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SMcD said:But! I owe E12,000 on my credit card, E8,500 of it due in a fortnight. Not pretty!
And then you should call MABSlff12 said:You need to call the CC company and discuss this with them immediately.
lff12 said:You need to call the CC company and discuss this with them immediately.
amck said:Hi
I was in a similar position and transferred the balance to another card which offered 0% interest for the 1st 6 months. We have since re-mortgaged (more to do with being very unhappy with current mortgage provider) but with the equity released we have cleared our outstanding bill and finished some projects in the house that needed doing. Now on a better rate for mortgage, debt free and projects completed. Worth looking into.
.I'm a year in to a mortgage with the Ulster Bank (E259,000), paying E1,200 a month
.But I ended up with a seriously ugly Credit Card bill so had to take out a loan to partly sort it out.
bb12 said:First of all I wouldn't go mad panicking at it all. I think a lot of people here are panic mongers when it comes to credit card debt. Anyhow, I've been in the same situation as yourself with lots of personal loans and a credit card debt much higher than yours is at present! What's the interest rate on your credit card? The first thing I'd do is ring your credit card company and ask them to reduce the interest rate..plead the poor mouth etc...I've always had no problem in getting it down. In the meantime, apply for a new credit card with a 0% Apr and transfer as much as the debt to this when you get it and so on every 6 months...I find MBNA the best credit card company to deal with personally.
The actually amount of interest applied to your balance won't be overly huge per month(depending on your interest rate) so don't panic about it. I had a big cc balance for years and gradually transferred it to personal loans over the time. Have no cc balance anymore so it's possible to dig yourself out of it. Just don't go mad and spend more in future!
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