We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
J D Williams woes
rippedofagain
Posts: 3 Newbie
I have been with tem 4 years, I pay £100 a month they charge me £62 credit charge a month! my credit limit is £3000, I owe £1500. it's a lose lose situation. just want to clear this as they are making a killing of me.
0
Comments
-
rippedofagain wrote: »I have been with tem 4 years, I pay £100 a month they charge me £62 credit charge a month! my credit limit is £3000, I owe £1500. it's a lose lose situation. just want to clear this as they are making a killing of me.
you would be better off starting your own thread if you are after advice.
Unfortunately, this sort of company lends to the people who are already struggling and charges enormous interest to cover the bad credit this leads to. Your only way to escape is to secure cheaper credit if you are able and use this to pay them off, or to pay more than £100 so that you make more of a dent in the balance each monthI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Moved to new post.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
-
rippedofagain wrote: »I have been with tem 4 years, I pay £100 a month they charge me £62 credit charge a month! my credit limit is £3000, I owe £1500. it's a lose lose situation. just want to clear this as they are making a killing of me.
Yes, and I've seen cases with JD Williams that are worse than that.
If you've got any way of shifting the debt somewhere cheaper then that's the easiest option.
Other than that, you may have to get them to default you, probably wait till they sell the debt or appoint a collector and pay them. But that will leave a mark on your credit file.
If you have had a change of circumstances (illness for instance) you may get some concessions from customer service.0 -
Get a credit card, you can probably get a 0% offer and shift the debt.
Even a normal credit card APR would be around 19%, probably less than half the JD APR.0 -
rippedofagain wrote: »I have been with tem 4 years, I pay £100 a month they charge me £62 credit charge a month! my credit limit is £3000, I owe £1500. it's a lose lose situation. just want to clear this as they are making a killing of me.
It would need to be a Money Transfer card though.Get a credit card, you can probably get a 0% offer and shift the debt.
https://www.moneysavingexpert.com/credit-cards/money-transfers/I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards