IF YOU HAVE NEVER DEFAULTED ON CREDIT CARDS AND ARE EXPERIENCING FINANCIAL DIFFICULTIES AND FINDING EXPENDITURE OUTWEIGHS INCOME AND ARE RUNNING OUT OF SAVINGS WHAT IS THE CHANCE THAT THESE COMPANIES WILL ACCEPT BELOW THE MINIMUM PAYMENT.
Can you post us a few more details about your debt and how much money you have available to pay?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
You could try entering into a Debt Managment Plan. You would be allowed to pay a lower sum each month. Some creditors will agree to freeze interest and some wont so you wont have an awful lot of legal protection
Why not try speaking to an Insolvency Practiotioner who will clearly outline ALL the options and point you in the right direction.
It is fair to say that your creditors would prefer to receive something than nothing, in which case you should fully explore the options of debt management, IVA and bankruptcy proceedings. An Insolvency Practitioner will be able to advise you on all options.
