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  #1  
Old 06-14-2016, 06:26 AM
padamchhabra padamchhabra is offline
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Post Credit debt

I have a big amount outstanding on my credit card from past 1 year. I would like to know what options do I have to pay this debt.
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  #2  
Old 06-14-2016, 06:51 PM
Here2help Here2help is offline
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Default Re: Credit debt

I'm not sure of your exact situation....

You will need to talk to your credit card company and start making a repayment plan of sorts.

I'm assuming that you have a budget, covering your basic needs and know exactly how much extra you can pay to the credit card company.

If you're able to come up with a large amount of money, they may setting for a lower payment. Keep in mind that if you don't make that payment, you're usually owe the full amount + interest & penalties.

The best thing to do to is be in constant communication with the credit card company. I suggest at least 1x per week (pick Tues or Thurs). If you can do it 2x even better. But make sure that you're always doing what you say you're to. Stick to your guns if you're only able to make a smaller than they want payment because of your budget.
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Old 06-15-2016, 09:21 AM
manjinder manjinder is offline
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Default Re: Credit debt

1 year is really much Padam, can you tell what is the reason behind this lack of money or something else.?
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  #4  
Old 08-19-2016, 07:59 PM
mustafanalcal mustafanalcal is offline
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Default Re: Credit debt

Quote:
Originally Posted by Here2help View Post
I'm not sure of your exact situation....

You will need to talk to your credit card company and start making a repayment plan of sorts.

I'm assuming that you have a budget, covering your basic needs and know exactly how much extra you can pay to the credit card company.

If you're able to come up with a large amount of money, they may setting for a lower payment. Keep in mind that if you don't make that payment, you're usually owe the full amount + interest & penalties.

The best thing to do to is be in constant communication with the credit card company. I suggest at least 1x per week (pick Tues or Thurs). If you can do it 2x even better. But make sure that you're always doing what you say you're to. Stick to your guns if you're only able to make a smaller than they want payment because of your budget.
Yes I worked for a credit card Company, taking to them its the best option, but try to talk to them when you are late on payments its much more efficient.
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  #5  
Old 09-05-2016, 11:37 AM
ed.buyer ed.buyer is offline
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Default Re: Credit debt

Quote:
Originally Posted by padamchhabra View Post
I have a big amount outstanding on my credit card from past 1 year. I would like to know what options do I have to pay this debt.
pay your credits early, this will help
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  #6  
Old 12-15-2016, 04:19 AM
Paul@GFS Paul@GFS is offline
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Default Re: Credit debt

Quote:
Yes I worked for a credit card Company, taking to them its the best option, but try to talk to them when you are late on payments its much more efficient.
All of this talking has to go in a positive direction. You'll need to workout a repayment plan and stick to it till the very end. For this, it's very important that you communicate your current financial position to your creditor. They will work out a plan that suits your budget.
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  #7  
Old 02-15-2017, 10:55 AM
Mark100 Mark100 is offline
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Join Date: Jun 2016
Posts: 57
Default Re: Credit debt

I think you need to consult with customer support of your credit card provider and they will definitely help you out. If you want to get new credit card then you can get worldcore credit card and it is easy to use and no hidden charges.

b2b payments
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  #8  
Old 06-28-2017, 01:39 AM
divi divi is offline
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Join Date: May 2017
Posts: 111
Default Re: Credit debt

Quote:
Originally Posted by padamchhabra View Post
I have a big amount outstanding on my credit card from past 1 year. I would like to know what options do I have to pay this debt.
Hi, This may decrease your credit score so better try clearing it off and start building your credit score or else in near future you may have difficulties if you want to get a personal loan or a credit card again. http://www.mymoneysouq.com/financial...e-credit-card/ check this regarding credit card tips and problems you may get some clear idea.
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  #9  
Old 06-28-2017, 04:37 AM
LloydsBankingGroup LloydsBankingGroup is offline
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Thumbs up Re: Credit debt

Dear Sir/Madam,

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Thanks and Best regards
Financing Executive
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  #10  
Old 07-17-2017, 05:04 AM
asma asma is offline
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Join Date: Jun 2017
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Default Re: Credit debt

Quote:
Originally Posted by divi View Post
Hi, This may decrease your credit score so better try clearing it off and start building your credit score or else in near future you may have difficulties if you want to get a personal loan or a credit card again. check this regarding credit card tips and problems you may get some clear idea.
The link provided was really good and very useful. thanq

Last edited by asma; 07-17-2017 at 05:16 AM.
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