Misc10mo
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.
SwirlyWalrus
#CreditCard
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
11mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
SwirlyQuokka
Slice11mo
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 😜
FuzzyPickle
Amazon11mo
Take it from yours parents.
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Personal Finance12mo
by GroovyBiscuitSoftware Analyst
Stuck in financial debt loop of credit cards.
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.
Personal Finance10mo
by DizzyBananaSupply Chain Manager
Credit card over utilisation
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