Advice on 'Offer of payment' on credit card needed

twists_and_turns

Hi,

I've got an outstanding balance of almost £10,000 on one of my Credit Cards at the moment ... it's got to a point where I'm paying £150 a month in interest, with a minimum repayment of £200 a month and i am no longer in a position where I can afford to keep up the minimum repayments.

I've been looking at several options

Does anyone know if I can make an 'offer of repayment', say £50 a month and have the interest frozen ... I rang up the Credit Card company some months ago about this and they seemed to imply that I would have to default (ie not pay on time) before I could make an offer of payment. Does any know if this is true?

Any advice on this greatly appreciated. Thanks

dmg24

Doing this will seriously mess up your credit file.

You will be best to post on Debtfree Wanabee for advice on your situation x