If you are facing financial difficulties due to bank loans what is your option?

Hi all, What would you do if you have huge loan with banks due to credit cards, personal loan, hire purchase and housing loan? How do you settle them? If there is a way and means to reduce them without paying professional fee or commission would you consider? I welcome good and serious answers to go to the bottom of this. Fellow Malaysians, lets see how good we are in addressing this.

Email me if you are interested to join my community.

If you are facing financial difficulties due to bank loans what is your option?

Promoting other communities at yahoo answers is against their rules.

If you are facing financial difficulties due to bank loans what is your option?

I learned this from Dave Ramsey:

1. save a thousand dollars and put away as a rainy day fund.

2. pay the minimum on all credit cards except the one with the lowest balance. Put all your extra toward the smallest until it is wiped out. Then apply toward the next smallest and so on.

3. Save 3-6 months expenses-set it aside

4. Max your retirement savings.

5. Use extra cash to pay of home loan.

This really only works if you design a budget, so you are telling your money what to do. Often times, just eating out less and tightening things up will provide you with a lot of extra cash. Also, when you put your money to work in this way, often your income increases. It's amazing, but true.

If you are facing financial difficulties due to bank loans what is your option?

GET HELP

If you are facing financial difficulties due to bank loans what is your option?

Dave Ramsey is aw some. I am doing that financial peace thing,

It is hard but it works. There is no easy way out. But it is doable.

God bless you keep fighting. Learn from this. Read Dave Ramsey book he is good. If you don't get educated and stop the decision making and behaviors that got you in debt you will get right back into debt. God bless you and hang in there/