First, if you cannot pay it off in one go, convert your bill into personal loan and emis (talk to your bank directly).  
 Interest rate on credit card upwards of 36-42% and loan would be at 15% most likely.  
 Pay off your emis diligently. Stop spending on credit card at all. (Make your limit as 0 or something).  
 Stop going out unless for work or to buy groceries. Stop all non essential payments like netflix.  
  
  
 On the other hand, if you don’t have the means to pay or don’t want to pay, change your address and phone number and forget about ever getting any more credit 😜

Analyst

Software Engineer

Hi friends ,I have fell into debt trap . I used to have credit card bill of 1.5lac ,everymonth end I will be swiping one card and paying other card..this cycle continues..but suddenly now I realise...

Welcome to Personal Finance's Private Community

Hi friends ,I have fell into debt trap .
I used to have credit card bill of 1.5lac ,everymonth end I will be swiping one card and paying other card..this cycle continues..but suddenly now I realised credit card bill is 4lac..not sure how to stop this cycle.want to be debt free..where to start and how to close...any suggestions? Sorry for my English

#CreditCard

DevOps Engineer

#CreditCard- Grapevine

Hi I am trying to see further options of transferring credit card to bank accounts. All limits exhausted in various third party apps I tried. Any more suggestions as creditors are rejecting my new loans. Only option left for me to access funds is credit card to bank account with less transaction fees.

Credit card to bank account money transfer ideas

Operation Manager

I will complete 3 years as a professional soon. Quit a Big4 to join a startup for better pay and faster growth but despite putting in my best work and leading initiatives, going above and beyond all the time, my peers are all earning better than me doing similar jobs.

i never had a financially aware upbringing. my father put us through hell due to his bad decision making and despite me being very financially savvy, am unable to save any money because im so anxious I tend to spend what I dont have. i had to take up a lot of freelancing to aid my lifestyle but now im busy all the time and have no time to myself. 

idk what to do. idk how much savings my parents have since I live away from them and dad never discusses his larger financial plans with me. he also does not have a stable job even at his age even though I know he is v hardworking and does his best. i feel i will never have enough money to support my parents and myself and feel like im running out of time. also doing interviews to leave this shitty company as well which is lowballing tf out of me. im not sitting idle at all, trying to startup on the side as well. i workout, eat and sleep healthy, have a great social life. the only problem is money which im constantly worrying about. i feel its a generational curse passed down to me. I know I have 10x earning capabilities but its all so vague and uncertain. I have an amazing support system and I know I can talk to my friends about this too. just thought of coming here first

please share stories if youve ever felt this way. open to advice feedback ideas. how did you get out of it? what can I do? 

what are some business/sales roles that pay really well that I can get into as an ex-big4 analyst? i dont think my current profile translates well anywhere. f*ck this company honestly. probably the worst decision I made coming here :(

[rant] 24 year old anxious about his financial future

Marketing Associate

Please suggest a way to get out. I am stuck in a financial situation of extreme debt of about 3000000 with a family monthly salary of 130k and I have a toddler too. Need a quick way to get money to get out of this situation.

Stuck in financial debt loop of credit cards.

Software Analyst

I am earning and expenses or same 50k but I have 10lac credits could you pls help and suggest to get it out and i didn't get loans due to credit score issues

Credit card over utilisation

Supply Chain Manager

He has a total debt of 7lacs including all PLs and credit card bills. His salary is 7lpa. 
Pls suggest how get out of this.

One of my friend has stuck in loan-credit card loop.

Program Manager

Hey everyone , will be starting my professional life this month and I am looking for some credit card recommendations.

Best credit cards for beginners

How to increase my credit score ,  it had fallen due to Over utilisation of Card ♦️♠️

Credit Score

Credit Score kaise badhau friends?

Anyone here! how did you build your financial habits of saving and not using multiple credit facilities. In today's world, due to multiple offerings by companies, it becomes very enticing to take up credit for phones, travels, business. How do we not fall into this trap, before ending up into a debt trap?

trapp

Customer Success

I worked hard to get home loan and paying it on time but had a few important things to do and due to that I had a debt of few lakhs ! Now in a bad situation though if I get time I will be able to repay all of them. Lenders are not ready to give time. Any genuine advice which can help me to get few months of time so that I can repay one by one ! 

Note: situation of my cousin who stay in kolkata with family and work in one of the MNC. Personally I helped him with some money though debt is high so seeking some advice for him to get some time to repay. Thanks !

DEBT 💸 TRAP 🪤 !

Account Executive

I'm 24 and haven't started using a credit card yet. I don't even have one. Am I going right or wrong??

Credit card

Founder

How can I pay the credit card bill through other credit card
What are the other options available?

Credit Card Bill Payment

Product Manager

Hello folks, 
Due to some financial crunch, I'm planning to get a credit card but I've heard from people about the scary stories of credit cards. Can any body who owns credit card can give his experience or any tips what card or how to use the card or any other general advice. 

I just want to use cc for online purchases and maybe in emergency situations. 

Thank you in advance.

Mindful credit card usage

My contract was terminated last month citing restructuring.
Honestly, I saw it coming but wasn't expecting it would hit like this

I tried keeping my mind distracted, but now it has started to sink

I live with parents and they aren't saying anything (they were feeding me before and still are, no change for them)

I have had thoughts of ending all this, but do not have the courage. What if it ends halfway and I am redundant my whole life?

Credit card bills are coming through now and being 42% of my ex-salary wasn't something I was prepared for. I thought I was a sane spender.

How did you tackle being laid off?

Keep looking around, apply and eventually you're bound to get a good job I promise you. Just treat it as a numbers game. Ask your parents help with the credit card bills if you don't have enough corpus, there is no shame in that. You can give the money back to them when you're in a better position. 
  
 You're a nice person from what I know of you in this platform, you got this sis! Ending it all is not a good option for the people who care about you, and you're probably gonna look back later and smile and be glad for making it through

Application Analyst

Consultant

I'm not able to decide on a good credit card. Can anyone suggest one this to me?
My spends
1. Grocery (zepto, Flipkart)
2. Flights
3. Petrol
4. Occasionally e-commerce
5. Bookmyshow
6. International saas subscription
7. Rent (optional)

Yearly spend will be around 4.5-5 lakhs without rent.

*P.S - don't suggest Flipkart Axis credit card. 

TIA

#CreditCard

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