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.

Cloud Architect

Account Executive

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 r...

Welcome to Personal Finance's Private Community

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 🪤 !

DEBT 💸 TRAP 🪤 !- 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

Next month I'll (26M) be taking a personal loan of 10L to pay off my family's borrowings. 

1. Any tips on managing the loan?
2. I have a good credit score so I can get it through a national bank like HDFC, SBI, etc.
3. Shall I pay it off in one instant in future or keep paying EMIs? I say one time payment because we plan to sell some property in future to get liquidity. 
4. Anything else I should take care of? 

I have savings of around 5L and I have a stable job for next 6-12 months (it's a startup so things are lil shaky right now). I plan to find freelance projects and increase my income. But this is the first time I will be taking a formal loan so it seems like a big and long commitment. 

Thanks!

Getting a loan soon, anxious about it

Founder

I am a IT employee and have lots of debts, can any one please help me with 65 lakhs, I will return in 1 year with interest. Please some one help me out. It's my life and death situation.

Human Resources

I had been intending to apply for a home construction loan, but my circumstances have shifted due to a recent layoff. Regrettably, I was affected by the layoff, and my January pay slip reflects the final salary payment. Since banks typically require the last three months' salary slips, and the January slip includes additional details, I'm concerned if this might pose an issue. If I disclose this to them, they may request further documentation such as a new job offer letter. I'm seeking guidance on what options are available and what actions I should avoid. Waiting an additional 2-3 months for a new offer letter and salary slips is not preferable to me.

Home construction loan / Layoff

Software Engineer

Mention your total investments (Stocks, MFs, FDs, Cryptos, real-estate, gold etc) and your total net worth (investment assets' current value + hard cash + bank account balance) and also your age.

PS: Don't include paper money / ESOPs

Mine:
 28L in stocks, 5L in cash, 1L in gold (bought it for mom) :P, no crypto
Age:28

What is your net worth (Mega 🧵)

Operations Analytics

Dear Friends,

I am writing this with an urgent request for financial assistance.

Due to unforeseen circumstances, I am currently facing a financial challenge that requires immediate attention. This situation has placed me in a position where I must seek external help to manage the financial burden.

I am seeking a Financial help of Rs 3 Lakh to cover the immediate expenses. I assure you that this is a temporary setback, and I am committed to repaying the Amount within 4 - 5 months alongwith 3% interest. 

I understand the weight of this request and appreciate any assistance you can provide. If you need any further details or documentation to support my request, please let me know. 
Regards 
P K Rawat.
Contact: 8800941846

Required Urgent Financial Assistance

Finance Consultant

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

Currently working as marketing executive in a pvt company. 
Last week I have applied for personal loan to bank of baroda and axis bank, after analysing documents and cibil score they have rejected my application. 

Now what should I do? 
Salary - 27k 
Yoe - 6 months
Cibil score - 758 
Require loan amount - 2-2.5 Lakhs

Aap log batao aage kya kar skta hu ? Paisa bahot zaruri hai.

Personal loan rejected!

Welcome to Confessions's Private Community

Despite my considerable efforts, I have unfortunately failed at building my startup. I have lost all my savings and incurred a substantial debt from friends and family, amounting to close to 50 lakhs. Additionally, there are credit card debts that have adversely affected my CIBIL score.

At age of 29, I have transitioned to a full-time job again that pays 30 lakhs per annum. Navigating through this challenging financial situation seems impossible. Any advice on how to manage this.

Failed Startup and debt

Operations 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

Welcome to Ask Grapeviners's Private Community

I gave 50k to someone and now he is not returning back. Giving excuses everyday. I need that money badly. Tell me ways I can get it back.

How to get money back from a person?

Software Developer

Welcome to Indian Startups's Private Community

I'm building a platform like Paisa Bazar, where I will be selling credit cards (I have a online distribution network from where I'll be diverting users)

On very cards landing page I want to list all offers for that particular card, From where can I get all these offers.

Questions form finance industry veteran and Ninjas

27M

Hey guys, need your guidance on how to handle this

2016- My brother started a powder coating business which become flop by 2020 because of poor planning and spending the loan cash for his personal expenses which made us fall into a debt of INR 35 lakhs. 

So we sold a land near our home and cleared all the debts

had some decent amount left along with it I took a home loan to renovate my home and we completed marriage for my brother also. 

Everything completed, My brother started to work in a Automation company and he earns INR 20k/m which is a decent salary in cbe

2024- He is again into debt of INR 5L (Online app loans, home credit, loan from friend, cc) because of his poor management,,Currently his salary is 25k. 

Thinking of his wife and kid, I sold some shares which was worth 1L and closed all the online loans, Even though that is done he still pays 14k EMI, balance which is not sufficient to run the family.

Now he’s asking me to help close other loans. I’m already paying home loan and if I take his debt to that will be huge burden for me.

I have some saving of 4L which I saved it for my marriage because no land left to sell and spend for my marriage.
 

Should I need to give him so he can close all the debts or how should I deal this?

Thanks for reading, I appreciate if you can guide me how to deal this

My elder brother is so irresponsible

Folks that got laid off and had EMI’s to pay like Home Loans etc. How are you managing it?

I am not sure if I am earning less or the expenses and businesses are down at a global level generally. But it has come to a point where savings have dried out and the amount of loans have increased just to survive through each month. 

I mainly come from a middle class background and I don’t know if it’s just me or there’s anyone in a similar situation

DEBT 💸 TRAP 🪤 !

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