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I have been a plonker
darthpaul
Posts: 115 Forumite
in Credit cards
Ok so I have been stupid! This month is the 3rd month of my 9 months interest free with Virgin, I find out my wife is pregnant and have basically spent the month running around and not really focusing on things except looking after her. So I realise I have forgotten to setup the DD on the card and the payment. I go online and make the payment but it cleared 1 day too late 
:mad:
I get landed with £25 late payment fee and lose my interest free offer. So after phoning them up I get the £25 back but they will only offer me 6.9% for my remainder 6 months. I did try to use my story to help but they were having none of it.
So I have an Egg card, figured they might let me use the 0% on that as my anniversary month is in September...but no they wont budge either and just wanted to give me a loan at 6.9% instead. So I am now in a quandry....
Do I pay 6.9% for the 3 months until my Egg card is in anniversary then move my balance then or do I apply for another 0% card and learn from my mistake of not setting up the DD straight away.
:mad:I get landed with £25 late payment fee and lose my interest free offer. So after phoning them up I get the £25 back but they will only offer me 6.9% for my remainder 6 months. I did try to use my story to help but they were having none of it.
So I have an Egg card, figured they might let me use the 0% on that as my anniversary month is in September...but no they wont budge either and just wanted to give me a loan at 6.9% instead. So I am now in a quandry....
Do I pay 6.9% for the 3 months until my Egg card is in anniversary then move my balance then or do I apply for another 0% card and learn from my mistake of not setting up the DD straight away.
Official DFW Nerd Club - Member no. 1021 - Proud to be dealing with my debts.
0
Comments
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Get a new card. Or pay off your debt.0
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The best 'revenge' - if you could manage it - would be take the 6.9% offer for now, but to apply for another MBNA card [eg A&L] and see if you are accepted with any kind of limit there. Then you could use you Egg card to pay off the 6.9 offer, phone up A&L, say you have an unused MBNA Virgin credit limit, get them to shift as much limit as they will straight on the A&L card, and then balance transfer back to Egg the debt taken off the Virgin card:darthpaul wrote:Do I pay 6.9% for the 3 months until my Egg card is in anniversary then move my balance then or do I apply for another 0% card and learn from my mistake of not setting up the DD straight away.
Scheme
Old MBNA Card
'BT' ----> Egg Card
'BT' ----> New MBNA Card
(6.9% 6 mon) <--Payment--- (14.9%) <--Payment--- (0%, 9 mon).....under construction.... COVID is a [discontinued] scam0 -
Except that they are claming down on >1 MBNA card per person & that missed payment won't impress the underwriter.Ethical moneysaver0
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