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 i got 1 million of debt, what shall i do?, debt& financial planning

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prody
post Nov 11 2014, 01:15 PM

Dance while the record spins
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1,548 posts

Joined: Apr 2005


QUOTE(homosapien8888 @ Nov 10 2014, 06:36 PM)
hi , my debt is about 1 million, hope to get advice from  sifu here
i got 50k cash now, how should i use it now?

house 1 , debt 443k installment 2600/month , interest rate blr-2.3 - no rental
personal loan 41k, 24 month now left 18 month , rm1815, interest 3.13%
house 2, debt 460k - DIBS, will need to serve the installment 1Q 2015, installment about 2.1k a month, BLR-2.4
car loan , 100 k , interest 2.48 % monthly installment 1874, 5 year,

how should i restructure my debt?

my income to debt ratio is 90 % at this moment
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How much money are you going to have left every month after paying your 4 installments? (Net salary for you and your wife - 4 installments)
prody
post Nov 11 2014, 10:39 PM

Dance while the record spins
******
Senior Member
1,548 posts

Joined: Apr 2005


QUOTE(homosapien8888 @ Nov 11 2014, 05:16 PM)
loan for fun smile.gif rclxm9.gif
coz interest rate low.
the bank officer keep calling me for the loan
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Haha smile.gif

 

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