question category: Creditor Calls & Letters

has any one ever dealt with not being able to pay credit card debit what happens?
Submitted on: 22nd Jan 2009 by Non-Member | Total Answers: 1

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Not being able to repay your credit card debt

Like all debts, the first thing is not to ignore the letters and communicate with the companies you owe money in writing, explaining your position. Offer to pay a regular repayment of what you can afford, giving details of your income and expenditure. Also ask them to suspend interest and fees so you can stop getting further into debt. They may agree to this.

Also seek professional advice. You may find solutions like debt management give you the breathing space you need. Here's a link to organisations that can help. We can also recommend someone for you.

Submitted on: 22nd Jan 2009 by TA Member

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