struggling to pay even minimum payments?

mark_steps

Been struggling to even pay minimum payments.Taking money out one account to pay another and simply it cant continue. is it worth calling up the card companies and explaining this? what will they do/can they do?

lisyloo

Have you done a list of your outgoings/incomings?
Been over the the debt free wannabe board?

I think they are quite helpful and not judgemental over there.

mark_steps

yeah and although im over spending i have taking action already.
No longer shop in tesco and spend a fortune. Limit of £15 per week for my food (farmfoods and lidl) cancelled sky, asked to leave virgin as cant afford it (they gave me phone and internet for £15 cheaper...the rest of the outgoings are electric,gas,car tax, tv license, mortgage, 2 loans, credit cards, store cards petrol

Tixy

So after the cut backs you have mande can you now meet minimum payments? If not you may need to consider a debt management plan or similar course of action - either contact one of the debt charities https://forums.moneysavingexpert.com/discussion/2077631 or post for further advice on the DFW board.

Your creditors are not likely to help much over the phone, but if you sort out a DMP and write to them (or the charities write on your behalf) you should be able to pay lower payments (allbeit at the expense of your credit rating).