Money problems please help. I have credit cards up to $13500 and a loan of $15000?

10-20-2007, 12:55 AM

I live in Tasmania, Australia, I work full time and part time on Saturdays. The banks say the amount is too much, I have a good credit rating and always pay the min amounts due. I don't understand why they won't help me, I am not asking for more money, only to join the amounts I already owe... any suggestions?

Mastermind · 10-20-2007, 12:56 AM

Yo friend....i dont know for Aust but financial problem is very common here in singapore.. i used to be in debt too. first maybe you got to try to consolidated all your debt. Negoiate with the banker. i believe no bank wana sue anyone bankrupt cos they wont gain anything as well.. secondly get a freelance job that can fetch u infinite income.. maybe you wana take a look at www.wdf-usa.com and consider if you wana try it.. im sure it will fetch u a income more than your expectation!! Free free to email me at mitcolt76@hotmail.com for any enquries...lastly wish u all the ya..cheerz!!

10-20-2007, 12:57 AM

If you are asking to apply another credit card, then I would suggest that it is better that you clear all your loan first.

Just wondering, when are you able to clear your outstanding loan plus credit card bills if you are always paying for min sum? Sorry for saying that ...

A debt-free man is a rich man. You are your own solution.

Good luck!

10-20-2007, 12:58 AM

Don't know if you have them there, but have you tried a credit counselor service? They can help.

10-20-2007, 12:58 AM

you are just not that smart getting into bad credit, the best suggestion is to call people to see if they can help you with paying off the loans(insurance) or something

10-20-2007, 01:02 AM

You need a debit card.
A small loan consolidation with low interest is the best I found interesting information about your answer & options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/loan-consolidation.htmlGood luck!

10-20-2007, 01:03 AM

Yeah banks have rules they follow and are narrow minded some times, can't think outside the square. All I can suggest is go somewhere else but keep in mind, every time you do an application somewhere it shows up as an enquiry on your credit file and banks don't like to see many of those.