I know you wonât be in the mood to hear anything apart from Money, but this is my own experience how I handled the situation.
I am also IT employee and I was in same situation with 50L+ debt five years beforeâĶ But closed almost everything, currently have 2L+..
In my experience, there is no one will come to rescue youâĶ Even your friends, relatives and colleagues.. This is not a bad, because everyone fight with their own burden.. So, donât wait for someone.
Better negotiate with your lender, could be bank, private finance or local people.. Ask time and convey that you are ready to pay with interest. Instead of requesting them, offer them to pay with full interest as long as you delayâĶ
Repeat one thing continuously, Raise your hands and tell them this is what you can do as long as they go any extreme.
Make them believe that you will pay amount, even it takes times.
Even any kind of worst financier in the world, he need one thing that supposed to believe that he will get money back ever it takes timeâĶ Rest all are just dramas.
Trust yourself, invest time where you can make more money.. For expanse even the bad situation, I performed well, in one company I got double hike and in another company I got on-site opportunity within 8 month of joining date. It helps me to close debt asap.
What's that you posted
65 lakhs, and you are expecting ppl to give you this money and asking on a anonymous platform. Even banks ask for 10s of documents before giving this much loan, they have recovery process and what not. In case you default what can a individual do beside running after you
Bro you can try and settle it with bank to declare it as NPA and your loan account will be closed. But you will never get any loans from any banks in future due to low credit score. If you are confident you don't need loans in future you may try this method.
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