What to do, if you cannot pay-off your Credit Cards debts? just let it be?

What is going to happen to us?!! Are they going to leave us alone - Is it wise to just leave at this 閳?we have tried to contact the creditors to explain but no use. We have been asking for financial help but no one wants to guide us, the minute they find out we have no minimum payment to make. My family and I are going through extreme hardship (unable to disclose details). And we absolutely cannot do anything anytime soon. What about these debts!! we love to pay them of but our hands are so tight. If we don閳ユ獩 file for chapter 13.. what else can we do? and if, so what is it they going to do to us? Please %26quot;true information only%26quot;.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

You should pay $5.00 a month on each bill so they don%26#039;t take you to court. When you can step up to the plate then pay them off. Do away with the credit cards. They are nothing but problems. Learn while you are young, credit cards are not the answer. If you don%26#039;t have the money in your pocket to buy the items what makes you think you will have the money later. Now.... try and pay these off when you get your tax returns, assuming you will get a tax return. Don%26#039;t spend that extra money on anything else! Having good credit is not easy. You must try and have an emergency fund that can last for at least 3 months in case you lose your job. Pay yourself first! Put 1/4 of your paycheck into a savings account possibly with INGDIRECT.COM, their savings account is almost 5%, better than any bank in your town! Good luck...it%26#039;s not easy but it can be done. The creditors will continue to call, but you don%26#039;t have to answer the phone. Change your number if it is unbearable. It is their job to harrass you to make you feel horrible. Let them send you letters instead. Just keep making minimal payments until you can pay it off. The interest rate will hurt you, but until you can pay it off you have not choice. If you stop paying on the bill, your credit will plummet to the lowest credit score so don%26#039;t do that because it is hard to build it up again.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

Thanks for the best answer. I can always use the points! You are so welcome.....Good Luck! Report It

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

Read a book called Automatic Millionaire by David Bach. You will love this book and it will really set your mind on how to put money aside. When I read it ....it really made me realize just how bad I was with money. It changed my life, my credit, and my bank account. Report It

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

Go to a lawyer. Ask about chapter 7 bankruptcy. Sorry for your troubles.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

If you just ignore them, they do not go away. They will continue to call you, they will go to collection agencies, and they can even go to court and get your wages garnished. You need to find every possible thing in your finances that can be eliminated (cable TV, costly cell phones, etc) and then use that money to at least pay something towards your credit cards. If you can get rid of them, your life will be much easier because the interest on those kill your finances, and make it hard to get ahead later.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

I had some trouble with this myself, not just credit cards either. I went to a program called CCC, they negotiate with your creditors and get a lower or possibly 0% interest rate for your credit cards, combine all your bills, and then you pay a set amount every other week. There%26#039;s no way to pay off debt like that ya know? Unless you come into some money. So this way, CCC, you get A LOT more accomplished in a short amount of time and your bill collectors stop bugging you. You should check it out.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

you could try some sort of credit counseling service or consolidation service but sounds like your options might be limited to bankruptcy - try looking in your area for free to the public legal advise...

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

Credit Card companies are *** holes

File chapter 13

Or consolidate your cards

They will haunt you til your dead

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

I understand where you are. Do you eat or pay the CC bills? Of course you are going to go with the survival items when it comes to paying bills. But by ignoring them you will lose many points on your FICO. What I do is let a debt get old. Once it is good and old and they don%26#039;t think they are going to get anything from you then you can settle the account. I have payed less then 50% of a debt by settling. But cancel all the cards ASAP. Otherwise the late charges will keep racking up. And then follow up to ensure that they did indeed cancel the accounts. I did not follow up once and they slammed me with b.s. fees.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

Contacting the creditors themselves isn%26#039;t a good idea. Get a hold of Consumer Credit Counseling (CCC), look them up on the Internet and they can help you out. Creditors are not in the business of negotiating with you and don%26#039;t really care to be helpful even if it means getting their money someday (key word is someday--they always want it now). Strongly urge you contact either CCC or some other 3rd party credit counselor for help.

What to do, if you cannot pay-off your Credit Cards debts? just let it be?

I know you said that you%26#039;ve been asking for financial help already, so this might not be a solution if you%26#039;ve already looked into it. However, if you haven%26#039;t, please do. Try going to a local Consumer Credit Counseling Services office. They are located nation-wide and they help you to deal with your creditors and set up monthly payments. They will also talk to your creditors and try to get the interest that you are paying reduced. There was a point in my life where I had a ton of bills that I could no longer pay, so I went to CCCS and they really helped me out. I%26#039;m still not entirely debt-free, but I%26#039;m a lot closer to it than I was two years ago, and I really recommend this service. If you want to know more you are welcome to email me.