Badly need advice to settle cc debts
Hi everyone. Last year, 2025 around May siguro, di pa ganito kalaki yung cc debts ko but then I tried to sleep my problems off & then while browsing ig I saw a thread about cc debt and dun lang ako nagising. I don’t open my SOA, I don’t answer calls, I’m always on DND, & yung minimum lang lagi binabayaran ko since I refuse to check yung outstanding balance as in pikit-mata.
I’m in my late 20s and never in million years naisip ko na aabot ako sa ganitong placement. I realized na nasa swimming pool ako ng utang and to be honest I don’t recall pano nangyari ‘to. I spent less than vs sa cc limit ko however since I ignored it, lumobo.
Now, I really want to face my problems & I understand my obligation to pay. So gusto po sana humingi ng advice kung mas okay bang controlled default or mag-apply for IDRP. Now lang din po nagsink in na ang taas ng annual fee ko and I don’t use them na. For context, I am earning 50ish k/month after taxes & I can only allot 20k max for my debts. I also plan to leave the country in 2-4 years time & currently nasa process po ako for my EB3 visa (RN) so ayoko rin po mahirapan magapply ng cards once I’m in the US. I realized na in the long run, mahihirapan din po ako to pay the MAD (lalo na more than the MAD) since I need to save rin for pocket money, pay things related to my application, & I have obligations din po po sa bahay. So here’s the breakdown of my outstanding debts po:
EastWest Gold: ₱109,234.19
EastWest Gold JCB: ₱47,346.03
RCBC Gold: ₱110,332.52
Metrobank Platinum: ₱86,506.99
BPI Gold: ₱115,150.46
BDO Gold: ₱106,896.62
Total: ₱575,466.81
For the longest time, I only paid the MAD. However, I realized po na I can’t sustain it in the long run & lalo lang lalaki utang ko if laging MAD. I can’t pay in full din naman since wala talaga mapipiga. I don’t want to totally ruin my credit score rin po since parang need ko siya in the future.
So my questions po:
- Should I start ignoring po the MAD and go delinquent eventually then negotiate settlements with CA?
- Should I start applying for restructuring/payment plans individually?
- Or should I proceed applying for IDRP?
- I never received any installment plans sa bank po since I always pay MAD on time, so ilang months po bago nag-offer ng settlements ang banks?
- May nag-vivisit ba sa house, work or baranggay?
Additional context: RN job po but currently working from home & we have an office in the metro. Also, takot ko po ako na magvisit sila sa work ko & may ibang makaalam na family member. For other support system naman po, wala po ako nun.
Any real-life advice or experiences would really help po. I am having so much anxiety na po & now lang nagssink-in yung lahat.
Thanks so much!