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have you applied to another credit card to avail of the 0% interest free periods that are around?
I have a 15k balance on my card,i have been paying the minimum for the last 12 months but obviously getting nowhere.I want to try and sort something out with mbna,freeze/reduce interest.What is the best way of dealing with them.Do i need to ask them to freeze interest or do i need to default first.Any suggestions would be great thanks
It would be just as helpful to suggest purchasing an old lamp and rubbing it in the hope that a genie might appear...0% balance transfers are no longer available for those in difficulty. Credit union loans are also not available.
Posters should stop offering other posters false hope.
That's a bit harsh Gekko.....OP states that he is making minimum payments so is not defaulting on the payments. You can still apply for 0% balance cards and tell them that it is what you applied for. I had a balance of around €7k on my MBNA card earlier this year, called AIB and told them i wanted to apply for their balance transfer offer and was approved. There is some movement out there still. If you have missed payments then yes, you are likely to be turned down, but if you are meeting minimum payments and fulfilling T&Cs of the card then you can at least try.
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