i have loans from 3 banks and 2 credit cards.. all my loans are personal loans... i dont have any bank balance no properties nothing inherritted.. lost money in business.. not expecting money from anywhere...
i want to restatrt my life.. but bankers are harassing is suicide the only way to restart life in india??? help my family and 3 yr old kids..
2007-01-27 21:13:14 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
Hey Sucide is the best way to cheat your family. Do one thing consult a lawyer regarding this. If you are in Delhi, I can help you and trust me I was in the same situation as I was unable to pay a credit of 87Lcas. You can write to me in the below mentioned ID I'll help you how to go about it and trust me after few days you'll laugh at your decision of committing Sucide. write to me at upal@email.com
2007-01-30 22:28:27 · answer #1 · answered by Upal 4 · 0⤊ 0⤋
First thing is, I do not believe, any Banking Authorities will provide loan without any guarantee or proof submission. But this can also be accepted since you have mentioned that it is personal loan. The best suggestion that I could give you is, talk to the Banking Authorities in such a way that you can reduce the monthly EMI's and that would relieve some burden for you. All Banks in India will have some considerations on such situations. So instead of thinking about the Insolvency Petition or Suicide try make use of the above points and Over come this situation soon.
2016-05-24 08:10:05 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You say you want to re start your life. You cannot re start the life with thoughts of suicide. Remeber by attempting suicide you will be complecating the problem rather than solving it.
First of all what happened to the funds you borrowed? You lost in business mean either your debtors are not paying you or you have diverted the funds. Accept the reality of the liability and think of a deferred repayment plan and convince your bankers. If these were personal loans what was the purpose of these loans? If the loans were used for spending, you have to think of some activity that will generate income. If the loans were used in the business, then if your debtors are not paying you, you have to be strict in recovery. Remember loans should be used to create an asset or generate income out of which the repayments should be planned. If you borrow money for spending without any active plan for generating income to repay the loan, you are bound to be in trouble. Now unless you show your intention to repay the personal loan, it will not be possible for you to do any business. Remember again that the problems of the family would be in deep trouble without you if you have that negative thinking like suicide. With you by the side of the family the family would be in a better position to face the situation.
First you chalk out a plan for repayment. Approach the bankers for rephasement of the loan. Banks are different than private money lenders. Banks will have positive attitude provided you convince them about your INTENTION to repay the dues.
Best wishes
2007-01-28 23:26:14 · answer #3 · answered by concerned citizen 2 · 0⤊ 0⤋
suicide is not the solution, dont escape from your problem be strong to face it. lots of people have problem in loans and credit cards. why dont you talk to any bank representative and make a compromise and ask for discount. go to other country, apply for a good job and better salary, so you can pay off all your debts. its not the end of the world. you can restart anew life. do it now. if you love your family, you will think which solution is the best.
2007-01-27 21:22:08 · answer #4 · answered by Anonymous · 0⤊ 1⤋
no.....be patient think about all the stuff u and ur wife can do to clear all the problems.....ok...now u are working apply for partime and casual works in other places so u can do in weekends and nightduty....put up a garage sale and sell all the unnneccesary things at home for small prices like 3 dollars or 2dollars or like 10rps and 20 rps lots of ppl *** to buy it trust me lots of frends tried it /.....ask ur wife to start doing sum kind of small job because of which she can earn a bit and when u put ll these together u get a lot!!!
gety small amount of loans from each relative or known frend i mean little from many different people u trust ...then u can easily repay them slowly...in this way u put up a lot together..........
suicide is not a way to solve things and even thogh thats ur thought how will ur family survive be reasonable......if u dnt hav money it means ur family doesnt either....ull die but what will they do theyll also die not beause of money but because of starvation and nobody else to depend on.....
so think very patiently and reasonabely
2007-01-27 21:30:46 · answer #5 · answered by Sushmita N 2 · 0⤊ 1⤋
Sucide is not & never the naver the answer for any problam ,U r asking others to help ur kid while u urself is thinking of putting in such misery. Talk to ur friends ,family ,parents ,wife ,relation whoever u feel comfortable with some solution will come out. Think of ur wife & kid what they would have to face. Try start fresh.
2007-01-27 21:36:16 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Go to some religious institution and devote your balance life there,because no one in this world will belive you.
2007-01-27 22:07:44 · answer #7 · answered by vivek_hawaldar 1 · 0⤊ 1⤋
hey this not a solution....think bout ur family.......you can start ur lyf again......meet a banker personally,tell him ur prob....nd try to find a new job.........
think if u'll die wat will happen to ur 3YR OLD KID???????do u want ur kid to suffer his whole lyf??????
hey try to find a new job....god will help u.......
my wishes r wth u. um sure u'll handle this situation......have faith in u nd god....
2007-01-27 21:33:05 · answer #8 · answered by Anonymous · 0⤊ 1⤋