Help My friend has a lot of debt and no money?What can he do??!?

He recently changed jobs so he could make LESS money? Well that means one of two things. He either has to reduce his living expenses to fit into his lower income or he needs to find another part time job to supplement his inadequate income.

Bankruptcy will not solve his problem of living beyond his means. Why did he take a job that paid less? How was he expecting to make ends meet on the lower income.

Ok He can do one of a couple of things. A/ he can go to his

state or provincial credit counselling organization (you can

google this) They are non profit organizations that will contact

his creditors and try to arrange a repayment of his debts on

a schedule that will meet with his salary. He will have to provide them with all his documentation regarding debts owing and salary and assets.

b/ he can contact these peple himself and tell them his

situation and see if he can work out the schedule himself.

Lastly he will have to get a second job no matter how menial to meet his expenses and his debts. Most creditors would

rather have a pay schedule than the expense of taking someone to court and basically getting nothing.

Good luck!

Do now not lend her cash. It will damage your friendship. There are few matters she demands to do: a million. Stop utilizing bank cards two. Budget: Create the cheap that entails a minimum of five% of her earnings to repay her debt. She demands to reside inside her way three. Phone the bank card manufacturer: Explain the challenge and inform them a. Created the cheap that makes use of five% of earnings to repay debt b. Ask to decrease the curiosity to a minimum of 10% because the funds handiest allows for for an curiosity of 10% (ensure the numbers again this up) - pay attention plenty - avert speakme - operators hate silence. Good good fortune

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