Credit Card Debt - making an offer to pay in full

Cuba10

I have got 2 credit cards - both balances are just above £6000. I am starting to struggle to make repayments, just paying a little more than the minimum amount. This is because I have had to take a pay cut and have had all my overtime cancelled. My family have offered to lend me £10,000 to split between these two cards and to try to make a full and final settlement on them.
Will I be able to make an offer to my credit card companies even though I have not yet defaulted??
The offers would be easily more than 80% of the outstanding balance. I just dont want to get into arrears which I'm certain I will do as my entire wage is now being taken up by these debts and my other living costs - I'm just managing now but I emphasise 'just'.
Any comments or other suggestions gratefully received because I am desperately trying to work this out before I get into serious trouble with this. Thanks so very much.

YorkshireBoy

If you can meet the minimum payments now, just invest the £10K gift and the interest earned over x years will make up the £2K shortfall.

Or use some of the £10K offered to supplement your income until such time as your overtime returns or you find better paid work.

The second option would be cheaper for your family, so everyone's a winner...you pay your dues, the card companies get their money, and the family get to keep some of their hard earned cash for themselves.

daily_2

Use the 10k to pay off 10k of debt (clear the highest apr card), and then continue to pay off what you can afford off the remaining 2k, until it's gone. Then pay back family when you can.

PNPSUKNET

The rate that you will get in intrest is bad, so just pay the debt off eaiser and cheaper