Hi, He needs to consolidate everything. You can DM me for further help.

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.

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

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

Welcome to Personal Finance's Private Community

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

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

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 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 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

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

Software Developer

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

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

I am a middle class boy. Working in Banglore. I am earning 1.5L every month from last 3 yrs. But still I don't have a penny saved. I have to give all my money to my parents. They have huge debts and to avoid extra expenses i am working from home. It is killing my social skill but i am prioritising money over my social skills. I see my friend going to trips all around the world and while me scrolling through Instagram all the time looking at their photos. Still using my college phone and not upgraded to i phone, Uninstalled all shopping apps for unnecessary shopping are some steps I took to save extra money. 
The point is sometimes i feel proud to help my family to come out of this situation, but in the other hand i am losing the most important time of my life. 

I really feel this time i pushing me back by 5 yrs and really don't know what to do...

I haven't saved a single penny in last 3 yrs

Product Manager

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

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

My mother called me yesterday and tells me she got scammed for about 10 lakhs and needs money by Monday. She has 4 lakhs and I will have to cover the rest. Turns out she let a friend take a loan in her name and this friend gave fake jewellery as collateral. The friend took loans under her husband’s name and my mom’s name, she divorced the dude and escaped. The bank called my mom and has asked her to pay, now they’re filing a case against my mom for fraud.

I’ve spent my weekend talking to advocates and friends, and looks like the only way to get out of it unscathed is to cut a deal with the bank saying we’ll pay the money back and they don’t press charges in return. Contesting the bank is going to take time, money and the risk of my mom losing her job.

As an older daughter who grew up in a broken family, I’ve spent my childhood and adulthood protecting my mother and sibling. I finally landed a well paying job 2 years ago and now the responsibility extended to providing for my younger sister and my mother financially which I’m more than happy to do. I’ve worked hard the past few months to save what I have right now beyond what I give my family, use to sustain myself and finally felt happy about the position I’m in.

Now I’m heartbroken. I’m going to be emptying almost 70% of what I have so far for this for paying the bank and the lawyer. Especially for something that’s not even my mistake and something that could have been easily avoided. I’m not in a place to direct my anger at her, I know it’s a hard time for her as well. 


6 to 7 lakhs might sound like a small amount to some but I don’t have the privilege to throw money like that. I don’t have fuck you money. I don’t take money from friends. I’m 25 and literally just started my life 2 years ago after working for peanuts. 

What’s even the point of working hard, leading an honest life if this is how it works? It’s just truly unfair and I don’t know how to deal with it.

I wish life was a little easier and I just need to vent

Me too venting in this space.. 
 //Start if rant 
  
 My father too was frauded by a builder whom we had entrusted building flats on our plot of land. Fcker took booking amount from multiple people and left construction, claimants now coming after us saying its our responsibility to refund even though my father didnot recive any amount. 
 I had to take 18 lakhs loan for my father to complete construction and am all the time calling advocates in assesing risk from claimants who come barging at our home and building site with threats of filling FIR. 
 Every month my one third salary goes in Loan amount, had got a ideal wlb good paying job 2 years back after battling unemployment and low pay for many years. 
 Had planned to take wife and kids on vactaions for making up for lost time but now struggling to fulfill basic needs for family, forgot about vacations. 
 Have taken risk and moonlighting but it becomes hell on days when there is clash between jobs and sometimes lash out on my kids and wife and parents and then get hit by double guilt of not being strong enough.  
 Dont have any backing to face cheat builder who has backing of police and politicians, claimants coming after us as they have recognized us as soft target. 
 Preparing for 10 lakhs more expenses in multi year litigation trying to probe my fathers innocence. 
 Fcking jealous relatives enjoying all this from distance. 
 Fck this world. 
  
 //End of rant

Software Engineer

Growth Manager

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.

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

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