Credit card

[Stevewardy62]

Barclay card are telling me to double my min payment as from 25th November. I simply can't aford £1400 a month out of a salary of £2100

What do I do now?

[Amethyst]

I'm not surprised.

Have you been paying just the minimum payment for a long time? Is it a suggestion to pay more than the minimum payment or have they changed the minimum payment % ?

I suspect it has to do with the requirement to 'help' people in persistent debt - https://www.fca.org.uk/news/press-re...introduced-fca

From 1 September, firms will be required to take escalating steps to help once they identify someone as having been in persistent debt over 18 months:

After someone has been in persistent debt for 18+ months... lenders must contact customers, prompt them to change their repayment and warn their card may be suspended if they follow the same repayment pattern. They must refer to any debt advice available.

which can be read https://www.handbook.fca.org.uk/hand.../7.html#DES115

Have they given you any alternative options ? Close the account and pay it down monthly etc ?

[Amethyst]

Some more info for you if you're still looking at this https://www.stepchange.org/debt-info...card-debt.aspx