i am having a big problem in my life can you advise me of how to go about it its financially?

Question

i have to pay my mortgage on the 12 november thats 800$ i also have to pay 1000$ at the end of december thats a hospital bill also i have to care for my familly now i really dont know how to approach my bills they are becoming high and my income is limited so what should i do should i {steal}

Answer 1

First priority : pay your mortgage

Then talk with the hospital about a payment plan. They are usually very willing to discuss that and accommodate to your income situation.

Make sure that you do not take any loans which are offered to you for outrageous interests.

Care for your family: The city you live may provide help for food and support for living. You should check with your city hall and with your church - if you belong to one.

Stealing will end everything in one go, so don't do that, don't go that. It leads you into a lot of trouble for a very long time. No house, no family, no happiness.

Can you perhaps find a 2nd job? Some other source of (legal) income?

Answer 2

your mortgage payment is your priority now- you don't want to loose roof over your head. call hospital and ask them if they will take installment payment. my friend who is paying a lot of medical bills, she send every month whatever she can and never have any problem with collection, but call them first to make sure you can do this. also consider refinancing on your house and pay some of your bills. sometimes paying them with cash out from your home will lover your monthly payments and even some people will advise you for not doing this, you are right now in financial hardship and you need solution before you ruin your credit and become stuck later.i will not tell you to find better paying job, because you probably look for this on your own, so there is no point to tell you this.
my other friend go true very nasty divorce and got stuck with a lot of bills which were overdue. we refinance his house (he has a lot of equity) and even his credit was ruined because of all this stuff happened to him- he pay off all his bills, keep some money in his bank to pay bills in the future, repair his credit with timely matter and after one year he was on his feet again . sometimes you have to do what you have to do and deal with the situation now without thinking what impact this will make in a year or so.

Answer 3

First of all get that stealing idea out of your head, that would only make your problems much worse. If I were you I would pay my mortgage first, that is #1. Can you work out a payment plan with the hospital? Maybe you could also pick-up a part time job to help financially. Best to you and family. Don't do anything illegal.

Answer 4

1. To rectify the problem
2. To prevent the problem from arising again
Rectify the problem - Sell assets especially non performing assets e.g. cars with alternative public transport. Reduce non essential expenses e.g. reduce pay TV and have free to air. Consolidate loans and pay off high unsecured laons like credit cards. Renegotiate secured loans for extension and lower interest.
Prevent the problem - We all would like to have everything all at once. Do not chew more than you can digest. Bad debt - ones used to consume e.g. holidays, luxury cars and boats OK debts - houses where you need a shelter. Finally good debts - once where you generate income more that it costs you e.g. shares.
Remember the power of compounding. You are not going to get rich if you keep consuming and not be able to delay immediate hedonistic consumption!
Hope this helps!!!

Answer 5

Assuming that it is impossible to pay all the bills, I would speak to your creditors before you default and work out a payment plan that would work for you. For example, although the hospital bill is due at the end of December, you may be able to work out a payment plan. From their perspective it is far better to do that then not get paid at all.
The same goes for your mortgage.

Answer 6

Zinga Zung are U from china? then we cannot help you. If U R living in any democracy, then do not worry. Go to a good lawyer. There are thousnads of ways to escape fromsuch financial burdens legally. He will take care do not worry.

Answer 7

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Answer 8

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