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Payment holiday on credit card

  • 31-03-2011 11:32am
    #1
    InTouch
    Registered Users, Registered Users 2 Posts: 75 ✭✭


    Hi there, in the clause of my mastercard it says that the bank can give a payment holiday at its discretion and at the request of the cardholder.

    I am running into financial difficulty and where I normally would be ok to meet my minimum repayments, this month I cannot. I have applied for a loan (it's not a huge balance to be honest but it's a minimum payment I will not make).

    Is there anything I can do about this right now?

    The bill is due out today and it will take a few more days for the loan application to be processed.

    Any help is appreciated.
    Thanks


Comments

  • #2
    SteoL
    Closed Accounts Posts: 1,545 ✭✭✭SteoL


    I have a feeling you may be too late for a payment holiday if the bill gets issued today. Also, as it's at the banks discretion they may be reluctant to do so. I don't know for certain so I suppose you could just ring the bank and ask them.


  • #3
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    I would also imagine it's too late to do anything for this month's payment.


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