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Help!!
MisterBumble23
Posts: 16 Forumite
in Credit cards
Hi Everyone, hope you are all well. I'm a newbie so apologies if this is not appropriate for the forum.
I'm stuck and need help/advice!
We have found ourselves in a difficult financial position and not sure how we are going to get out of it. Due to our credit card (x5) bills, interest applied at end of transfer offers and subsequent minimum payments, our outgoings are now almost the same as our current household income. Our credit card repayments currently amount to circa £700 p/m and transfer offers have dried up. I have been given some advice already to set up arrangements with each lender to repay the loan at what we can afford whilst freezing the interest. I am not sure if this exists and i assume this will have serious impact on our credit files.
Any advice would be greatly appreciated.
I'm stuck and need help/advice!
We have found ourselves in a difficult financial position and not sure how we are going to get out of it. Due to our credit card (x5) bills, interest applied at end of transfer offers and subsequent minimum payments, our outgoings are now almost the same as our current household income. Our credit card repayments currently amount to circa £700 p/m and transfer offers have dried up. I have been given some advice already to set up arrangements with each lender to repay the loan at what we can afford whilst freezing the interest. I am not sure if this exists and i assume this will have serious impact on our credit files.
Any advice would be greatly appreciated.
0
Comments
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Head for the DFW boards and post up a SoA.
They'll help you cut costs and reduce the debts faster.1 -
Thank you, I've copied my post into DFW, hope that's right!0
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