How do you deal with debts?Dear ISCians,
My dad passed away recently, leaving an unsecured and undisclosed debt which accounts more than 36K at 5% interest rate a month. I'm really confused at this point with the two terms 'Unsecured' & 'Undisclosed'. How to pay and sort out this debt taking into account that my daily wage is just 280 on regular basis and 300 for temporary one is a question that is worrying me. I couldn't say it's a debt for me because I took the money as loan from 'Mother's Association Group' for my dad's funeral expenditure.
In Christian funeral (in Nagaland), the expenditure is way beyond the budget of poor people like me. I agree that donations is to be considered but unfortunately, outstanding expenditure has raised my debts.
Its a kind of headache dealing with debts. Do you have any suggestions please? How do you deal with debts?