Should I keep paying my credit card bills?

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Since: Nov 10

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#1
Dec 6, 2010
 
I'm unemployed, and I'm on my last week of unemployment insurance, after that I will have no income. I have two credit card bills due this week. Should I use what little money I have to service my credit card bills? If I don't get a job by the next bill cycle I will end up missing my payments anyway, so I feel like I'm just delaying the inevitable, and might as well save my money for food or other neccessities/emergincies. What would you guys do?
Telmark

Chico, CA

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#2
Dec 15, 2010
 
Sorry to hear about your loss of employment dom.

Have you discussed your financial hardships with your creditors?

If not, please contact them asap and ask them if any alternative payment options exist in regards to your case. Credit card holders can, in some cases, be allowed to pay less than the monthly minimum for a period of time.

Be sure to explain to them that you are determined to pay your bills and debts but that you're now primarily concerned with paying for housing, food, energy, and the costs of seeking work (Internet access, transportation, phone, etc).

Good luck and may you have a better New Year.

Since: Aug 11

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#4
Aug 19, 2011
 
When I got pregnant with my third child, I had to resign due to the complexity of my pregnancy. I have one credit card with outstanding unpaid balance. Since I will no longer have income to pay it off, I talked with a representative and asked if I can defer payment for at least a month and reconstruct the loan. I negotiated for a smaller monthly amortization and longer period so that the payments can be accommodated in the income of my husband. Of course, the interest is higher, but at least I was able to pay everything and had no bad record with the credit company. Hope my story may be of help to you dom. Cheers.http://creditcardshelpl ines.com

Since: Aug 11

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#5
Aug 19, 2011
 
When I got pregnant with my third child, I had to resign due to the complexity of my pregnancy. I have one credit card with outstanding unpaid balance. Since I will no longer have income to pay it off, I talked with a representative and asked if I can defer payment for at least a month and reconstruct the loan. I negotiated for a smaller monthly amortization and longer period so that the payments can be accommodated in the income of my husband. Of course, the interest is higher, but at least I was able to pay everything and had no bad record with the credit company. Hope my story may be of help to you dom. Cheers.
Shelly

London, UK

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#6
Mar 26, 2014
 
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/EvYZBe ) too my friends and family.

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