About a year or so ago I posted a thread asking for advice re. my celtic tiger credit card debt (nothing out of control but wanted to sort it out).
I considered defaulting on it but decided not to do that and am paying it back- and am almost there with it as a result of long hours and sound money management.
Nobody suggested at the time - that I can remember - to apply for forbearance and to pay it back more slowly and in smaller repayments but I strongly advise people to consider this. If you go down this route I understand that you will also have interest and other fees frozen and waived so you will end up saving money in the long-run. The downside is it's on your credit rating, but so are any late repayments, and considering it can be really hard to get a loan, especially if you are on social welfare (which a lot of people are who have this type of debt) then this is a great option.
My advice to anyone with credit card debt under 10k and particularly those with more than one credit card, is to stop juggling repayments and living so close to the edge. Get forbearance (it will stay on your record for 5 years, but you will still in the meantime be showing that you ARE paying back what you owed, so you didn't default, and give yourself that 5 years to get your act together).
There ain't many strategies out there but would love to hear of any other suggestions you might have.
P.S Also, call your bank if you have been late with a repayment on your credit card. Tell them you are having a hard time, that it's getting harder and harder for you, and that you need a break and are considering defaulting as it might be easier than this struggle- this for me earned me waived fees for one month - it's worth a try.