Credit Card Questions.....I have no idea

[Modified]

Right luckly its not me but my other half! but still kinda bad!

She has a credit card £2000 on it, sadly she has lost her job and cant make the payments! LAME!!!

now whats the best thing to do about this?
she is thinking about getting another card with 0% intrest on it and using that to pay off the 1st one and not have huge intrest while she is looking for a job?

does that make sense?
is it better to get a loan? or another credit card i dont know :S

please any help would be wiked

[Mikeyssexysaxo18]

whilst unemployed im afraid its very difficult to get a loan or a credit card :(

[Peejous]

Using credit cards to pay off credit cards is never really a good idea.

Is there noway family could help out?

[Modified]

sadly nope, and i have been paying the last 4 months and i cant afford it with the flat we rent and the bills etc its getting too much

[Luke]

Can you just afford the minimum payment for the time being until she finds another job? I know you'll get interest, but at least you are making the payments.

Or...can you get an interest free card for her?

[Modified]

really wanna get a intrest free card and if its less than £50 a month ill be ok to pay it!

so what kind of card would she need? 0% on balance transfers or something else?

[Peejous]

http://www.moneysavingexpert.com/cards/cut-credit-card-interest

[Luke]

really wanna get a intrest free card and if its less than £50 a month ill be ok to pay it!

so what kind of card would she need? 0% on balance transfers or something else?

Well I just had £1200 on an interest free card, minimum payment was £25 so there is an idea.

[Modified]

http://www.moneysavingexpert.com/cards/cut-credit-card-interest

sent that to her!! nice one x

[Peejous]

Here's another one for you/her to look through mate:
http://www.moneysavingexpert.com/loans/debt-help-plan

:y:

[hellonpluto]

R
she is thinking about getting another card with 0% intrest on it and using that to pay off the 1st one and not have huge intrest while she is looking for a job?

does that make sense?
is it better to get a loan? or another credit card i dont know :S

please any help would be wiked

DONT GET ANOTHER ONE....slippery slope and it'll never get paid. If you want to pay it off you have to pay large sums every month. I cleared my £2300 card in 8 months. Was getting sick that you pay say £100 p/m and it doesn't really come down much. I whacked £1200 off it in one go!

If you cant attack it harshly then maybe a low APR loan but tbh any loan under £5000 has higher APR.

[Modified]

hmmm yeah

think i better put her in the bank so sort this out, she wont go to the bank cos shes worried they wont help her!

[stompin-sarah]

did she not take out the cover thing for in case she lost job or was off sick for a long time?

the insurance thing ?

[Modified]

did she not take out the cover thing for in case she lost job or was off sick for a long time?

the insurance thing ?

nope, at the time she had a job etc :( lame

[Curran]

virgin do a 16month interest free CC on balance transfers so that would be a good option if you could get it.

you may have to get it rather than her if she is now umemployed but be careful if you are going to do this. if you dont make the payments then you will get the bad credit rating not your partner.

[wobble_vtr]

if you were to get another card to pay it off, then you would have to get another to pay that one off, then another... slippery slope mate, best to avoid

[Barry123]

Did she take out that crappy insurance for the credit card?

Secondly she's NOT fucked, I repeat NOT fucked.

Good luck her finding a credit card when she has no income - So scrap that...
Transferring balances from one card to another, is not a good idea, it encourages her to spend yet further whilst at the same time not reducing the credit.


What she needs to do is ring the Credit Card company and explain the situation. Simply not telling them and missing a payment will mean she's utterly fucked.
TELL THEM TELL THEM... they can make arrangements, delay your lasses payments without charge or a fucking.

last thing... finish her.

[Barry123]

virgin do a 16month interest free CC on balance transfers so that would be a good option if you could get it.

you may have to get it rather than her if she is now umemployed but be careful if you are going to do this. if you dont make the payments then you will get the bad credit rating not your partner.

warning... I've got that card, although I've never used it... miss a payment and your balance is instantly put on to a 20394823094820% rate.
meaning even more pain in ass-screw-ville.

[stompin-sarah]

nope, at the time she had a job etc :( lame

is there no way that she could take out the insurnace thing now (using the excuse that because of the credit crunch she feels its best to take it out now??) and then keep paying it for a couple more months then say she lost her job??

if you try this though make sure you read the small print 1st as you might have to pay the insurance x amount of months b4 they will pay it??

[Mark51]

really wanna get a intrest free card and if its less than £50 a month ill be ok to pay it!

so what kind of card would she need? 0% on balance transfers or something else?

ive got £5.5k on a Virgin credit card and the basic minimum payment is £25.

[Curran]

warning... I've got that card, although I've never used it... miss a payment and your balance is instantly put on to a 20394823094820% rate.
meaning even more pain in ass-screw-ville.

i saw that on the money expert.

set up a direct debit for the minimum payment and you shouldnt have a problem.