Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
EGG customer card cancellations..!!!!!!!
rhysifans
Posts: 1 Newbie
in Credit cards
I saw a news report on early Saturday news which stated that EGG are about to cancel the credit card accounts of over 100 000 customers who are rated as high risk..
I have an EGG account and unfortunately, am fairly certain I fall into the high risk category..
If they cancelled my account, would that essentially be the same as me defaulting on my re-payments..?
That would be such a shame as I am managing month to month, but if EGG act aggressively, that would crush my hopes of gradually improving my credit rating..?
Can anyone explain what the wider implications are..?
rhys :eek:
I have an EGG account and unfortunately, am fairly certain I fall into the high risk category..
If they cancelled my account, would that essentially be the same as me defaulting on my re-payments..?
That would be such a shame as I am managing month to month, but if EGG act aggressively, that would crush my hopes of gradually improving my credit rating..?
Can anyone explain what the wider implications are..?
rhys :eek:
0
Comments
-
long thread entitled "Egg policy change " discussing this.
Basically, provided you meet the repayments in accordance with your agreement, your credit record won't be affected. "All" that will happen is that you won't be able to use your card for further spending.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards