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Paying Household bills by credit card
HendersonHall
Posts: 3 Newbie
in Credit cards
I currently pay all my household bills by direct debit and clear my credit card balance on a monthly basis. Due to loss of earnings I am now facing a situation where I may not have enough in my current account to cover these bills next month. I was thinking of paying the bills with the credit card and reducing my credit card payments to the minimum monthly payment, or taking out an additional card. In terms of overall fees and my credit rating, would this be a good idea, or would I be better off trying for an overdraft or loan from my bank instead ?
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Comments
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If you can get a 0% purchases card AND the utility provider accepts cards, then it could be a short term measure.
In general though, borrowing for the essentials is a terrible idea. Better to negotiate payment plans.0 -
Agree with post above, utilities/suppliers/creditors will be well aware of the difficulties with payments some people may have going forward, much better to agree repayment terms that are affordable, instead of using credit, you will not be the only one, this situation is likely to affect almost everyone in some way or another.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
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If you are struggling with your debit card debts will you be able to pay your credit card debts eventually ?0
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