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-   -   Cannot pay My credit card bills (https://www.askmehelpdesk.com/showthread.php?t=316753)

  • Feb 12, 2009, 07:24 PM
    Tomus
    Cannot pay My credit card bills
    I am in severe financial difficulties I cannot pay my credit card bills, and the credit card company have sold on the debt to another company I als cannot pay them what will they do to me if I cannot pay them too will they send me to jail or what please help me
  • Feb 12, 2009, 07:41 PM
    ScottGem

    Debtors prison ceased to exist in the 18th century. Have you considered bankruptcy?
  • Feb 13, 2009, 09:35 AM
    DoulaLC

    Contact them and explain your situation. See if they will work with you. Sometimes you may be able to reach an agreement of a lower balance and/or lower monthly payments. They would rather have something than nothing. You will likely find some will be happy to work with you, other won't.

    As ScottGem said, bankruptcy can sometimes be the best option in certain circumstances. Check into the pros and cons... speak to the creditors directly, and decide what will be best for your situation.

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