My parents are retired in late 60's on an old age pension as their only income. They had a business that failed a few years back. As a result they ran up a lot of debt on their credit cards paying off creditors and surviving with no income for a period as they didn't declare bankruptcy.
They now still owe €25k on their credit cards and are paying off €900pm from an OAP. This is a real struggle for them and they cant continue.
What is their best option to get this debt renogotiated?
They now still owe €25k on their credit cards and are paying off €900pm from an OAP. This is a real struggle for them and they cant continue.
What is their best option to get this debt renogotiated?