can i freeze interest on credit card

[boabmc]

Ok after leaving my steady job in jan this year i have been in and out of employment. Before then i was always making the minimum payment to a maxed out 10,000 credit card. Have been paying on average £180-200 for past 4 years a month. Surely the bank can see i am struggling as it is with me changing jobs several times in past months. My account is messed up as they keep taking bank charges out for missed direct debits and whatever else they feel like charging you for.

 

Is there a way to freeze the interest on the credit card so i can bring it under control through time and pay it off, hopefully like a loan, just pay off the balance as is over couple of years. I dont know how to go about this and any advice would be grateful, surely the bank have made there fair share from me alone with these stupid charges and crap interest rates on the credit card.

 

Also i am going to go about reclaiming the bank charges from lloyds tsb, anyone any advice on doing so and the quickest method if any? been reading through the forum already and got some advice but some of it is still unclear to me

[BADGER 69]

Have you thought of moving your account to an interest free one and then pay off the principle and not use it for anything else?

[boabmc]

how do i go about doing that, my credit rating is crap because of all late direct debits and bank charges etc etc

[Guest louis wu]

There are some templated letters for dealing with creditors, they are listed here

 

http://www.consumeractiongroup.co.uk/forum/general-debt/20758-creditors-dcas-letter-templates.html

 

as always, they are a guide and need to be considered carefully before use. You may also need/wish to adapt them to fit your personal circumstances. Unfortunately, there are no gaurantees, but you may have some success.

 

Also i am going to go about reclaiming the bank charges from lloyds tsb, anyone any advice on doing so and the quickest method if any? been reading through the forum already and got some advice but some of it is still unclear to me

 

This is everything you need to get to grips with the basics

 

http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/

 

pay particular attention to this

 

http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/31460-example-step-step-instructions.html

 

 

It's important that you read, read and re-read this guide. I spent about 4 weeks learning and reading before I even considered beginning my first claim. I believe it was time well spent, and without it I don't know what the outcome would have been. I know I would have had many more sleepless nights if I hadn't know exactly what I was doing, and why I was doing it.

 

I know you're in a rush, but take your time, as little mistakes now can be costly in both time and money later on.

[Guest louis wu]

how do i go about doing that, my credit rating is crap because of all late direct debits and bank charges etc etc

 

 

send off for a copy of your credit report, and look to see how bad it is. If you have made recent credit applications, then it would be wise not to make any more for several months. There are some companies that will offer cards to higher risk customers at rates that may be better than the one(s) you are on.

 

Get copies of your credit report, and post again, you may find there are some options available to you.

[Guest louis wu]

My account is messed up as they keep taking bank charges out for missed direct debits and whatever else they feel like charging you for.

 

Are the charges still coming out now? If so, then consider moving your account to a 'basic' one (available to those with bad credit scores) and have any salaries/benefits paid into that. It won't stop them accruing on your old account, but you can deal with that later by claiming them back. It may give you a little more disposable income to sort some other issues out.

 

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/58685-do-you-need-parachute.html