Hi Andy --- Declaring bankruptcy in itself will have a long term detrimental effect on you financially, the missing payment on your credit card will be negligible compared to the bankruptcy itself.

I would firstly suggest seeing a debt counsellor at your local CAB before following this serious route, if it can be avoided at all, perhaps other arrangements can be made when all your facts are presented to the CAB. ?

It would be in your interests to see the CAB at your very earliest opportunity, before advising any creditors that you are intending taking the above serious step.

hi all if i cannot pay my credit card monthly bill whats the best action to take? i am going to go into Bankruptcy in the new year when i see the citizen advice ppl for help but is it best to pay the monthly bill this month or just call them up and tell them my intentions? Would not paying this month have any long term affect on going into Bankruptcy ? Thankyou Andy