ChatterBank3 mins ago
Deal or no deal
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The chap on now just said he owes £16,000 on his 2 credit cards which equates to about £345 per month. Can anyone estimate how long will that take him to repay?
Am i the only person shocked by that amount or is it common amongst credit card users ? And people wonder why the uk is in such a poor financial state .
Am i the only person shocked by that amount or is it common amongst credit card users ? And people wonder why the uk is in such a poor financial state .
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For more on marking an answer as the "Best Answer", please visit our FAQ.It's not uncommon, IMO - you have a bit on one, bit on another, transfer one over to get 0% balance transfer, buy an telly, and before you know it, it's a big chunk out of your monthly income. The companies still offer hikes if you are a good payer - one of mine offered me a borrowing ceiling of £11600.
One of our card companies contacted us last year and told us they were reducing our available credit (by quite a lot) - we thought that was sensible on their part, it reduced their risk and ours.
One of our card companies contacted us last year and told us they were reducing our available credit (by quite a lot) - we thought that was sensible on their part, it reduced their risk and ours.