Virgin Credit Card Debt

Are you struggling with your Virgin money credit card debt?

Debt can be very overwhelming and can cause a lot of financial pressure, knowing what to do about it can be a very relieving feeling.

We can help guide you in the right direction to pay off your debts, since dealing with money trouble is never easy.

Continue reading this article to get advice on your debt.

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How can I Budget effectively?

Budgeting effectively can help you out a lot when dealing with debt, Virgin offers an online budget planner to get you back on track.

Adding up your monthly bills and other financial commitments will help you to work out your budget, this will give you a better idea of what you can and can’t afford.

Taking the first step to repaying your debts is never easy but once you’re into the routine of budgeting around the debt repayment it will become easier.

This will stop you from falling into the trap of having a persistent debt.

What Is persistent debt?

A persistent debt is where the customer pays more than they originally paid from their credit card balance in interest, fees, and charges.

This is because the customer is making the minimum payment each month so this means only a very small amount covers the actual debt balance.

The minimum payments only cover the interest rate, the fees, and extra charges, customers affected by persistent debt have to carry the debt for a longer period of time.

What does persistent debt mean for me?

If Virgin believes your account is in a persistent debt they will write to you asking if you afford the increased monthly payments.

This is so the debt gets paid a lot faster and you don’t end up paying more in interest.

Virgin also has an online interest calculator if you wanted to find out how much interest you would be paying or how much quicker you could get rid of the balance.

Did you know that you could write off 85% of your debts?

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What if I cannot afford to increase my monthly payments?

After Virgin has written to you and you are still in persistent debt after 18 months your account will be classed as extended persistent debt.

Before this happens Virgin will send you a letter/email explaining why you should increase your monthly payments and the benefits of it.

Virgin aims to help you out as much as they can to get you out of persistent debt and they may even end up suspending or canceling the card.

This may mean that it affects your credit score and your ability to get credit anywhere else, however, that could be a blessing in disguise and help you out in the long run.

If you still believe that you cannot afford the increased payments they encourage you to get in touch and express your concerns over the phone: 0800 678 1636.

How do I find the best debt solution for me?

The best thing to do is evaluate your financial situation and see how much you can afford to put away to pay the debt off.

A debt management plan is a route that most people go down because it is easy and they are affordable monthly payments to get the debt paid off.

Paying off debt is never easy and you may have to make some sacrifices for a little while such as memberships, morning coffee runs, and anything else that may not be a necessity at this time.

If you have savings even if it’s only a small amount it could still help out and potentially get the debt paid off quicker.


Paying off debt is never easy, but once you know how to manage it, it can be a weight lifted off your shoulders.

A stable debt management plan will help you out a lot to pay your remaining balance since it will guide you in the right direction.

Overall Virgin has many ways that they can help you to pay the debt off and offer as much support as they can to help you through the process.

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Credit Card Debt Help Information

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