POSTED BY November 10, 2010 3:13 pm COMMENTS (4)ON
I have a problem related to resolving my debt burden
I work for an MNC earning 85,000/month. My monthly expenses(incl rent) come to 25,000.
I have 2 loans, a home loan for which I pay an monthly EMI of 20,000 and a education loan which is about to start with an EMI of 37,500 per month. I have an MBA from a top 10 b-school, so the heavy emi’s. Also, I have another debt of around 6 lakhs taken from my friends for my MBA which I need to pay in the next 3 months.
I am in a spot of bother as you can see. My monthly expenses are high as I need to take care of my parents who are in a different city. Wonder if a personal loan would help. I am hoping an international trip might help but that is not going to happen in the next 2 months atleast.
Thanks in advance.