Getting Out Of Debt Homepage

Question: Help with credit card debt/repayments(read on)?

(Posted by: katycorkarooney on 2007-08-13 17:43:15)

Was paying it off at £27 a month for around 12mth as i was in arrears but they were still adding charges so in effect its only been taking the balance down by £3month...and now Ive got to the stage where I amreally struggling to pay £27... (i receive benefits becuse of illness) What can i do? please please help...

Posted by: Googlyworm on 2007-08-13, 17:50:52

I just gave you what worked for me - I got nothing else hun uk.answers.yahoo.com/ question/ index;_ylt= AuIhojZTO.oQNzeETZasKBogBgx.?qid= 20070813173011AAK0lFG &show= 7#profile-info-NaYk4T6Yaa

Posted by: B M on 2007-08-13, 17:52:14

I see you're using the pounds or euro's? Well, here we have debt consolidation. They take over the credit cards and make arrangements with them. You pay the debt consolidation company. They get the credit card ppl to lower their interest rates dramatically and you end up saving hundreds a month.

Posted by: cappy on 2007-08-13, 17:52:21

Best thing to do is call them and be bruttaly honest and explain your situation. They most likely reduce your payment (yea) but bump up you interest charge (boo). Dont let this problem fester, get on the phone and talk with them, they dont bite.

Posted by: claimbankchargesback on 2007-08-14, 01:51:40

Ring up the lenders and talk to them, say you are willing to keep on paying, but would they be able to freeze the interest. This is at their discression, but they normally do this in this situation as they would rather get the balance paid off rather than losing money if you go under. Also talk to your local CAB, and they can advise you further on how to deal with your debts and get things sorted.