Anonymous
Anonymous asked in Business & FinanceCredit · 1 decade ago

How do I settle my UK Credit Card?

Hi I have about 8 Credit cards, I now owe about 30k! I cannot pay back. Most of the amount was built up due to interest's over the years( I always made minimum payments form other CC ) now first question is what will happen if I tell them I cannot pay you full stop? will they take proceedings against me ? in what way ? if they will what would the outcome be? in relation to taking out CC in the future ? to having a bank account? Now if it will be imposable for me this way what are my other options pay them by IVA how much do I have to earn for that ? has someone done IVA is it worthwhile ? in short give me the full moon. Thanks for taking you time !

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