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Credit card debt

Discussion in 'Finance & Banking' started by boron, 12th Oct, 2019 at 8:58 PM.

  1. boron

    boron New Member

    Joined:
    Saturday
    Posts:
    1
    Location:
    Melbourne
    I have some physical disabilities from birth. I worked for a company for 33 years. But i had to quit my job due to health reasons because of my disabilities and i am on the DSP. I have some credit card debt on on three credit cards. The providers put me on the hardship program and lowered the payment amounts. However i am still struggling with day to day living expenses and bills. Can i ask the providers to lower the payments further? I also want to pay out two cards using financial hardship from my super. I would like to know how i should negotiate on a payout figure as i believe you can negotiate with them and you don't have to pay the total amount. The two cards are $7000 and $4000
    Any advice will be most helpful.

    I have also tried some of those companies that negotiate with the providers on your behalf but i don't qualify as i am unemployed.
     
    twisted strategies likes this.
  2. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,159
    Location:
    QLD
    have you maxed out your allowances from Centrelink

    stuff like rent-assistance , taxi-vouchers to medical appointments , and making sure you got the safety net with your meds

    ( i would be in a little stress if not for medicare and PBS picking up many of the health costs )

    i never got into debt so have no experiences on how to struggle out , but trimming your current expenses might help

    check if Centre-link will give you a special deal on your phone , as well ( i assume you need it in case of medical emergencies

    cheers

    i hope you get some good advice