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Asking credit cards to freeze or reduce interest

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  • sammyjammy
    sammyjammy Posts: 7,950 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    you could send a version of this letter, just add the bit about corresponding in writing to it.

    https://nedcab.cabmoney.org.uk/dmptour.asp
    "You've been reading SOS when it's just your clock reading 5:05 "
  • The only thing I'd add is that defaults remain on your Credit file for 6 years - so you won't be "cleaned-up" completely in 3-4 years.  Please make sure you understand this before proceeding.  BiB x 
    DF :grin:
  • Tbackinbusiness said:
    The only thing I'd add is that defaults remain on your Credit file for 6 years - so you won't be "cleaned-upis that defaults remain on your Credit file for 6 years - so you won't be "cleaned-up" completely in 3-4 years.  Please make sure you understand this before proceeding.  BiB x 
    Yes i understand that but hopefully with a decent deposit and no outstanding debt I am hoping we could get something even if was sub-prime for a couple of years.

    Thanks
  • Naomim
    Naomim Posts: 3,117 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Do not make token payments to your creditors.  They are unlikely to default you whilst you are paying something and continue charging interest and fees.
    Credit Cards NOV 2019 £33,220.42 Sept 2023 £19,951.00 Tilly Tidy 20223/COLOR] Sept £43.71 Here's my diary: A Ditherer's Diary Again
  • Just thought I’d update. Holding letters sent to creditors which felt nerve wrecking, so far only Admiral have replied and put on 30 day breathing space however ignored my request for postal correspondence only, rang me twice and then emailed me. Wonder if these may be as bad to deal with as reported
  • SusieT
    SusieT Posts: 1,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well done, I would just answer 1 email from Admiral, and say writing only, emails and calls will not be answered, then block their number(s)
    Credit card debt - NIL
    Home improvement secured loans 30,130/41,000 and 23,156/28,000 End 2027 and 2029
    Mortgage 64,513/100,000 End Nov 2035
    2022 all rolling into new mortgage + extra to finish house. 125,000 End 2036
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