Should I consolidate debt or pay individually with bad credit?

G

GodlyBatch

New Member
Hello,

I am finding my debt difficult to manage. I am in mortgage arrears after a divorce and then being made redundant. I cannot seem to keep on top of them all.

My credit is poor. I am debating whether to try debt consolidation or to get myself more organised and pay them off individually. No matter what happens, I konw it will all remain on my credit file for six years.

Thank you.
 
I’ve been in the same boat. I couldn’t keep up with all the minimum payments on crdit cards, etc., so I stopped. My focus became getting myself ahead and keeping priority bills like my house up to date and paid for. Nothing is more important than your house; credit can be rebuilt. It sucks, but sadly, sometimes that’s what needs to happen if you can’t do it all. I ended up tanking my credit score, but several cc cards took off almost half my balance with collections, and I’ll pay them back in small amounts when I can. And I’ll rebuild my credit soon.
 
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