Krisstina “Dear Steve, We’re behind on bills. My husband had to leave his former job when he worked as a delivery driver for a furniture company and his pay became almost non-existant for a few months until he could find another job. We were good enough to stay afloat for a while we were ahead …
Ravi “Dear Steve, I just lost my h1b visa (work visa) for US and now i have to leave US in next 3 weeks and go back to my home country India. I have a total 15000$ debt on my credit cards and a charge card from AMEX. as i am not in the position …
Ram “Dear Steve, This is Ram from India and i am almost drowned into the debts. My monthly earnings after my business and house expenses are Rs.25000(the max). I have debts to the extent of rs.30lacs of which rs.4lacs(against full surrender value of my insurance policies) and remaining rs.26lacs(in the form of overdrafts, personal loans …
Rao “Dear Steve, I live in India. I am working in a good limited company. My monthly income is Rs.15000/- permonth. I have 6 Credit cards total dues around Rs.2 Lakhs and Bank Loans of Rs.2 Lakhs (Principal). I some how managed to pay all the monthly payments without default till March 09. From next …
A recent article in the Christian Science Monitor just exemplifies how different consumer debt rules are around the world. In some areas debt collectors can intimidate you and in other parts of the world they can come to your home and office and shame you, grab you or break in. The article is about debt …
It’s tough all over — and not just in the United States. In India, where revolving credit is still relatively new, consumers are struggling under the weight of crushing consumer debt, according to a story in the Wall Street Journal this morning. But it’s not just Indian consumers who are suffering. The banks that handed out this easy money are being hammered as well. Indeed, card companies that