Most of the bill was run up when I was married but in my name I am in the UK and wonder if any one can advise of any way I can get the debt down. I am not particulaly bothered about my Credit rating as they always improve over time. CAB ar at max capacity and are not offering any further help to people
2007-01-04 00:24:15 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Hi, a great site that offers help is http://forums.moneysavingexpert.com/forumdisplay.html?f=76
It's by Martin Lewis who's on GMTV every Wednesday -the forum on that site offers great help/tips
2007-01-04 00:38:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Can't answer in depth without knowing your whole circumstances. But I will tell you this--because credit cards carry such large interest rates, make paying them off as quickly as possible a priority. You might even look into getting a loan elsewhere and paying off the card. Interest rates at a bank, an insurance policy or a credit union will probably be less than what you're paying on your credit card.
The best of luck to you.
2007-01-04 00:40:22 · answer #2 · answered by Patricia S 6 · 0⤊ 0⤋
Always pay more than the minimum payment. Thats the only way to get your credit card bill to shrink a bit. Also look into contacting a credit card debt consolidation company if your interest rates are too high. Less than 20% is considered a good interest rate.
2007-01-04 00:28:00 · answer #3 · answered by tlyle420 1 · 0⤊ 0⤋
Hang in there bud, there is always a light at the end of the tunnel, concentrate on the debt, give yourself a tight couple of months with every spare ( I use the tern loosely) bit of cash going towards the debt, get some extra work if you can, but also if the debt was acquired whilst you were married, your ex should have some responsibility towards it, it was a joint marital debt, all the best of luck, think positive.
2007-01-04 01:08:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you still have a credit rating, and/or access to alternative funding you could reduce the total amount you would repay, and also your monthly repayments by finding a loan with a considerably lower interest rate to cover the total amount. If you have a mortgage, consider extending that. However, the repayments may be low but the total amount you pay back may be larger depending on the term of the increased amount.
2007-01-04 00:42:12 · answer #5 · answered by dawn 3 · 0⤊ 0⤋
Pay off the higher interest rate cards first. Try to do balance transfers if you have a lower interest on a particular card so that you can pay off the one with higher interest. Try to call the credit card companies and ask them to lower the interest rates if you feel they are exorbitant.
2007-01-04 00:34:42 · answer #6 · answered by pavan 1 · 1⤊ 0⤋
Get your debt down by cutting your current expenses first, and using the saving to pay off debt. A second job with all income used to pay off the debt would go faster...and if you are working, you aren't spending.
2007-01-04 00:26:22 · answer #7 · answered by kingstubborn 6 · 1⤊ 0⤋
STOP further credits
STOP unnecessary spending.
just concentrate in paying off. you'll tide over one day.
Good Luck.
2007-01-04 00:29:07 · answer #8 · answered by nemo 1 · 0⤊ 0⤋
Contact baines and ernst number on google
2007-01-04 00:26:28 · answer #9 · answered by Anonymous · 0⤊ 1⤋
chris you must look at this site;
http://www.moneysavingexpert.com
martin lewis also has a slot on radio 2 now and then!
good luck...
2007-01-04 00:40:41 · answer #10 · answered by rompa_stompauk 2 · 0⤊ 0⤋