Credit Card Debt Help

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.

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