Cant Afford To Pay My Credit Card

Question

Me and my g/f both have a credit card with Barclays and have been cool with them and money has been good. Recently I lost my job and my g/f has started her maternity leave and so now our money has dropped alot and I know we cant afford to pay our credit cards, paying the minium payment on them is gonna take forever to pay off but I cant afford anything else. Could we get the intrest stopped on them and just pay the balance? I only owe £250 and my g/f's is £1000 so not major debt but still debt at that. We cant swap the balance else where (tried www.moneysupermarket.com) I guess our credit is so bad thats why. Any idea's whats best to do. d**n cards eh, we all have them and then fall behind etc.

Answer 1

Go and speak with Barclays see if you can temporarily suspend some of the payment, yes you are right they are evil things that should never be used. Says she with a whopping bill!!

Answer 2

You cannot suspend interest accruing until your debt is paid off. Bad timing on losing your job at the same time your girlfriend went on maternity leave. Good luck.  

Answer 3

I sympathize with your situation completely. My husband and I stupidly ran up my credit cards just after we got married. Then 7 months later I was pregnant with twins. I had many complications from the beginning and had to quit. Then he broke his foot and couldn't work either (he was a subcontractor so no insurance and no temporary disability) We let the credit cards get further and further behind until we just couldn't do it any more. It's been a few years but now I will be debt free by the end of the month and then on the first of Sept, begin building my home!

My advice is to first call the company and see if there is anything they can do to work with you. All they can do is say no right? And remember, paying your credit comes last. Pay your living and transportation expenses first. There is no sense in paying a credit card and being evicted or starving for a week to avoid being reported to a credit bureau. If you can pay the minimums and still survive then do. If you can pay more than the minimums go ahead but until you get a job, just try to keep your head above water and remember it is not the end of the world if you absolutely cannot pay that bill. Yes it will hurt you but you will overcome it. Good luck and congratulations on the baby. Think positive thoughts you will get through this!

Answer 4

There are CC out there where you can do balance transfers which will usually give you no interest for up to a year.  That may be worth looking into.  Also  I know several mothers out there and Mothers to be who make money online by completing free offers. You should get them to check out http://www.freecashmoneygifts.com.  I know several mother make from 50$ - 150$ each month without paying a cent.  

Answer 5

You must make the minimum payment, you will be charged a high rate of interest on the balance

you better stop spending ALL NON CRITICAL purchases until your debt is paid.

And don't use the card until it is paid in full.