Iam badly in debt now. i dont know how to cope up with the situation. can any body pls help me out?

Question

IAM A CENTRAL GOVT EMPLOYEE. I HAVE TO LOOK AFTER SOME FAMILY DEBTS LEFT OVER. MY RESOURCES ARE ONLY SALARY BASED. IAM ALMOST CORNERED NOW

Answer 1

Do you mean you have debts from other members of your family?
I don't know why you would be obligated to debts from others but if so, your best bet is to find some financial advisor that can guide you. If you only have enough to meet your basic needs the other debtors should not be able take away what you have to have to exist on. You really need to contact someone who is experienced in such matters because they can look at the whole situtation and maybe even talk to the one you are indebted to to arrange a plan.
I wish you luck.

Answer 2

Check out the debt consolidation services that are available. Make sure to compare rates, so you aren't missing out on a better deal. Another option is to take out a second mortgage on your house, pay everything off, and go on with your life. Of course it will be bumpy, but there are ways around EVERYTHING. The other option is always the 'B' word, filing for bankruptcy. It will give you a new start, and you will find that once your bankruptcy claim is processed, your credit will be clear and the credit card applications will roll in. By all means DO NOT start charging again, avoid it at all costs. Check out Suze Orman's site, and maybe even shoot off an email to her....she is a financial guru and is very helpful in dealing with funds. I wish you the best of luck, and do not give up!

Answer 3

call a bankruptcy lawyer.

it's not as bad as many say it is. i filed and i am GLAD! if you are in dire shape seek a bankruptcy lawyer.

they'll take payments and it's cheap actually $800 basically. AND the lawyer will help you rebuild your credit also.

forget consolidations! most of that and the companies who offer it are scammers or they don't know what they are doing and you get deeper into the hole and eventually you'll give up due to the harrassment from the creditors you owe to and you'll seek a lawyer...

so skip that expensive part and just call a bankruptcy lawyer in your area.

pick up the yellow pages or find them online!

Answer 4

1.) are you actual obligated to pay the family debts?
2.) can they be structured to ease the burden or any other regular bill?
3.) can you eliminate or reduce any other expenses?
4.) can you increase your income?

You cut back and cut back when you can't cut any more you need to increase your income. If neither can be done then some bill is out of luck.

Answer 5

in case you're sunburnt, be conscious aloe vera gel or spray vinegar on the burn and enable it drip dry. in case you're tanned yet no longer sunburnt, then exfoliate lots and lots!! this might get rid of the suited layer of pores and skin it extremely is tanned and demonstrate your greater moderen pores and skin below. despite the fact which you will desire to be tanned below, exfoliating will inspire your pores and skin to maintain renewing itself so quickly you would be decrease back on your universal color. to help with the exterior lightening, you additionally can use lemon juice it extremely is a pores and skin bleacher. additionally try milk it extremely is a organic pores and skin whitener. in simple terms rub into your pores and skin, go away for quarter-hour and wash off. The lemon juice could reason some tingling or stinging yet it extremely is universal. And be effective you MOISTURISE!

Answer 6

try calling a credit counseling service. they're there to help you design a budget and work with the creditors to reduce payments and interest rates. try careone.org cccs.org or just look in the yellow pages under credit counseling

Answer 7

Check this web site daveramsey.com. You can call him and get a free advise.