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12 k amex debt...but cant get a balance transfer card
needhelp35
Posts: 3 Newbie
i have a 12k amex balance but cant get any balance transfer cards....i pay the minimum payment each month..can yanyone help please?
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Comments
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Could you increase your income and/or reduce your outgoings perhaps? Not being able to get a balance transfer card may seem like a problem but in fact it's probably a good thing as it will prevent you from racking up an even larger debt.1
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its hard ......i pay the minimum payment...500 a month...cant get apay increase...and my rent is 650 a month...not sure what do do?0
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https://www.stepchange.org/needhelp35 said:its hard ......i pay the minimum payment...500 a month...cant get apay increase...and my rent is 650 a month...not sure what do do?
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Well there`s lots you can do, dependant on your situation, your choices range from debt management, all the way up to bankruptcy.
Your circumstances will dictate which option is best for you, could be you just need to budget better, or possibly debt management may be the way to go.
Is the Amex debt your only debt ???I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Hi
It's easier to advise you if you explain the full situation, so we know how your debt relates to your assets, income and other liabilities.
if you complete the Statement of Affairs below and format it for MSE, it would help.
https://www.lemonfool.co.uk/financecalculators/soa.php
Take a little time to go through your bank statements to work out where the money is going and check the APRs on any other debtsIf you've have not made a mistake, you've made nothing0
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