Debt Problems

I owe to 4 different credit card. I have no money. How can i solve my debt problems?

Public Comments

1. Embezzle from your grocery money.
2. Reinvent yourself!
3. Apply for a loan to cover all of your credit card debt.
4. get a job. Transfer the balance to one card and keep doing that (from card to card to card) until you have money to start paying down the balance.
5. transfer all the balances to one and pay only the minimum due........but I wouldn't suggest doing this for long because it will take you years to pay off with all those finance charges!!
6. There are a few ways to do this but you are best off taking advice from your local citizens advice bureau (CAB).
7. Apply for 4 more and rotate the money..
8. either call a debt consolidation place or stop applying for credit cards and pay those you have off one at a time.
9. Get a job and start living within your means. If you can't pay cash for it don't get it. Hope you already own a house as it sounds like you are completly runing your credit and chances of home ownership now.
10. do a runner and move
11. Call them and ask for help in paying off your debts. Tear up the credit cards. Resolve to cut your spending now (what can you give up that you really don't need) and do whatever you can to pay off your debts. It will not be easy, but you can do it. Good luck.
12. depending on how much u owe u could do a iva but thats if u owe loads or bankrupt or get a loan 2 pay the cards then burn them....... Loan bein the best as it doesnt harm ur credit rating
13. get a job!
14. Take out one of those 0% for 6 month and 0% on balance transfer plans. Transfer all money onto there. Then pay off as much as poss over the 6 months (interest free). Cut up all credit cards (including the new one - so you don't use it)
15. go bankrupt i did yesterday.It costs £475 tho but you won't have to pay back any of the cards
16. have you contacted the credit card companies to make some sort of repayment plan or next best thing to do is make a appointment with citizen advice bureau and they will help you sort out you finances and get in touch with the people you owe money to and try and make arangements with them to pay it all off
17. consolidate your debts. do it yourself tho. either get one interest free card to cover all amounts and transfer your outstanding debts to it or call each company and tell them you cannot afford to pay. They will come up with special measures if you can prove to them you have no money to pay. However, you do have to pay the majority of your debt but it may be at a reduced interest rate over a long period. In the meantime you have to learn to live frugally. Is the only way. And actually quite life affirming once you get used to it. Not that i am much good at it myself!!
18. That is way too vague to answer. The questions are how much do you owe, are they all current, are they in collections, are they not current but not in collections yet, how much interest are they gaining every month, do you have a job, after your essential bills are paid (rent, car, groceries) how much money do you have left, what other bills do you owe in addition to the credit cards? I'm sure I can find something that could work for you. You know, if the credit cards are already in collections pay $10/month on them until you can afford to pay more. That's the only good thing about collections, there is no minimum payment and although your balance might increase with fees, you are still in good account history. If you can't afford $10/month per card, I guess they never should have given you the card in the first place. Get a job or two.
19. Contact your local Citizens Advice Bureau. They will be able to advise you taking into account all your circumstances. There are several options open to you, declaring Bankruptcy, consolidating your loans contacting the Credit Card Companies to arrange affordable repayments etc. But without full details of your circumstances no one here can give accurate advice. The CAB will know what questions to ask you and will be able to help you draft letters to your credit card companies.
20. Credit cards are often called Debit cards for the simple reason that, as soon as you start using them you are in debt. 1. Pay off the least owed first. 2. Contact the card company and explain your problem, most card companies are reasonably understanding when it comes to loss of work etc. 3. As you pay up each card, tear them up so you can't get back into the same rut.
21. Contact them all and tell them you cant pay. Let them worry about it . They were daft enough to lend you the money in the first place.
22. Well you could start by earning and spending your own money, not someone elses. Then try living within your means. Oh and a credit card isn't often called a debit card,.......a debit card, is called,...a debit card lol. They are not the same thing at all.