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Capital One UK Here to Help
K_999_EMM
Posts: 1 Newbie
in Credit cards
Like many, I have a capital One credit card. For the first time in years I have a balance, not massive but not able to be cleared with one months furloughed salary.
Capital One are offering customer the opportunity to apply for a 90 day payment holiday, wherein they make no payments but there are no fees or late charges etc .
That said, they will continue to charge interest on the outstanding balance which for some will be worse than the other charges.
These interest charges will be compounded and as there will be no payments being made will exacerbate an already difficult situation.
Should Capital One Uk do more ?
Is there anything we can do to persuade them to reduce or stop interest for a period ?
All comments and advice appreciated,
Kind Regards to all
Capital One are offering customer the opportunity to apply for a 90 day payment holiday, wherein they make no payments but there are no fees or late charges etc .
That said, they will continue to charge interest on the outstanding balance which for some will be worse than the other charges.
These interest charges will be compounded and as there will be no payments being made will exacerbate an already difficult situation.
Should Capital One Uk do more ?
Is there anything we can do to persuade them to reduce or stop interest for a period ?
All comments and advice appreciated,
Kind Regards to all
1
Comments
-
In a word no. Unless the government dictate that they have too.
They are being generous by waiving fee's & charges.
Just be aware this may show on your credit report as missed payments. So I would try to make the minimum if you can at all.Life in the slow lane0 -
@K_999_EMM
How does one request 90 day payment break from Cap1.Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0 -
https://www.capitalone.co.uk/support/coronavirus-guidance-and-information.jsfDandytf said:@K_999_EMM
How does one request 90 day payment break from Cap1.You will soon be able to apply for a payment holiday. Please check your online account for updates.
2 -
Be grateful they’re doing anything.
They’re not obliged to offer any sort of payment relief at all.0 -
Thanks this is not quite 'here' yeteskbanker said:
https://www.capitalone.co.uk/support/coronavirus-guidance-and-information.jsfDandytf said:@K_999_EMM
How does one request 90 day payment break from Cap1.You will soon be able to apply for a payment holiday. Please check your online account for updates.
Though could be useful.Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb0
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