My credit card debt has increased so much lately that I've reached a point where I can no longer pay. Every month I try to pay off my debt, but it seems like this can’t go on like this. My friends say, 'if you don’t do something, this will end badly.' Everyone has different suggestions, but I'm not sure which one makes more sense for me. Have you ever been in a situation like this?
the same happened to me, I couldn't keep up with the payments. I took out a loan and paid it off, but then the burden of loan payments started. so it's not really a solution, actually.
How many cards do you have? I mean, is this just one card or have multiple debts accumulated?
@uykuarasi There are a total of two cards, one with a high limit, the other I opened for installments, but both are maxed out, to be honest.
@kirmizikazak credit would already cost more than the card. I think that problem is not worth dealing with at all. We need a liquidation plan right away.
Let's just talk, the minimum payment gets you into this cycle. One solution is to request a restructuring from the bank. But make sure you learn the interest rates well, sometimes paying off on your own can be more profitable.
cut the spending. that's the point.
You've opened this topic, but it feels like you're just describing the situation instead of asking for a solution. Start doing something. 🫠
I closed my credit card for shopping and focused only on paying off the debt. It was done in 8 months. If you continue shopping like this, it will just drag on.
@soncaykaldi how will you get a solution without explaining the situation? You bury everyone who writes.
