Tesco CC demanding repayment in full

John_

phillw said:

sourcrates said:

Unfortunatly, the FCA intervention on persistant debt, although a good move in theory, has somewhat backfired in practice, as its resulted in a lot of panic amongst credit card customers, as to what to do about it, in a practical sence.

Rather than backfiring, that would seem to be the intention.
They want to motivate people into either paying more off if they can afford it, or seek to wipe off their debit if they cannot.
It may seem like a nuclear option, but how else would you get people to make a change to their habits?

Indeed.

There are some on here who seem to think that the government’s job is to oat people on the head and make them feel good, no matter how self-destructive their behaviour is.
Giving people a bit of a wake-up call is sometimes necessary, and of course sometimes this needs to include shaking people up a bit.

Thrugelmir

ryan121 said:

Tesco are obligated to help you in this situation. The best thing would be for them to suspend your card, freeze interest and and have everything you pay actually reduce the debt.

Tesco are running down their banking operation. This part of the process of cleaning it up prior to disposal.