I have been attempting to recover financially after a motorbike accident earlier this year, but the situation keeps worsening. Despite making regular payments on my card, the interest rates seem to be climbing. In the past three months, I have accrued £280 in interest—almost £100 each month. This is outrageous; it's impossible to pay off my balance with such high interest. As a result, my card has exceeded its limit, and now the company is threatening to default my account, which would severely damage my credit score for years to come! I continue to make payments whenever possible, but these interest rates only push me deeper into debt. I want to pay this off quickly and close my account. There are many other lenders out there who actually provide support! I've been contacted 2 to 3 times daily by the company, even after explaining my situation to them. I strongly recommend avoiding this service; it's better to get a credit card from your own bank!
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Vanquis serves over 1.7 million borrowers and savers in the UK. But while we may be a bank, we see ourselves as different from the traditional high street banks. You don’t need the highest credit score to borrow from us. You don’t need the biggest bank balance to save with us. We’re here for everyone who wants to manage their money better. Whether you're building your credit score, cutting your bills, or saving for your next move, we could help you take life's opportunities. We’re Vanquis – the bank that’s got your back.See more
