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Laura Ashley MasterCard

FBEY
Posts: 1 Newbie
in Credit cards
I have a significant balance on my Laura Ashley mastercard. Most of it is on a 0% interest balance transfer offer.
As Laura Ashley has gone into Administration do we know how this is likely to affect us? are balances going to be written off? can they suddenly ask for payment in full? will it just continue as it is now?
As Laura Ashley has gone into Administration do we know how this is likely to affect us? are balances going to be written off? can they suddenly ask for payment in full? will it just continue as it is now?
0
Comments
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You'll just carry on paying it down, but the card itself will be closed down.
It's provided by NewDay, not Laura Ashley.0 -
Wishful thinking - unfortunately it's administered by NewDay and will follow their T&C's that you signed up to. Unlikely to be any change to your current agreement.0
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will Newday be able to provide you with a copy of your original contract in case you request a proof of debt ?
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It is most likely that the card will just be rebranded without Laura Ashley on it (and any LA related perks will disappear).0
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