I have got myslf in a right mess due to ill health.
I now owe nearly £10,000 to credit card companies and i am really struggling to make the payments.
I want to pay this money back as i got myself into this mess.
But what help is there out there for me to manage these debts without declaring myself bankrupt.
2007-01-15 23:14:04 · 14 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
u can try transferring the balance to another credit card with 6 months' 0% interest to buy yourself some time. Get a job if u haven't already got one.
Martin Lewis is an expert on personal finances, visit his site at
http://www.moneysavingexpert.com
Once u have taken all the necessary steps, manage your expenditure. Get practical advice from http://www.zest4best.co.uk/finance.htm
u can also contact National Debtline on UK
Tel. 0808 808 4000 for FREE advice.
u sound like a responsible person so I'm sure u can sort this out within a year or so.
.
2007-01-16 00:30:30 · answer #1 · answered by Zenithia 3 · 0⤊ 0⤋
whatever you do don't panic - you need to either start a debt management plan on your own or get help from a company which deals with this. whatever you do chose one that will sort this out for free - like the cccs.
you don't need to declare yourself bankrupt - and don't get out a loan because if you can't pay the cards now you may find that you will get into the position of not being able to pay the loan back either.
go to the website i have listed below - there is a forum on there called debt-free wannabe - please have a look there - they have lots of information on how to get yourself out of debt and how to avoid getting into anymore
2007-01-16 14:49:10 · answer #2 · answered by MoonRose77 2 · 0⤊ 0⤋
Get yourself down to the citizens advice bureu and tell them your situation THEY CAN HELP.
Also you can ring your credit card companies and tell them your situation and hopfully you can come to some arrangement for paying it back.
FAILING THAT YOU MAY WANT TO CONSIDER AN IVA
GOOGLE IVA AND READ UP ON IT U MAY HAVE SEEN ADVERTS ON TELLY.
http://www.debtfreedirect.co.uk/
http://www.debtcounsellors.co.uk/
DONT JUST SIT THERE AND DO NOTHING ITS NOTHING THAT YOU CANNOT SORT OUT. THE QUICKER YOU DO THE BETTER.
GOOD LUCK I REALLY HOPE THIS HELPS YOU. KEEP YOUR CHIN UP OK PAL
2007-01-16 07:27:16 · answer #3 · answered by Dan E 2 · 0⤊ 0⤋
*Get one more credit card and pay all the other credit cards off with it so you will only have one payment.
*Put everything you own in someone else's name and declare bankruptcy.
*Throw away the credit cards and work it off.
*Go to the citizens advice bureau.
*Consult a Financial consultant.
*Get a second job.
*Get a loan.
2007-01-16 07:34:46 · answer #4 · answered by levibuy@sbcglobal.net 2 · 0⤊ 0⤋
put everything you own in your parents name and declare yourself bankrupt.
or get rid of the credit cards and work like crazy!
or get a loan
or go to the citizens advice bureau (recommended)
2007-01-16 07:20:24 · answer #5 · answered by ? 3 · 1⤊ 0⤋
go to citizens advice and they will tell your creditors exactly how much your going to pay each month (whatever suits you) and there isn't a damn thing your creditors can do about .
crazy but true .
2007-01-16 07:21:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you need to consolidate your debt as soon as possible before you end up in a real big mess
2007-01-16 08:07:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
call the c.c.c.s they have a website with their number on and they will help you arrange a payment plan
2007-01-16 07:21:56 · answer #8 · answered by Anonymous · 0⤊ 0⤋
get ya self to the cab and these will give you the advice that you need good luck.
2007-01-16 18:03:12 · answer #9 · answered by bigbaps 3 · 0⤊ 0⤋
Consult a Financial consultant as soon as possible! He/She definitely will have the solution to your problem.... You might pay for their service but it will be worth it!
2007-01-16 07:29:58 · answer #10 · answered by Behind Blue Eyes 3 · 0⤊ 2⤋