Credit card debt

southport

Can anyone help me I dont ahve a life I am purely existing. I cannot afford to pay the minimum payment to my credit cards so I have sent the letter from this webpage stating I can only afford so much a month but still I am being hounded by phone calls and letters stating I have not paid my minimum balance and to pay the outstanding balance immeditaley. What can they do next as I cannot cope with all this

turn_over_a_new_leaf

I am so sorry that they are giving you such a hard time! Don't worry you will get some good advice on here. I wish I could be more help but I just wanted to leave a message for you.

yorkshire-lad

Can you post up some more details about your debt? Credit card balances,min payments,your monthly income etc.
There is a sticky at the top of this forum for a SOA calculator which would be helpful if you can fill that in.

It may also be worth giving CCCS a call too, a free debt charity which can advise you.

Oregon

Hi there

Sorry you're having a bad time with it but a lot of people on here have had success with negotiating small payments to creds so keep your chin up x

Tixy

Hi southport

Have you been in touch with any of the debt charities yet?

When you sent the letter to your creditors did you include an income & expenditure account or just an offer of payment?

Some letters are inevitable, and some they are required to send legally (such as default notices before they put a default on your credit file).
But you can send a template letter to request that they stop calling you and for all communication to be in writing.

It would probably be useful if you can complete the statement of affairs and post on here so people can best advise you on a way forward long term - http://www.makesenseofcards.com/soacalc.html