Asking credit cards to freeze or reduce interest

sammyjammy

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

backinbusiness

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 

midlands13790

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

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.

midlands13790

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

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)