We would like to take this opportunity to thank you and all your staff for all of the help you have given us over the past 5 years or so. ....We often think how lucky we were to pick you ....so here we are are with all our creditors paid off and a lot wiser for the experience, thanks to DCM...Mr & Mrs C.

Telegraph News
Credit Cards

Splash out for less on holiday

Make your money go further by taking the right cards on trips abroad this summer

Other headlines...

Credit Card Debt FAQS

Frequently Asked Credit Card Debt Questions

I've got huge debts on my credit card how long will it take to pay ?

Citizens Advice Bureau (CAB) clients have an average of £13,000 of debt which is nearly 17.5 times their monthly income. On average it would take CAB clients 77 years to pay back their debts in full

Credit Card Repayment Calculator - how long will you take to repay ?

I can't afford to meet the minimum repayment - what should I do?

If this is short term problem because of payments due to you are delayed (like if you are self employed) then contact your lender immediately. If the problem is because you are experiencing financial difficulty then contact us immediately for free advice.

What is considered a bad credit card debt?

If you are only able to make minimum payments on an amount over £1000 then you should look to address the problem immediately.

Did you know?

The first credit card was issued by the Diners' Club. Back in 1949, when Frank McNamara was at a restaurant, he realized he did not have enough money to pay for his meal, and had to call his wife to bail him out. He then came up with the idea of the Diners Club, which later issued the first credit card.

Can I go to prison for credit card debts?

Unless you have committed any criminal act such as fraud then there is no reason to why you would suffer such a consequence.

I'm self employed - can I get help?

DCM Money Solutions can help you. You will find that many free services do not want to know about people like you.

sources:

http://www.creditaction.org.uk

Did you know?

Since 2006 some credit card companies have been changing the terms and conditions on existing accounts. Why? To add in this little section like Barclaycard have: "As a responsible lender, if we have a good reason (for example because of the way you manage your account or our assessment of the risks of lending to you changes), we may consider it reasonably necessary to reduce your credit limit or restrict the amount of cash you may withdraw. We will tell you before we take this action, or as soon as possible afterwards."

This means you might at any time have your card refused even if you are well within your credit limit.

Complete the form and a debt expert will call you back