16k in debt been to CAB..

owen_cash

Been to CAB, very usefull and helpfull, I'm in £16,394 in debt. Written to Companies with a repayment plan and financial statement as prepared by CAB which also aked them to freeze any further interest. Spoke to Barclaycard and they have stopped my cards and accepted plan but still will charge me interest. They also said it will look bad on my credit rating/history which also worries me but I guess that is pretty much shot anyway. Has anyone else managed to get interest frozen on debts? Any other suggestions welcome. thanks.

Bank £3200
Coop visa £2085
Barclaycard visa £3161
Barclaycard Mastercard £2089.25
M&S chargecard £1310
M&S personal reseve £3045
Amex £1503
total £16K

ald65

All our creditors have stopped charges and interest except BOS CC.
GOOD LUCK

jimbo26

Once the CCCS all mine eventually froze interest. Barclaycard were brilliant and really helpful. MBNA were !!!!!!, and I will never give them another penny of my money.

owen_cash

Spoke to Barclaycard again, they see if I can make the first two monthly payments and they then drop interest down to 1%...

compulsivespender79

Hi Owen (like the moniker - I know that's not the right word, somebody correct me please!)

I've only just started my Debt Management Plan, so haven't had any news back from creditors yet. I just wanted to wish you luck, and to tell you to be persistant with them - take a leaf out of thier book!

CSx

LilDevil

The Co-Op won't freeze my interest either, although I am now off my reduced payment plan (now paying less for my minimum monthly payment than when on the payment plan!)

DebsA_2

Hi Owen, we too have a Financial Statement with the CAB. We originally owed over £21,000 and now owe £8,500. All of our creditors have frozen the interest but it did take some patience before they all agreed. Two of our creditors are M&S Budget Card and M&S Loan and they were really good and stopped the interest almost immediately. Only one of our creditors took nearly 2 years to stop interest - Index Catalogue. Keep with it and good luck.