How to Get Help to Pay Credit Card Debt When You Don't Have Any Money

Whether you've lost your job or simply lost track of your spending, it's uncomfortable to find yourself with a credit card balance you can't afford to pay. Late or missed payments negatively affect your credit score, meaning they may cost you a credit card, auto or home loan in the future. To prevent this, take action as soon as you realize that you don't have money to pay your credit card bill.

Instructions

1

Call the credit card company and explain your situation. They may or may not be willing to defer your payment until the next billing cycle or waive a late fee, but you'll never know unless you ask.

2

Ask a friend or relative to loan you money to pay the bill, if it's still due. Only ask someone who is not struggling financially, since a friend or relative may be willing to help you even if they can't afford it.

3

Take out a payday loan, also called a cash advance, if you can't get a loan from a friend or relative. These loans comes with fees in addition to the amount you borrow, which accumulate if you don't repay the loan by the time you receive your next paycheck. Check your area for the company offering the lowest fees and borrow from them.

4

Borrow only as much as you need pay the credit card bill. Borrowing more than you need from a friend or relative may damage his trust in you. Borrowing too much from a payday lender can raise the amount you must repay in fees.

5

Pay the credit card bill as soon as possible. Doing so eliminates the temptation to spend the borrowed money on anything else.

6

Repay the loan as soon as you receive your next paycheck. This shows friends and relatives that you are trustworthy, and keeps you from having to pay added fees on a payday loan.