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Showing results for tags 'crippling'.
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Hi, My partner has got herself into 9k's worth of debt with a credit card company. She kept it secret for years and has been paying £300-£350 minimum amount per month, but the interest keeps coming and she's missed payments because of other debts and outgoings. We don't have any joint savings to throw at it, I'm disabled and not working and we have a child of 4. She works full time. I'm not sure what further details are required, so please let me know and I'll add them. I would really appreciate some guidance as to what our options are. My first thought was to get a consolidation loan to bring down the payments to manageable levels, but I doubt she'd be able to get a loan because of the missed payments. CC firm don't seem interested in helping and the interest is mounting up. She hasn't spent anything on the card for many months since she first defaulted. Thank you. P.S. apologies if this is in the wrong section. -
Hi, A quick heads up on my dilemma.. .similar to another post . I currently have 2 accounts with Barclaycard totaling nearly 7k my £180 monthly payments are the most i can pay.. .The debt does not decrease though as it gets swallowed by interest payments. My credit rating is very poor and i cannot get any which is a good thing as it stops future debt. I have contacted them regarding this and although they said they would freeze repayments for a month whilst i send them a expenses form. ..I do not want to stop paying the debt its the interest that i dont want to pay.. .I have even told them i will just stop paying because of my credit rating. I have just had a letter though charging me late payment fee and overlimit fee and the bill is for 2 months repayment. ..it totals £160 just for 1 account.. .I need advise please as they say if i do not return the expenses form by 25th feb then they will revert back to charging interest
