credit card debt advice

[BrightonMum]

My ex walked away 8 years ago leaving me with a large credit card bill.  I have been moving it from one 0 % interest card to another for years barely making a dent in the balance… A debt management adviser suggested asking this forum if there may be a way of writing to debt off.  I am single working Mum but support my 2 teenage children without financial help to everything is a struggle.  I am open to suggestions.

[Sherinam]

Is the debt in your name?

[BrightonMum]

Hi yes the debt is in my name

[BrightonMum]

Thank you for your advice…

It has always been in my name.   I will write to the credit card provider and ask for it to be written off, but it is £5000!

Reluctant to try IVA or bankruptcy as I have a Mortgage .  I really appreciate having this chance to talk about it.

 

[Sherinam]

Bankruptcy means they can still claim this back From your property. Go and see someone at citizen advice bureau. If you are only paying minum then you will not pay off your card . There are a couple of lenders who offer 24 months interest free on balance transfer. If you write to credit card you need supporting evidence to show you can pay the debt back

[Welshdad]

Some advice on debt consolidation here but any reduction in outgoings is going to help loads.

https://www.moneysavingexpert.com

 

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