2007-03-25 06:42:18 · 4 answers · asked by going crazy 1 in Business & Finance ➔ Personal Finance
First determine what caused your problem in the first place. Record every cent you spend suing cash, check or credit card. Find out where your money and how many expenses you can cut out to add to debt repayment.
Then you must increase your income. Ask your boss for a raise or get a second job. Sell assets.
Live on a very strict budget until you get your expenses under control. If this is not possible, bankruptcy might be your only answer. Since you are required to obtain credit counseling before you can file for bankruptcy, find a good counselor and see if he can help you lower your debt balances and payments.
2007-03-25 06:50:46 · answer #1 · answered by Anonymous · 1⤊ 1⤋
I was going to say define "riun" but someone beat me to it! Maybe you're in a bad spot but I'd bet you're hardly ruined! If you still have your ability to earn you can fix whatever is wrong. How do you eat an elephant? One bite at a time. The same way you will fix your problems. You can do this. You have to take some action. That's all. Learn from the experience and someday you'll look back on it and laugh.
2007-03-25 16:11:26 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
Define financial ruin. There are several programs available that will help but they depend on your situation.
Are you deep into debt?
How much do you owe total compares to your annual income? Is it more? Less?
Is your credit rating damaged?
What is your credit to total debt ratio?
Or-do you just have a crappy job that doesn't pay the bills?
John FP
2007-03-25 15:52:41 · answer #3 · answered by JOHN P 1 · 1⤊ 0⤋
get off the computer and get a job
2007-03-25 13:50:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋