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What lump sum payments will credit card companies accept?

danielfulshaw · 2009-01-10 19:28:23

Hi I have £ 25, 400 worth of credit card debts...however I've been fortunate to just get a one-off payment of £ 6, 300! I want to use it pay off some of my credit cards. However, it's unlikely after this bit of good news that my situation is going to get better as I care for a disabled family member, am now ill myself and…

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stapeley Posts: 2,315 Forumite

12 January 2009 at 12:59PM

hi and welcome . If you don,t own your house and you think things are going to get worse for you , Bankruptcy could be your best option . It costs around £750 I think ,and you may be able to find a solicitor that will give you a free 1/2hr consultation . I personally would hold on to the money (in cash ) you may well need it for a rainy day .

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What lump sum payments will credit card companies accept?

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