please help i owe amonts on 2 c/cards i canta fford to pay

curlyboy

hi all

I owe £1100 on egg card they called me and cancelled the card ?? i wasnt ware iof this but i need to pay the balance

I owe £900 on abbey card

both total = £80 a month

I really cant afford to pay them

with my re mortgage due in October as well

Can i come to an agreement with them both to pay only £10 a month ??

how will this effect my credit rating and score
it been excellent for years pay my mortage on time no ccj's or anything else

i really am struggling to pay off these 2 cards

also overdrawn on 2 bank account

£1400 on barclays ( interest is £18 )
£800 on halifax ( interest £19 )
i pay in a minimum a month to keep them off my back
i dont even use the accounts cause im overdraen on them

help please !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

itsnever2lateisit?

If egg have cancelled your card it seems your credit rating might already have taken a knock. Are you maintaining minimum payments on each?

Post up your SOA so the good folks here can point you in the direction of savings. Also check your credit file, if it is still in good nick then apply for a 0% Balance Transfer Card, at least it will stop interest accruing, and as the minimum payments will start to fall you may well stop the rot and start heading in the DFW direction

andan

Definately post up your SOA, as it sounds like you need to start making cuts in other areas or increase your income to sort some of this debt out. Posting up your SOA will allow fresh eyes to come up with some great ideas. Best of luck with it all.