Credit card repayments

Querist : Anonymous (Querist) 18 April 2017 This query is : Resolved
I have three credit cards and I have a total principal amount due on them of around 2lacs. I lost my job in Sep 2016 and panicked badly as I didnt manage to get another till Feb 2017. Now my salary is 55000 per month against 65000 I used to get earlier. My 4 yeard old daughetr has just got admission in a school and her fee is 21000 a quarter, i.e. 7000 per month.I am willing to make small EMI payments towards my 3 credit cards but none of them have offered any assistance. I am getting too many abusive, obscene and harassment calls. I am badly in depression but only managed to keep up because of my daughter. Please guide me what I can do here

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Sudhir Kumar, Advocate (Expert) 18 April 2017
Debt on head = 3 month pay? and sending small child to costly school.

Then finding legal option.

Kumar Doab (Expert) 18 April 2017
AQ,NO reply.

Sudhir Kumar, Advocate (Expert) 19 April 2017
reduce your expenses and pay the bet. it keeps increasing with each day when sun rises.

P. Venu (Expert) 19 April 2017
There could be no legal solutions when you are in a hurry to live beyond your means.

R.K Nanda (Expert) 19 April 2017
no reply 2aq.

s. ganesan (Expert) 19 April 2017
Better cancel all credit cards. then only you can pay the balance amount. If you default more and more you CIBIL score will be against you. You cannot be able to get any other loan from any other bank or institution.

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