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? asked in Business & FinanceCredit · 2 months ago

What would happen to the debt of a Debenhams credit card holder if they went into administration?

1 Answer

  • Matt
    Lv 5
    2 months ago

    You may find that the financial services part of Debenhams is separate to the retail part so they may not be going into administration like the stores are. Also, if the Debenhams credit cards are underwritten by a different company, it might be them that you are really doing business with anyway, just under the Debenhams brand. If it is actually Debenhams that you owe and if they are in administration, you will probably owe the money to the company's administrators. They should write to you to let you know what is going on so don't worry about it at the moment

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