CITIfinancial — Interest rate is very high

Hi Aravamudan,

What an unexpected situation is this?. You know almost everyone owes to someone. Probably no one is rich. No one think about others. Everyone is after money and power. But no one has won. Anyway, Below are my suggestions.

1. Don't owe any more and if you have credit cards, just in case, close those accounts.

2. If you have something worthy and unused, sell them and have some money.

3. Talk to your friends and relatives about your problem and ask some money that you pay back after a long time without interest.

4. Limit your spending limits. It's very important to save some money by limiting spending limit. Live simple life.

5. Try to find some odd jobs or try to start your own business, i mean very small business, like selling food or vegetables on the pavement. If you know how to prepare food, you can earn money selling juck foods.

6. Be patient and don't give up. There is no reason to mentally depressed. Look around the word, there are plenty of people who don't have anything to eat. Look, when you cry for a pair of slippers, there are people who don't have legs to wear shoes.

7. Don't waste your time. Read and learn how to earn money. Don't spend money for junks. Never, never be addicted to alcohol. If you do, it definitely degrades your strength. Don't be a drunker.

8. Don't get angry with yourself and with your family and friends due to your economical situation. Eventually everything will be your family.

9. Attack your debt little by little. Don't spend every single penny to pay off your debt. Save some bugs for emergencies.


Keep in mind, problems never last forever. If you can remember anything from your childhood, look no more those problems. Believe me your problem is temporal. It will go way. But you have to be smart. You have o be active. You have to be open. It's always better to think twice before you do something in order to prevent situations like this in future. Anyway it's the life. Don't worry. You will have a debt free and wonderful life in future. Just plan your life in a path that is not going through debts.

There are no magics in finance. You need time. Be practical. Be patient. Don't hate anyone. Try to maintain your smiley face all the time. It will attract fortune.


Kodiweera, new york