Misc5mo
by ZoomyUnicornPhysics Wallah
One of my friend has stuck in loan-credit card loop.
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.
CosmicRaccoon
DEBT 💸 TRAP 🪤 !
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 !
7mo ago
Find out if you are being paid fairly.Download Grapevine
PrancingPenguin
Microsoft7mo
Pay debt with highest interest first such as bnpl or credit card and avoid defaulting such debts. For long term debt the interest rate is cheapest so try increasing tenure by talking to lenders but after a time period increasing tenure does not reduces emission so keep that in mind.
PrancingPenguin
Microsoft7mo
*emi
CosmicRaccoon
Amazon7mo
Thanks will share with him
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