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R92024

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  1. Many thanks for the replies. Yes, I'll be proactive and contact the credit card companies. Communication is a good thing (usually).
  2. Due to severe financial difficulties, I stopped paying my credit cards 3 months ago. My financial situation may improve by December, failing which I will have to declare bankruptcy. The credit card companies are already calling on the phone several times a day - I'm not answering. Is it better to write to them to tell them I may be able to start paying again in December, failing which it's BK... or just let things run? How long before the credit card companies take the next step? And what would that be? (I went bankrupt once before, 25 years ago, which I handled myself, so would do the same again if need be). My situation is way past tightening my belt, getting a second income etc... I'm already doing everything possible (debt consolidation etc). Many thanks for any advice.
  3. I'll know in a couple of months whether I'll need to file for bankruptcy, or whether I can pull things around. In the meantime, I'm not able to pay the minimum amounts on my credit cards. Is it best to at least pay something... say 25% of the minimum? And how long will that keep the credit card companies at bay (they're already calling on the phone 5 times a day - I'm not answering - after I paid a smaller monthly amount instead of the minimum about 6 weeks ago). If I go bankrupt, so be it. I don't need good credit for a loan, mortgage or new apartment. My situation is way past tightening my belt, getting a second income etc... I'm already doing everything possible (debt consolidation etc). Thanks for any advice on paying a smaller amount, and how long before they take the next step (and what would that be?) Thank you!

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