First time poster, hoping I can find desperately needed advice here.
I am 10,000 euro in debt, 3,000 to the C union and 7,000 on the credit card. I am paying back the CC €160 a month which is mostly covering the interest. I am unemployed and have just finished college as a mature student, but no immediate prospect of employment. I am renting and receiving rent allowance and have no assets or savings. I receive benefit which goes toward my ex partner and children, my basic living expenses and the credit card loan. Nothing is left at the end of it and I am still not meeting my commitments, the debt is only increasing.
I don't indulge in any frivolous expenditure and lead a very frugal lifestyle.
But I don't see how this can go on, despite every effort to meet my obligations I see now that the debt is killing me and the current arrangement cannot continue.
Friends have discussed talking to the CC company, that debt forgiveness or some type of deal to repay what I can is an option, but I have no idea how to approach this in the right way. Another option would be to take out a
Loan to clear the CC debt and the high interest charges, but I fear that no-one would lend to me.
I know this level of debt may seem trivial to some people, but despite my efforts to deal with it I am failing, and the pressure is taking a profound toll on me.
I don't expect sympathy, but would be eternally gratefull to anyone who can steer me toward a solution.
Many thanks.
I am 10,000 euro in debt, 3,000 to the C union and 7,000 on the credit card. I am paying back the CC €160 a month which is mostly covering the interest. I am unemployed and have just finished college as a mature student, but no immediate prospect of employment. I am renting and receiving rent allowance and have no assets or savings. I receive benefit which goes toward my ex partner and children, my basic living expenses and the credit card loan. Nothing is left at the end of it and I am still not meeting my commitments, the debt is only increasing.
I don't indulge in any frivolous expenditure and lead a very frugal lifestyle.
But I don't see how this can go on, despite every effort to meet my obligations I see now that the debt is killing me and the current arrangement cannot continue.
Friends have discussed talking to the CC company, that debt forgiveness or some type of deal to repay what I can is an option, but I have no idea how to approach this in the right way. Another option would be to take out a
Loan to clear the CC debt and the high interest charges, but I fear that no-one would lend to me.
I know this level of debt may seem trivial to some people, but despite my efforts to deal with it I am failing, and the pressure is taking a profound toll on me.
I don't expect sympathy, but would be eternally gratefull to anyone who can steer me toward a solution.
Many thanks.