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Help!!! How Do I Stop Interest Charges?

HI,
I'm really trying hard to pay off my debts but I'm really concerned with my debt with HSBC.

I've managed to get the other creditors to stop the interest charges but HSBC refuse to comply with my request.
I pay £117 per month and I'm being charge about £72 interest so my balance is hardly going down and I feel like it's hardly making a difference.

What can I do make them stop charging me so much interest?

Thanks.

Comments

  • dhassen
    dhassen Posts: 759 Forumite
    I'm sure someone will come along and say otherwise if I'm wrong, but I can't see them freezing interest when you're clearly paying at least the minimum every month....

    good luck though
    Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts
  • Broken_hearted
    Broken_hearted Posts: 9,553 Forumite
    Simple answer is you can't, all you can do is keep asking.
    Barclaycard 3800

    Nothing to do but hibernate till spring






  • GeorgeUK
    GeorgeUK Posts: 7,737 Forumite
    There is a template letter here for this. Don't know if you've already sent similar letters though.

    http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#6
    After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91

    Dad Gift 6k ¦ Savings & Inv Tst: £2,500
    Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0

    Total Owed: £2,270 (+6k) 11/08/2011
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