Transferring the property for credit card debt
Date: Fri, 06/02/2006 - 01:36
have a combined debt of 20,000 on 2 cards and a loan.
pay 140pm month for loan and 130pm for credit card 1 however credit card 2 are charging me repayments of 270 oer month which i carnt afford.
i do owe them 9000 however i was divorced last year and as part of the divorce procedure i have a 9000 charge in a property however can only get my money at certain period EG house sold, children are 16 exc so at the latest it could be another 12 years.
would the credit card company accept this as full payment if i transfered the charge on the property over to them.
please help
thasnks
pay 140pm month for loan and 130pm for credit card 1 however credit card 2 are charging me repayments of 270 oer month which i carnt afford.
i do owe them 9000 however i was divorced last year and as part of the divorce procedure i have a 9000 charge in a property however can only get my money at certain period EG house sold, children are 16 exc so at the latest it could be another 12 years.
would the credit card company accept this as full payment if i transfered the charge on the property over to them.
please help
thasnks
Credit card companies are increasing their minimum payment acros
Credit card companies are increasing their minimum payment across the country. It's getting difficult to stay current with card accounts. I would tell you to register with this site and go for the free counseling. You can discuss your situation with the counselor and mention how much you can afford per month.
The counselor would prepare a suitable payment plan so that you can afford it easily. He will negotiate with the credit card companies and your lender on your behalf to get the plan approved. So you will be paying one monthly payment for all your accounts in the coming days. Hope this helps. Always feel free to ask your queries here :)
