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My brother has started a network marketing business by investing required money using credit card. But he has?

My brother has started a network marketing business by investing required money using credit card. But he has not earned enough money through the business and he is unable to pay the credit card debt? How can he come out of credit card debt?

Public Comments

1. Hi, He would have to find a way to get the money. It also depends what type of credit card it is, as many you only have to pay a small percentage each month. If it is in full however he could try ringing the credit card company and coming to a payment agreement. He could also sell some assets or try making money a different way or getting a job somewhere. Hope this helps.
2. By making more money, of course. Sorry it sounds so crass, but it's the truth. You mean your brother JOINED a network marketing firm, didn't you? Those are actually quite difficult to succeed in. Most people vastly underestimate the effort that goes into such a venture. Studies have shown that 90% of those joining a MLM do NOT make any money at all (look for website "MLM the Truth") Little late, I know. --- Kasey C, PC guru since Apple II days Diversification is for the ignorant. -- Warren Buffet
3. I came to know of a company that helped my friend in reducing half of the debt amount. They have well trained professionals and they maintain good relationships with financial institution and creditors.
4. Get a real job