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non payment

Hi Looking for some advice please.

I booked a holiday a 6 months ago and made the payment on my credit card and was making the payments monthly with no issues I have now lost my job and cant make the payments . I have so far missed 2 months and I have been told by a friend that as the holiday has not happened yet that the credit card company can reverse the payment is there any truth to this ?
I cant see it but worried it could happen I I will have to let my wife and kids down.


Thanks

Comments

  • Westminster
    Westminster Posts: 1,004 Forumite
    Part of the Furniture 500 Posts Savvy Shopper! Debt-free and Proud!
    Do you have any insurance products that would cover a refund of the payment due to redundancy.

    Unless it's all inclusive, you will end up spending even more on your holiday that you can't afford.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you can cancel the holiday, even at a cost, then I would do so.

    What are the cancellation terms?
  • Your friend is talking rubbish.

    But your travel insurance may well cover redundancy.

    You did buy travel insurance, didn't you?
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