I Can't Pay Off My Credit Cards?

I'm new to this site and I've read the other posts on this subject but still can't find help. I'm 26, disabled and only receive a monthly income of 777.00. Before, (when I was stupid with money) I racked up a lot of charges and now I am in debt for about $4,000. I am having a lot of trouble paying even the minimum payment after bills, rent, food, etc. I don't have it.


The interest rates are at 27-29% on 2 credit cards. I get calls constantly but feel so bad that I don't answer anymore. I don't know what to do. I have tried to get state services for rent but still pay 400.00. I have no help from family or friends.

Is there a way that I can eliminate the interest charges altogether and only pay what I charged? I was told I had to have at least 9 months of minimum payments on time for them to even consider lowering the interest rate. The cards I do get approved for in the mail never have a low rate for balance transfers and I supposed the limit wouldn't be the amount I owe.

Thank you for your help and responses in advance,

Stacey from Texas

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August 1, 20050 found this helpful

You may want to check out the following sites, they have been of great help for me and built my confidence up in dealing with collectors



August 1, 20050 found this helpful

do you have to pay for thier services? I've heard of places where you end up paying alot of "fees" for them to consolidate your debt. Are there any free ones.. totally free?
thanks for the sites though

By Levada (Guest Post)
August 1, 20050 found this helpful

Stacey, I assume from the disability amount you get that you are on permanent disability. This means a couple of things...your income is not going to change unless you get HUD housing and get a big break you will never have enough to make the payments the credit card companies want you to pay. The good news is that they can't do much about the lack of payment. Disability can not be attached to pay a debt.


So you have a choice at this point, to not pay anything, or write a letter explaining your situation, and make whatever small payment amount you can. Your credit is already messed up, and with that low disability income, it is not likely anyone will give you credit again. The credit card companies are going to want to know what payments they can get, since they are pretty much stuck at this point.

I am sorry to hear you are on disability at such a young age, that is a tough break. Email me if you would like, I have some other stuff to tell you. Levada

By (Guest Post)
August 1, 20050 found this helpful

Get the Sunday paper and in the glossy coupon pullouts, there are always ads for 0% interest with a new card. If you don't qualify (I don't know the terms) give your local credit union or bank a call. They may be able to set up a loan and their interest is much lower.


Never, ever pay for debt restructure or anything like that. Find your local Consumer Credit Counseling and they will help you for FREE.

Best to you

August 1, 20050 found this helpful

You want to go with a Consumer Credit Counselors affiliate agency. They are a non profit agency and most credit card companies will honor their plans. They will help you set up a repayment plan that stops/reduces interest on the cards as long as you pay each month. Here is a website for the Dallas affliate:

As far as the calls go you can and you should tell them not to call anymore. By law if you tell them that they must stop calling. They can still send letters but no calls. If they call again after you have told them not to report them to the FCC.

By Linda Valentine (Guest Post)
August 2, 20050 found this helpful

I was in the same spot you are. I was being harrassed so much by creditors that I was becoming badly stressed and not helping my medical problems. I finally went bankrupt. I had to pay the attorney a little each month for the amount of only $250 to go bankrupt.


There is no shame in going bankrupt, you ran up the bills at a time you could pay them. You cannot help what's happened since then. I urge you to go ahead and do it. You'll sure sleep better afterwards. I know I did.

August 2, 20050 found this helpful

You don't have to pay for anything on those links below- they are free and the forums are great for help. Don't pay anyone for what can be done yourself with effort.

You will be glad you did

By Charlene (Guest Post)
August 3, 20050 found this helpful

I am currently using CareOneCreditServices for my debt reduction program. It's over the internet, but free (if you can't afford to "contribute"). They managed to cut my interest rates down from 25% to 8%, so that I'm actually paying the principle amount.


Their website is:

By Cynthia (Guest Post)
August 5, 20050 found this helpful

If the $4,000.00 is from credit cards if you do not pay eventually the credit card companies will sue you. And if you pay the 25% on $4,000.00is $1,000.00 and then you debt is $5,000.00 and add another $1,250.00 for interest that is of course less any payments made. Filing Bankruptcy under Chaper 7 would discharge those debt and give you the protection of the automatic stay which after you file means those creditors cannot contact you again. Forget the debt consolidations, just add more debt in terms of fees.

By Kara (Guest Post)
August 13, 20050 found this helpful

I would recommend that you try to work out some kind of repayment plan with the cc companies if they are willing. However, if they refuse, you may want to consider filing for bankruptcy since you are unable to pay of the cc debt and do not have income the cc companies can go after. Also, if you have been disabled for 24 consecutive months you may be able to have the cc debt discharged if you have disability protection on those accounts. Good Luck.

By (Guest Post)
October 15, 20050 found this helpful

A credit counselor can get the rates lowered and also cut your bill in half. Search the internet, Care One, is a good one. They can definitely help you. Good luck!

By walmart greeter (Guest Post)
December 2, 20050 found this helpful

I owe 20.000 in credit card debt. I was out of work for 2 years and paid My bills with cash advances. Just got back to work?

By irlande (Guest Post)
July 26, 20060 found this helpful

Here is the life saving organization. In a second they can take all your pain away.

By dave (Guest Post)
March 11, 20070 found this helpful

i'm 30,000. in credit card debt. i'm 100% disabled do to diagnoised combat related ptsd & major depression by the veterans administration & social security disability.
what should i do? please help

By Danuta Szczypinski Eddanuta AT (Guest Post)
March 13, 20080 found this helpful

I'm disabled and my husband is retired. We have very low income. Our credit card debt is about 100.000.00. We stopped paying creditors. So far they call all day and ask for money. How long they will be call? What happens after few months if they not received payment? What will be the next step what they can do to us? Our house, no market, is worth less what we own to the mortgage company. Please give answer. Thank You. DAN.

By Molly (Guest Post)
January 23, 20090 found this helpful

Can the credit card companies attach my assets - furniture, jewelery etc if I cannot pay my credit card?

October 19, 20120 found this helpful

I have been in this situation, and it is very stressful! First and foremost you must remember that when a credit card collector threatens you, 95% of the time it is bluff. I have been round and round with these folks and there only goal when they call is to get a payment from you, and they will do whatever they can to do it.

Sometimes they break the law to do it, so you must know your rights and what the Fair Debt Collection Practices Act states that collectors can and cannot do. Google it and educate yourself! Like I said I have been in this situation and have learned how to handles these people. They are not your friend, they are a person sitting in a cubicle somewhere, and have probably been on the job for a month or so.

Insist that you must pay your basics like shelter, food, transportation first. Then you tell them you can only pay what you can pay. They will take less than the minimum, but you must be persistent! Also you may be able to get them to charge off your account. That will close the account and stop interest. It will be a hit on your credit, but nothing you can't recover from. Get the debt cleaned up and build up a cash reserve for emergencies!


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