We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Interest freezem
Options
AMK15
Posts: 1 Newbie
in Credit cards
Hi
does anyone know if credit score is affected if you ask your c-card company to reduce or freeze interest for a period of time.
does anyone know if credit score is affected if you ask your c-card company to reduce or freeze interest for a period of time.
Thanks
0
Comments
-
You'll go into an arrangement, which will be recorded on your files.
It's effectively the same as a default if not very temporary.2 -
Credit score is meaningless anyway, nobody but you sees it. It's never used in any lending decision. The arrangement will have the impact on future lending, not the gimmick score.0
-
Are you sure? I know Barclay's letters about persistent debt categorically stated nothing would show on your credit history if you took their offer of reduced interest but freezing spending on the card.Deleted_User said:You'll go into an arrangement, which will be recorded on your files.
It's effectively the same as a default if not very temporary.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards