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Yash Darsh
Yash Darsh
Asked: August 7, 2023In:

I’m looking to pay off my debts as quickly as possible in India, and I could use some assistance. I’m the manager of a small business that serves the needs of Indian university students. We provide them with everything they ...Read more

I’m looking to pay off my debts as quickly as possible in India, and I could use some assistance. I’m the manager of a small business that serves the needs of Indian university students. We provide them with everything they need, from textbooks to food and beverages, and even offer them assistance in the form of tutoring. We are doing pretty well, but in recent months, we have been slammed with a number of unforeseen bills, which have left us in a difficult position financially.

I was hoping that you would be able to provide me with some guidance in paying off my debts as quickly as possible in India.

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  1. Alhamdu
    Alhamdu Active Contributor

    In this situation to clear your debts you have to know that this is a kind of situation that can be solved easily so you don't have to panic The best way to clear your debts is to engage in business maybe you are only into one business you can engage in more than one business so that you can earn moRead more

    In this situation to clear your debts you have to know that this is a kind of situation that can be solved easily so you don’t have to panic
    The best way to clear your debts is to engage in business maybe you are only into one business you can engage in more than one business so that you can earn more money and even pay back your loan

    And you sell other things to people so what you have to do is to avoid giving people your goods or product on credit because as you continue giving out quotes on credit it will result to the situation that debts will be high on you

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Elliot Oman
Elliot Oman
Asked: August 7, 2023In:

I have a question: what options do I have if I can’t pay my bills? I’ve been borrowing money from different people, and now I’m stuck. I’m scared that I’ll be arrested and lose my job. However, due to the fact that ...Read more

I have a question: what options do I have if I can’t pay my bills?

I’ve been borrowing money from different people, and now I’m stuck. I’m scared that I’ll be arrested and lose my job.

However, due to the fact that I do not make enough money at the moment, I will not be able to pay back the loan in addition to everything else that has to be paid for in my life (including rent and food, which are all quite expensive). How can I help?

Can you tell me which options I have?

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  1. Augusta
    Augusta Enlightened Mentor

    How to deal with debt when you can't pay is to adopt workable solutions If you're behind on your bills, don't wait to  get a call from the creditors you owe money to. Start by  Doing the calling  before a debt collector gets involved. You need to call and tell your creditors what's going on, and tryRead more

    How to deal with debt when you can’t pay is to adopt workable solutions

    If you’re behind on your bills, don’t wait to  get a call from the creditors you owe money to. Start by  Doing the calling  before a debt collector gets involved. You need to call and tell your creditors what’s going on, and try to work out a new payment plan with lower payments you can manage.

    But if not consider your options, whether it’s applying for a debt consolidation loan,or credit counseling but whichever way just do something

    You can writes off unsecured debts if you cannot repay them. Any assets like a house or car may be sold.

     

     

     

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