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Creditors Can't pay argos credit card

Published on July 5th, 2016 | by FinanceLoophole


Can’t Pay Argos Credit Card

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It’s the beginning of the month and you know the inevitable is going to happen – and there it is – dropping with a thump on your doormat – your Argos credit card bill! You get a knot in the pit of your belly as you know you cannot pay it this month.

This is a much more common situation than many people think. You should not feel out of control. Don’t despair – there are some easy steps that you can take to get your finances back on track.

Argos Credit Card Missed Payments

The Argos Credit card is issued by Vanquis Bank Limited (see below for more details). The card can be used by customers who have no or bad credit history. They Argos credit card can be used to build your credit rating or rebuild a damaged credit rating if the card is used regularly and the credit card bill is paid off on time each month. The advertised APR is currently 29.9% (variable) on the available credit balances between  £150 to £1000. The Argos credit card APR is almost double many of the mainstream credit cards interest rates of around 15% – no wonder that people fall behind on their repayments. You can find better options out there if you look. We have collected together the top advice we can find to help you if you have missed a payment deadline on your Argos credit card debt.

Find out more about Vanquis Bank Limited.

cant pay argos credit card debtThe Argos credit card can be useful for people looking for credit with no or bad credit history – who can pay off their bill each month. But for those who cannot (and we have seen more on this site each month who cannot) the high interest rates of 29.9% can make it very difficult to pay the bills if you start falling behind with your payments.

Buy Now, Pay Later – But Be Warned!

Their ‘buy now pay later’ advertising slogan looks on the face of it to be a great deal – you buy what you want and pay it back after the fixed period of time and there is no interest payable on the purchase.  All fine and dandy! but there is a catch.

If you do not manage to pay off your ‘by now pay later’ plan by the end of the agreed period or fail to keep your account up to date, Argos will charge the same interest on the daily outstanding balance from the date of the original purchase. At 29.9% APR – that can add up to a hefty amount of money to pay back on top of the costs of the purchase – especially when you were counting on 0% interest.

So make sure when  you use this card for ‘pay now – pay later’ – you will pay back the card in full or you could easily fall into debt if your household finances are already under stress.

Pay Monthly – Interest Free – Normal Credit Argos Card Options

There are other credit card options offered by Argos which are more like the standard credit card offerings although they are all targeted primarily towards people spending their money in an Argos store and function like a normal store cards. You will not be able to use your Argos card in other shops as a normal credit card could be used however. The Argos credit card offers various repayments methods ranging from paying monthly when you spend £199 or more – payments are available over 24, 36 or 48 months – with an APR of 29.9% it will be costly to extend the period of repayment out to 48 months. It’s always recommended to pay off your card bill as soon as possible to prevent extra interest charges. You can see how much it will cost you in the table below.

No. of months Amount per month Total payable
24 £16.24 £389.76
36 £12.16 £437.76
48 £10.20 £489.60

Representative 29.9% APR variable

Interest free credit is available on some products so you can take out an interest free plan on your Argos Credit card if you buy a product which is applicable. This means that you pay no more than the price of the goods (0% interest) as long as you pay for your purchases within the agreed payment period which is normally 2 years (24 months).

How Can I get Out Of Argos Credit Card Debt Quickly?

We are receiving an increased number of enquiries from people visiting this site that are say things like “I can’t pay my Argos visa card” and “I can’t afford to pay Argos”. If you are having problems with an Argos credit card you can get help quickly – just fill in this form and if you qualify you will be contacted quickly and your debt will be managed directly without you having to worry about anything.

Causes Of Argos Credit Card Debt

Argos credit card customers normally start experiencing credit card repayment problems when they have reached the end of their credit limit and are then they are left with nothing except the high monthly interest charges to pay.

If they are then unable to make the minimum repayment of the debt, the amount owed will only increases further. This will often result in a string of annoying calls from customer services and the Argos debt management department as well as letters chasing for payment. This will often make the situation even worse and increasingly stressful to manage.

Of course the reason that someone finds it difficult in the first place to make the payments to their Argos Credit Card will be due to something external – normally unexpected, which has affected their personal finances.

The top things which normally lead to Argos card defaults are listed below.

  • Losing or changing your job
  • Divorce
  • Unexpected large bill for car repair or similar that just needs paying
  • Overspending

What should I do if I can’t afford to make my Argos card payments?

The first thing to do is call Argos (part of the Home Retail Group) on 03456 400 700. Or you could drop them a message on twitter on their ‘help and support’ account at @ArgosHelpers.

You can also log into your online account area at to manage your repayments.

We cannot emphasis enough that it is essential that you engage with Argos if you are having problems paying them back. Let them know that you are having problems making your repayments. If you don’t then you risk court action and spiralling debt – so do not delay.

Argos understand that people can struggle to make their prepayment schedule. That your circumstances may change meaning that you are struggling to make future payments. If you contact them they can discuss what options are available to you. However if you contact a debt management company first this could put you in a better place – though this only really needs doing if you have multiple debts and your financial situation is complex, otherwise its simpler to work it out yourself with the help of a free debt advice agency.

What should I do if I have a complaint about the Argos Card?

If you wish to make a complaint about your Argos credit card you can do so by making contact with the Home Retail Group who run Argos.

Telephone: 03456 400 700
Email: customercare–
Write to us at: Home Retail Group Card Services Limited, Thynne Street, Bolton, BL11 1AS

Home Retail Group Head Office is at :

  • Home Retail Group
    489-499 Avebury
    Saxon Gate West
    Central Milton Keynes
    MK9 2NW
  • phone-icon 0845 603 6677

They aim to resolve your complaint within 48 hours, where they are unable to do so we will keep you informed of the progress of your complaint until they have resolved it (hopefully to your satisfaction).

If they are unable to resolve your Home Retail Group Debt complaint to your satisfaction you should refer it to the Financial Ombudsman Service. Do this in writing to Exchange Tower, London, E14 9SR, or call them on 0300 123 9123 or email your complaint to More information can be found on their website at

Alternatively you can register a complaint through the European Union’s Online Dispute Resolution portal here: There is certain criteria that must be satisfied for your complaint to be resolved through the Online Dispute Resolution portal – in our experience it is more hassle than it is worth using this method to make a complaint.

Home Retail Group Debt

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You may have missed payments to other shops in the Home Retail Group, they include retail outlets for Sainsburys, Homebase and Habitat.

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