Credit Card Debt

Used wisely, credit cards can be helpful. But if you’re not careful they can be an expensive way to borrow, especially when it takes a long time to pay off what you owe if you can’t pay the balance.

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Home > Credit Card Debt

This Guide Includes

1. Credit Card Debt

2. What happens if you can’t pay Credit Card Bills?

3. Help With Credit Card Debt

4. Staying on top of Credit Card Debt


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Credit Card Debt

Credit cards can be a useful way to make large and more secure purchases or even to help you get through that last week of the month before payday. However, it can be easy to fall into credit card debt as you are able to buy things that you don’t have to pay for (or worry about) at the time. Debt on the card can build up quickly and if you cannot clear it or miss your minimum monthly repayments, interest will start to accrue and you could be charged a fee for a missed payment.

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What happens if you can’t pay Credit Card Bills?

If you don’t pay the minimum payment your account will go into arrears. If this happens:

  1. Your lender will contact you to demand the missing payments are made
  2. Then if you don’t make the payments they ask for, the account will default
  3. And if you still don’t pay, further action may be taken, such as employing debt collection agents to recover the money you owe them

If you are late making credit card debt repayments, it will usually have a negative effect on your credit rating. Your credit profile makes a record of every late payment you make, and lenders will look at this to decide how reliable you are for making repayments.

Help With Credit Card Debt

If you’re falling behind with payments, it’s often a good idea to contact your credit card provider to explain what’s happening and tell them how much you can afford to pay each month. Many creditors will agree to an affordable repayment plan or a payment holiday to help you get back on track, even if this is only for a few months

Staying on top of Credit Card Debt

There are several useful tips you can do to avoid getting into credit card debt, things like;

  • Setting up a standing order so you always make the minimum payment.
  • Making an additional payment on top of that if you can afford to.
  • Setting aside enough money each month to pay back what you spend.
  • Using a comparison site to find a lower, or zero interest deal so you can pay off more of the balance each month.

If you are struggling to pay a credit card or have difficulty paying outstanding debts, please contact our expert debt advisors to discuss. Call 0800 121 48 63

Reviews & Testimonials

Charlotte
2021-05-04
I really appreciate the support I was given regarding debt advice. I was provided with the upmost respect and there was no judgement at all. As difficult as it was to go through my situation, the advisors made me feel comfortable and were able to support me to find a solution to better manage my debts. A huge thank you to Jay and Keeley.
IB Whittaker
2021-04-28
I was in a really bad situation due to a sad divide between my family but when I came to Refresh Debt Services, my mind was almost at complete ease. Keith Brady in particular is a lovely advisor and does his utmost to not only help, but follow each step along the way with perfect understanding of each situation. Couldn't recommend this company enough.
Michelle D'Arcy
2021-04-28
Keith was great! constantly asked if I had any questions, made sure I understood everything, didn't rush me when I was getting information. Totally professional but also put me at ease and we even had a little joke. The weight of the world has been lifted off my shoulders. 100% recommend them.
Craig Newkland
2021-04-28
Very very good service and advice. People at Refresh are friendly, polite and knowledgeable. Would recommend to anyone.
Linda Harvey
2021-04-27
From the day i started my DMP the team have been more than helpful and respectful. Over the Last years i have had know reason to contact Refresh as i never had any issues with my payments ect. In the last week as my DMP has come to an end i needed advice and support with being able to show proof my DMP had come to and end and i now owe nothing, but also a huge weight lifted from my shoulders. Brenna my account manager was soo helpful and understanding and took her time to chat to me and send me all the info i had asked for. These people are not judgmental or insensitive, just helpful people trying to help you get back on track!! Thank you
jean roaach
2021-04-17
I found refresh very helpful when I was struggling with my debts. I received monthly statements and updates on what I was paying and when things changed and was only to happy to help with any problems I had all ways pleasant on the phone and understanding. Lucky enough I am debt free thanks to refresh would highly recommended them
Sarah
2021-04-15
Keith was so helpful! Made me feel very comfortable to talk to him about the help I needed. Would recommend anyone who is struggling to talk to him! Fantastic service! Couldn’t be more grateful of his time and help!
Carolyn
2021-04-03
Keith was absolutely brilliant. I was a victim of a sophisticated Bitcoin scam which has been largely responsible for my present financial predicament and I feel embarrassed and ashamed that I allowed this to happen to me.As a result I was really scared as I began to think that everything was fraudulent including Debt Management agencies. Right from the start I felt safe and reassured with Keith. He not only knew his stuff but validated my feelings and perceptions, was not at all judgemental and his concern and empathy were genuine with marked social, psychological and emotional intelligence and sensitivity. For the first time since I realised I had been scammed I could sleep. I felt protected and I still do. He would make a very good psychiatrist.
customer
2021-04-01
From the moment I spoke to Keith he put me at ease. He professionally took me through the possible steps, answering any questions that I had and his empathy and reassurance was very appreciated. Once I came to a final decision on what I needed Keith again answered any other questions and quickly put the plan into action. Honestly I had spent so many days/nights worrying about the debts once I had finished talking to Keith I felt like a huge weight was lifted from My shoulders!! I can’t thank Keith enough for taking the time to listen and then implement the plan for me! 10/10
Zdenka Suchankova
2021-03-29
Its a very friendly staff, just 5:45 I wait for next phone call and now its a5:50 and nobody call me. Something wrong?

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