what if i am unable to make Credit card payment for a long time ?

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credit card payment

I have a 5 banks Credit card, and i have not made a payment from past 3- 4 months due to some personal issues. finally i decided to pay off all the credit card bills as i dont want any debts on me. so i took a Loan to just pay of all the credit card bills. Unfortunetly, the moment i got my load, my mom had an heart Attack and whatever amount i took i spent on my mom Operations. So now i have a double credit on my head.
now the Collection guys are keep calling me on my cell and asking me to pay the bills as fast as i can or they will put me in a Defaulters list and will make a complaint to the police station, but when i have calculated my income and basic expenses (rent and food), i dont have enough monet to pay off regularly. i am bit scared as if anyone in my hoem will know about this police and payment, i dont know what will happen.

Please suggest me what i can do ?

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Sunday, December 7th, 2008 at 12:28 am. Posted in Credit Card Payment. Tags: , , , , . You can follow this web articles through the RSS 2.0 feed.

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6 Responses to “what if i am unable to make Credit card payment for a long time ?”

  1. Call a credit counselor to help you out. Do an internet search on credit counselors.

  2. the police LOL they kiddin with you man you think a cop is gonna get called to go and collect a debt? heck no theyd laugh at the credit card company..

  3. Call a debt reduction company NOW, and get some professional help with paying off your debt.

  4. STOP IT RIGHT NOW.
    I am a Ex-proffesional Bill collector and from what you said, the collection agency has all violated 2 laws. First of all, you can not go to jail for a debt other then child support and taxes, secondly the collection agency violated the FDCPA - FAIR DEBT COLLECTIONS PRACTICES ACT, by telling you, your name will be placed on a list. THERE IS NO LIST. I wish I was on the phone with you I would of gotten you and me paid for harrassment, and violating the FDCPA laws. Tell them to call me with that crap and you and I will both get paid thats the real deal. I can help, wrote me at creditresourcesystems at yahoo.com

  5. Time to consolidate your loans.

    Try with your bank first.

    Good luck !

  6. For credit card debt elimination generally there are two recommendations the first is controlling the expenditures and the second is consolidating debt. For the recommendations of the two credit card debt elimination this is some of the ways of achieving this.

    Controlling the expenditures is to control your urge to spend which is the first step for credit card debt elimination. To explain this it’s about the way you make your payments using your credit card. Getting into credit card debt can be due to uncontrolled expenditures using your credit card. To control your expenditures this is a guide that will help in credit card debt elimination.

    Controlling The Expenditures

    1. Do not buy anything that you do not really need. Step back and go home consider what you are about to buy. Sleep on it and get a better perspective the next day and then tell yourself do I really need to purchase that item. Stay away from attractive. Read more about it at:

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