Unemployed and owe on credit cards :( Help please

Minime123

Hi I am a single parents and have been unemployed for about 6 months. I owe quite a bit on credit cards and I am really struggling to pay it off each month although I am. Im very lucky in one hand as I do live with my parents and they are a great support. I still pay board and all my bills. I havent a clue what to. I can only pay the minimun each month with means the amount that I owe is getting higher. I would change credit cards but with been unemployed I would just get turned down. As Im struggling to get a job and HATE been on job seekers!! IN a few weeks im going to set up my own business from home so fingers crossed I should get a bit more income. But Im getting really worried I feel like I cant get out of this mess

opinions4u

Hi and welcome to MSE.

And well done on posting.

The best place for help is probably the Debt-free Wannabe part of the forum. Lots of friendly help there.

So I'd repost over there and complete a Statement of Affairs (SOA) at www.makesenseofcards.co.uk.

That will help you see what spending you do and to prioritise bills.

I still pay board and all my bills.

This is great. Try and keep it this way.

I havent a clue what to. I can only pay the minimun each month with means the amount that I owe is getting higher.

Are you spending on the cards still? Do you have PPI on the cards? What other charges are going through each month?

A hint that doesn't solve your problem is to pay £1 more than the minimum payment. This reduces the risk of rate rises and looks better on your credit file should you need credit in the future.

I would change credit cards but with been unemployed I would just get turned down. IN a few weeks im going to set up my own business from home so fingers crossed I should get a bit more income. But Im getting really worried I feel like I cant get out of this mess

You will struggle to get a new card, but the same will also be true if you're self employed as well. So in a perfect world you want to continue maintaining your existing cards the best you can.

Get over to DFW and take it from there.

BugsyBrowne

Minime123 wrote: »

Hi I am a single parents and have been unemployed for about 6 months. I owe quite a bit on credit cards and I am really struggling to pay it off each month although I am. Im very lucky in one hand as I do live with my parents and they are a great support. I still pay board and all my bills. I havent a clue what to. I can only pay the minimun each month with means the amount that I owe is getting higher. I would change credit cards but with been unemployed I would just get turned down. As Im struggling to get a job and HATE been on job seekers!! IN a few weeks im going to set up my own business from home so fingers crossed I should get a bit more income. But Im getting really worried I feel like I cant get out of this mess

Keep paying the minimum until you get a job, is your buisness at home going to be a guaranteed success where you know your cards will payed off quicker.
Anyway that you can throw a few figures at the forum with your total debt!!

imasmartie22_2

i think you should try with keeping up the payments, but thats not easy. i think if you go onto the debit section on the boards somone will point in the right direction of what help is around and how to obtain it:j
not a lot of help but someone will advise you.;)

Minime123

Hi thank you so much for replying to me so fast. That is a good idea on just addig another £1 to do it I did have PPI but the thing is that I was working then I went to uni which I was on a bursery and unfortunity I was withdrawn over failing one of my essays Any way I phoned up my credit card company and told them the situation and they said that my PPI does not cover if you finished uni only working. which I should of known that but I was going through quite a lot at the time and it didnt think about it. But Iv cancelled it now as there were no point paying it out.

Thanks

Minime123

Minime123

star-fire wrote: »

Keep paying the minimum until you get a job, is your buisness at home going to be a guaranteed success where you know your cards will payed off quicker.
Anyway that you can throw a few figures at the forum with your total debt!!

Hi Thanks for your comment Well the jobseekers have got a new scheme when you have been on jobseekers for a min of 6 months and for the first so many weeks you still get the same ammount of money plus what ever you earn and you get a business mentor. Im a fully trained beauty therapist and I feel that I will do well at this. I hate that the fact the im not working and bringing in my own income so this is the only way. And to be honest I do like the idea of working for my self and I love doing beauty. Its just this dark cload hanging over me and I just dont know where do go. I just want to get it sorted.

Thanks

Minime123

Minime123

star-fire wrote: »

Keep paying the minimum until you get a job, is your buisness at home going to be a guaranteed success where you know your cards will payed off quicker.
Anyway that you can throw a few figures at the forum with your total debt!!

imasmartie22 wrote: »

i think you should try with keeping up the payments, but thats not easy. i think if you go onto the debit section on the boards somone will point in the right direction of what help is around and how to obtain it:j
not a lot of help but someone will advise you.;)

Hi Thanks for you comment Ill will try that :beer:
Thanks

Minime123

opinions4u

Minime123 wrote: »

Hi thank you so much for replying to me so fast. That is a good idea on just addig another £1 to do it I did have PPI but the thing is that I was working then I went to uni which I was on a bursery and unfortunity I was withdrawn over failing one of my essays Any way I phoned up my credit card company and told them the situation and they said that my PPI does not cover if you finished uni only working. which I should of known that but I was going through quite a lot at the time and it didnt think about it. But Iv cancelled it now as there were no point paying it out.

Thanks

Minime123

Head over to the Reclaiming section of the forum too. See if you could get your PPI premiums back.