My OperaEdinburgh solicitors Unable to Pay Your Credit Card Bill? Here are some tips.
Monday, August 9, 2010 6:21:54 PM
Most people have to deal with the inability to pay their credit card bills at least once or twice in their lives. This should tell you that not being able to pay your credit card bill is nothing to be ashamed of. Of course, if this is the first time you've encountered this kind of distress, it can be quite frightening. Here are some suggestions if the bill is due and you don't know how you are going to pay it:
-The first thing you should do if you are truly strapped for money and have no way of paying your credit card bill is to call the credit company and ask if you might be allowed to pay a lower payment for that month. If your account has been in good standing up until this point, most creditors will be happy to work with you. If, however, your repayment has been hit and miss, you might have to figure out how to come up with some quick cash.
-Take a look at what you are currently spending and ask yourself if there might be something you can live without for the next month or so and then put that money toward your credit card balance instead. A good example of this is buying generic brands of groceries instead of name brands.
-Is there anything you can sell? Many people find that eBay and rummage sales are great ways to generate some quick cash when their budgets start feeling tight. Look around your home. Surely there is something you can put up for auction or out at a sale-old clothes, old movies, things you bought but haven't used. Get creative!
-Do you have any good friends that you might be able to ask for a loan? It might not go over well to ask one friend for the total sum of your bill, but you might consider asking a few friends for smaller amounts that you can later combine and use for bill paying. Of course, if you go this route, you must make paying back your friends your first priority!
-Figure out a household budget. If your expenses are so tight that you cannot afford your credit card bill, it is time to take a strict look at your finances. There are probably quite a few areas that you can squeeze or tighten. Remember, your credit rating is more important than going out to eat!
These are just five ideas to use when your credit card bill is due and you discover that you can't pay it. You'll probably be able to think of many more ways to come up with money and rescue your credit score!
This article has been written by Xaviera Middleton. Are you having legal problems? If you need some legal advice or want to speak to a solicitor , visit Find A Solicitor for more details.edinburgh solicitors: edinburgh solicitor
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