We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Credit card arrears
stuartw101
Posts: 381 Forumite
in Credit cards
Got my statement saying i needed to pay the minimum amount of £300 immediatley as i think i was late, three days later i got a letter saying i have to pay £200 in arrears and something about my credit or something being cancelled and that i had been reported to some place.
Can anyone explaing this to me?
Thanks
Can anyone explaing this to me?
Thanks
0
Comments
-
How about phoning up your credit card company and asking them to explain ?
Just a thought !0 -
id rather not, as i dont want to be on the phone for ages0
-
I'm afraid that they are the best people to ask to sort this out.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
but can anyone just explain to me what credit card arrears are?0
-
rchddap1 and nesima are correct, the longer you leave it the worse it will get.'What's poignancy grandad?'
'It's the cordon bleu of emotions sonny'0 -
Simple...an arrear is a debt for which you should have paid £x and simply haven't. That is, you are behind in your payments.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
oh, so i havent actually been charged extra? it said i had to be £300 on the statement and on the letter it said i have arrears of £200, so i just have to pay what was on my statement?0
-
Give them a call and ask them. I should take them less than 10 seconds to explain it to you.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
But look up their number on www.saynoto0870.com!2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0 -
stuartw101 wrote:Got my statement saying i needed to pay the minimum amount of £300 immediatley as i think i was late, three days later i got a letter saying i have to pay £200 in arrears and something about my credit or something being cancelled and that i had been reported to some place.
Can anyone explaing this to me?
Thanks
My guess is that you have to may this month's £300 but also have to pay them £200 for payments you have missed from earlier months i.e. you need to pay £500.
They will have reported your late payment(s) to the credit reference agencies which means that any other lender who you apply to will see you have missed some payments. This may affect your future ability to get credit.
As everyone else has said ... phone them because they can tell you what they mean whereas we can only guess. Don't run away from it. Find out where you stand and do it now.
ClarimanAuthor of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards