Laura Ashley MasterCard

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?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 19 March 2020 at 4:31PM
    You'll just carry on paying it down, but the card itself will be closed down.

    It's provided by NewDay, not Laura Ashley. 
  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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.
  • 2e0arr
    2e0arr Posts: 1,007 Forumite
    Part of the Furniture 500 Posts Name Dropper
    will Newday be able to provide you with a copy of your original contract in case you request a proof of debt ?
  • PaulW922
    PaulW922 Posts: 1,038 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It is most likely that the card will just be rebranded without Laura Ashley on it (and any LA related perks will disappear). 
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.7K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.6K Work, Benefits & Business
  • 619.4K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.