With an outstanding of 25K the customer service agent told me to pay some money per month. Over last 5 months I ve paid alreday 10K and instead of being (35-10K=25K) my Balance is coming upto 55K!! Help...Advise..
2006-09-08 21:40:45 · 18 answers · asked by Atti 1 in Business & Finance ➔ Credit
Hmmm, i only can only advise that you better be prepared as you will be filed for bankruptcy very, very, very soon...
2006-09-08 21:48:20 · answer #1 · answered by BlueCrush 2 · 0⤊ 0⤋
Nearly in the same boat myself except double what you owe to card companies. They kind of sneak up on you. Card companies have raised minimun payment over the last few months and now there isn't enough money to go around. Call each company and explain situation. Most of the time they will put you on temporary program about 3 months and you must pay low amount and they will lower interest for this time. This will save your credit rating. You may have waited too long for advice? It doesn't hurt to call, most companies will work with you if you are up front with your situation. Good luck to you and all the rest of us that spend more than we have.
2006-09-09 10:16:27 · answer #2 · answered by Chuck C 4 · 0⤊ 0⤋
Very simple follow this
get another credit card
pay with the new card the bill of old card ok
then when u have to pay 2 new card
get another credit card
then when u have 2 pay 2 another credit card
get a 3rd credit card.
simple yaar
2006-09-09 04:51:07 · answer #3 · answered by VIKRAM 3 · 0⤊ 0⤋
Go to citzens advice and see if you can negotiate a lower rate, plus cut your cards up so you don't use them. Bankrupcy may be a desperate choice, but could have major implications if you ever want to buy a house or need loans in the future.
2006-09-09 04:45:29 · answer #4 · answered by Breeze 5 · 0⤊ 0⤋
This is too much. In the US it is yearly expenditure of an average minus family. I didnt make this much last year. You should be careful while spending, of course next time, if you get over this.
Please publish your bank account number so that everybody could donate $10.00 It might help.
2006-09-09 04:44:31 · answer #5 · answered by x_squared 4 · 0⤊ 0⤋
What I want to know is: if you have been jobless for 5 months, how have you paid off 10K in that time frame?
2006-09-09 04:42:53 · answer #6 · answered by teeniey37 4 · 2⤊ 0⤋
I think that you should just find a job. No one in there right mind would stay unemployed for months. Even if you had to get a fast food job that is better than nothing.
2006-09-09 11:48:05 · answer #7 · answered by kay kay 1 · 0⤊ 0⤋
Write to them and explain your situation ask them too stop the interest, if they don't go to citizens advice, it costs nothing and they should be able to stop it. They have solicitors that give their time freely. I am assuming that you are in the UK. If not do you have anything similar to citizens advice where you live?. Lots of luck.
2006-09-09 04:52:52 · answer #8 · answered by Lyn I 5 · 0⤊ 0⤋
pay as much as you can or if you have to get the consladating companies to help you but becareful with those bc they can rip you off leas thats what my mom said ne way. but i would just pay as much as you can and hurry up and get a job fast.
Good luck
2006-09-09 04:43:29 · answer #9 · answered by knowssignlanguage 6 · 0⤊ 0⤋
I am not sure how you managed to do that
but here are some links which seem to help people in debt:
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!
2006-09-11 19:46:39 · answer #10 · answered by Anonymous · 1⤊ 0⤋