just above water

terminus6969

hi all

i have a good salary but basically my outgoings equal my salary. i've been robbing peter to pay paul for some time. usual stuff consolidation loan then keep spending on the credit cards etc

can i reduce my credit card and loan payments at all without the banks worrying and my credit report suffering

i just need some short-term time

any ideas
thanks

rich

Emmzi

do any of your loans offer a repayment holiday?

if not, then
- reducing loan payments and
- paying less than minimum on credit cards
WILL wreck your credit rating.

postingalwaysposting

rich, are you paying the minamum payment towards your debts? (ie loan/credit card) if you are and you reduce the payments you may get phone calls, letters for payments, and i am not sure any of us would like that too happen. Also it will effect your credit rating.

Can you add your statement of affairs (soa) here, see ss sticky http://forums.moneysavingexpert.com/showthread.html?t=107280. That way we can advise more, if you are overspending on utilities/food/car/general spends we can home that in as well as looking at shifting your debts onto life of balance cards (lob) or some 0% deals...

you arnt alone and we are here to help

Karmacat

Just confirming what Posting Always Posting has said above - follow the link in her post to get your details onto this thread so that we can help you - we have ways of helping, you know! Ways that you probably haven't thought of. A lot of people on here are very savvy.

Good luck. Don't worry about getting all the information at once either, do as much as you can and then post, and you can always put more detail in later. We'll say when we need more (APRs and stuff).