Hi all,
I dont think I need to fill in my case profile to ask this question so help appreciated.
I have a credit card debt of €7,200 now, €200 over the limit - up to 6 months ago I never had a credit card debt so this is a shocker and is caused by many reasons;
- loss of tenant
- car repairs
- house repairs (essential)
- loss of social welfare income
- loss of tax credits
I can barely make minimum payment and doing so may mean I will fall behind with other costs, e.g. phone, electricity and eating!
What happens if I dont pay the interest as it rolls up? I have no choice really.
I dont think I need to fill in my case profile to ask this question so help appreciated.
I have a credit card debt of €7,200 now, €200 over the limit - up to 6 months ago I never had a credit card debt so this is a shocker and is caused by many reasons;
- loss of tenant
- car repairs
- house repairs (essential)
- loss of social welfare income
- loss of tax credits
I can barely make minimum payment and doing so may mean I will fall behind with other costs, e.g. phone, electricity and eating!
What happens if I dont pay the interest as it rolls up? I have no choice really.