credit card debt

[Deleted User]

hi folks,really struggling paying my credit card debt at the moment.....phoned national debtline and they recommended going down the das i.e dmp route,i was just wondering if anyone has tried phoning a credit card company (mainly halifaxone or mbna) and got anywhere
asking them to reduce your interest rate or payment.
trying so hard to stay afloat........

[Deleted User]

forgot to add, i owe about £24000 between the two of them both around 20% apr..... murder.

Billy_two_speakers

is that 24k or £2,400 ?

[Deleted User]

Billy_two_speakers wrote: »

is that 24k or £2,400 ?

£24k........!

Hiddenidenity

Hello firstly I recommend posting your SOA so people can help on where to cut back etc

http://www.makesenseofcards.com/soacalc.html

[Deleted User]

Hiddenidenity wrote: »

Hello firstly I recommend posting your SOA so people can help on where to cut back etc

http://www.makesenseofcards.com/soacalc.html

thanks for that,really i was just wondering about the cards and if they would reduce it if a said i will have to go on a dmp if they dont,just wondering what their reaction would be and if my credit rating would be shot for even suggesting they cut it.
i really have cut back everything as far as i can.....

Hiddenidenity

obanite wrote: »

thanks for that,really i was just wondering about the cards and if they would reduce it if a said i will have to go on a dmp if they dont,just wondering what their reaction would be and if my credit rating would be shot for even suggesting they cut it.
i really have cut back everything as far as i can.....

I doubt they would reduce it tbh its worth calling and asking? A dmp will damage your credit rating for 6 years, but if you really cant cut anything else and still cant afford the payments I recommend using one of the debt charities and giving them a call for advice

Hope it all works out good for you