I have a loan and a 6 credit cards. I used to borrow money from friends and relatives to pay off by credit card. the problem is I can pay my cards but after another month I will have to pay again the minimum payments for the cards and i will run out of cash. now I have borrowed to most of my friends and the people I know. I dont know where to get the money to pay my loan and credit card.
My salary was not enough. I am getting $2800 a month and my payment every month is $4700. how can I survive with this situation. I am in Dubai right now as an expat and i dont want to run away from my responsibility.
The time has come for you to face this situation head-on. While your friends and family were trying to help you by lending you money, they actually did the opposite. Lending you money to continue a situation that has no positive solution only pushes the problem into the future, not resolve it.
I think you’ll have to come to the hard conclusion that you simply don’t have enough money to be able to pay your bills and now is the time to consider bankruptcy. You can click here to find a local bankruptcy attorney to talk to. Make a free appointment, go talk to them and learn the facts. Then, if you need to borrow money from your family and friends to pay for bankruptcy, that’s an investment worth making.
Sure bankruptcy has a bit of a sting to it but taking money from family and friends that can’t be repaid and won’t solve the problem is not a solution.