Credit Card Debt writeoff ?

[michaelg]

Is it possible to negotiate a credit card debt write off ?

I owe about 1200 euros to a credit card company but i am also facing repossession and have mortgage arrears of around 40,000 on a 210,000 mortgage.

I am on low income and cannot afford to pay my card or my mortgage in full.

If i write to the credit card institution explaining my situation is there a chance they might write off my debt ?

 

[Brendan Burgess]

If you can't pay your credit card, there isn't that much that the CC company can do or will do about it other than ring you.

But if you are facing repossession, the CC is the least of your worries, and so you should worry about your home first and sort out the CC later.

I suggest you complete the following:

Information required for mortgage arrears and negative equity questions

 

[Gerry Canning]

michaelg.

Brendan is so correct.
The 1200 is not worth real chasing by CC company.
.................................................................
The MORTGAGE is your issue.
If you can pay interest ie circa 700 per month you will buy time and find a resolution. Lenders are not inclined to push very hard if genuine and realistic payments are made.
Do not be frightened into paying any other arrears etc other than your mortgage.
If you take time and full out Brendans Information required , you will get some good advice and may indeed see a solution.
But we need info ,please.
If you can not @ least cover interest ,your situation gets worse.