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No rich relative? Here’s how you can raise funds

DNMUM405041 | 1/9/2018 | Author : Kumar Shankar Roy | WC :709

Personal Finance

A wealthy industrialist’s struggling business recently received a bailout from his elder brother. The massive relief for the younger brother came at a time when his company was saddled with a mountain of loans and was facing possible bankruptcy proceedings. This is all fine, but the harsh truth is that most of us don’t have such a benevolent and rich relatives who will rescue us from financial crisis. If you are in a loan trap or require money urgently, who do you turn to? The answer to your problem depends on the nature of your requirement, whether you can pledge any asset as security, digital savviness and a host of other things. DNA Money tells you what are the options for the common man. Use assets to raise funds: All of us have
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