Credit card interest rate

martyblak

Hello I have 3 credit cards with an outstanding balance of around 3000 pounds.  One card has 2000 pound , its with Aqua and its got a high-interest rate, I've actually paid more back than I owe because of this interest over the last few years..I'm on furlough so my wages have gone down to just three days a week because of the contract I'm on but would normally be working 5 days at this time of year. so I'm losing quite a bit of money.

Ive spoke to aqua explaining this and they have put a payment freeze on the card but the interest is still going to be put on and I fear its going to put me right back where I started or an even worse position.

Ive tried to get them to freeze the interest payments, and also tried to get a balance transfer card but the answer to both of these was no.

Im starting to feel the only way I can survive now is to default on the credit card.

any advice would be most welcome.

Thank you

[Deleted User]

If the payment holidays aren't enough then yes, you will need to default.

jonesMUFCforever

Have you got anything to sell to put towards the debt?