I owe to 4 different credit card. I have no money. How can i solve my debt problems?

Answer 1

Contact your local Citizens Advice Bureau.

They will be able to advise you taking into account all your circumstances.

There are several options open to you, declaring Bankruptcy, consolidating your loans contacting the Credit Card Companies to arrange affordable repayments etc.

But without full details of your circumstances no one here can give accurate advice. The CAB will know what questions to ask you and will be able to help you draft letters to your credit card companies.

Answer 2

That is way too vague to answer. The questions are how much do you owe, are they all current, are they in collections, are they not current but not in collections yet, how much interest are they gaining every month, do you have a job, after your essential bills are paid (rent, car, groceries) how much money do you have left, what other bills do you owe in addition to the credit cards?

I'm sure I can find something that could work for you. You know, if the credit cards are already in collections pay $10/month on them until you can afford to pay more. That's the only good thing about collections, there is no minimum payment and although your balance might increase with fees, you are still in good account history. If you can't afford $10/month per card, I guess they never should have given you the card in the first place. Get a job or two.

Answer 3

Credit cards are often called Debit cards for the simple reason that, as soon as you start using them you are in debt.
1. Pay off the least owed first.
2. Contact the card company and explain your problem, most card companies are reasonably understanding when it comes to loss of work etc.
3. As you pay up each card, tear them up so you can't get back into the same rut.

Answer 4

$a million,750K? Do you recommend your debt is barely $a million,750 or that your debt is $a million,750,000? If the former, pay as a lot as you may to the cardboard with the maximum pastime cost & the minimun + $10 to different. once the first is paid, deliver all you may to the different. you'll have them both performed b/f you comprehend! both way, go away both playing cards & homestead in a locked field. once you attempt to pay them off it gained't make any experience to pile on more effective debt. in preserving jointly with your added notes, it appears like you especially responsible jointly with your $'s, so that you do not ought to decrease them up yet. (going 6 months w/o operating & purely gathering $a million,750 is rattling sturdy!). Cancell both of the playing cards if there is any annual fee. when you've them paid off, it is okay to have some playing cards (lower back see you later as there is not any annual fee), however the trick is this; under no circumstances EVER fee more effective than you will pay off in a unmarried month! it is large being waiting to apply different human beings's money for a jiffy (even as yours sits in an intrest bearing account), yet provided that you may avert rolling over the debt (causing you to pay pastime). utilising a mastercard in this way might want to be sensible construct your credit. in case you do owe $a million,750,000, decrease up both charge playing cards, & get to a credit counsiling provider at present!

Answer 5

Take out one of those 0% for 6 month and 0% on balance transfer plans.

Transfer all money onto there. Then pay off as much as poss over the 6 months (interest free).

Cut up all credit cards (including the new one - so you don't use it)

Answer 6

consolidate your debts. do it yourself tho. either get one interest free card to cover all amounts and transfer your outstanding debts to it or call each company and tell them you cannot afford to pay. They will come up with special measures if you can prove to them you have no money to pay.

However, you do have to pay the majority of your debt but it may be at a reduced interest rate over a long period. In the meantime you have to learn to live frugally. Is the only way. And actually quite life affirming once you get used to it. Not that i am much good at it myself!!

Answer 7

have you contacted the credit card companies to make some sort of repayment plan or next best thing to do is make a appointment with citizen advice bureau and they will help you sort out you finances and get in touch with the people you owe money to and try and make arangements with them to pay it all off

Answer 8

Apply for a loan to cover all of your credit card debt.

Answer 9

Well you could start by earning and spending your own money, not someone elses. Then try living within your means. Oh and a credit card isn't often called a debit card,.......a debit card, is called,...a debit card lol. They are not the same thing at all.

Answer 10

Call them and ask for help in paying off your debts.

Tear up the credit cards.

Resolve to cut your spending now (what can you give up that you really don't need) and do whatever you can to pay off your debts.

It will not be easy, but you can do it. Good luck.