help please

popado

hi there
wondering if you could help,credit card interest repayments is eating our minimum repayments up and the credit limit is getting out of control so much so,me and my wife argue all the time, it's getting us down. any idea's

Lloyd's TSB credit card £15.575
minimum repayments £312
interest repayments £253

dig4victory

Obviously I don't know your financial situation but my first advice is to contact the National Debtline. They have been really helpful to us with practical advice.

We contacted our four card creditors, requesting a freezing of interest and admin charges and offering a reduced payment for a period of so many months. All but MBNA have been co-operative. You will need to fill in a financial budget sheet to send them for this.

If you get the Debtline information pack sent to you, I'm sure it will help you. Advice plus sample example letters to send creditors etc.
All types of debt and problems covered in the info.

Good luck.

We are still paying off the stuff but feel much more pro-active about the situation.

ILW

popado wrote: »

hi there
wondering if you could help,credit card interest repayments is eating our minimum repayments up and the credit limit is getting out of control so much so,me and my wife argue all the time, it's getting us down. any idea's

Lloyd's TSB credit card £15.575
minimum repayments £312
interest repayments £253

Do not know about your incomings and outgoings, but can you pay more than minimum payments?

popado

hi there
thanks for the advice
ILW
not really as money is tight on income support and my wife gets DLA which all goes off paying the cerdit card the wife would kill me if she knew i was on here but i got no one to turn too

CannyJock

Try the Debt-Free Wannabe forum, more people in similiar situations there, you'll get better quality support and advice.