Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Defaulting on Credit Card

51 replies

Pisces90 · 30/01/2019 10:11

What happens when you default on 1 credit card? Does it affect your other credit accounts?
I will keep this short. I have 1 CC and only paying min payment. I am really struggling with this debt.

OP posts:
MonkeysMummy17 · 30/01/2019 18:31

I would say if you have some that are 100% it might be worth applying and shifting it to a 0%.it only buys you 6 months but that £70 a month will go straight off the balance so will make a much bigger impact, then in 6 months find another card and do the same thing again. £70 a month with no interest to pay means you'd have cleared £420 off the balance by the time you get to the end of the 0% - not sure how much you have to clear but if you have the option I'd take it and feel better about not paying extortionate amounts of interest

New posts on this thread. Refresh page