Please advice I need to come out from this any how..
DEBT - 9 LAKH(marrriage) Cibil - low due to late joining and settlement during covid. Ctc-7 lpa only Not able to switch due to worries. Please suggest what needed to be done..... Thinking to start business for two days in week but this trap is not allowing to start and come out of shell.
Still don't understand why people splurge on marriage citing "once in a life time" thing. Esp going above your means.
It is complete waste of money.
He asked for advice!
Yea I understand but people/society and relative usually compare our marriage with others and they make us fall on this trap but since I am already under that so I wanna come out and focus on career but unable to do so and living under debt loop from so long
If I were you, I would definitely clear all bank / credit card debt first. If you have some gold or luxury items, sell it. You can buy it again. Sell unnecessary items / vehicles. Live a simple life.
It's nearly 1.65
120000 hsbc credit card 45000 hdfc settled amount left due to which my cibil is low.
But how to pay..
I think, before taking any decision think about how your daily expenses and family.
As of now situation is tough, please try to increase your salary and manage your finance. Once you move on from dept then think about business as parallel income.
Last month I asked for location change but they released me and I got project without odc so i move to home state... And now thinking to do some studies but can't able to since everyday on or another is calling for money...
This all started with one hdfc credit card during covid they offered me and I was trapped since then I am suffering and once I did settlement no loan is being granted to me. so for my marriage I had taken gold loan from muthoot finnance of 4 lakh and some saving was there but now loan is more including HSBC credit card overall as mentioned above
There is a simple solution, sell all the jewelry in the marriage and repay all that money but you wont do that because again society pressure.
What is the type and duration of this loan and how much EMI outflow do you have every month?
Bro these are like muthoot gold loan 4 lakh... Where no emi is there pay all and take...
3 lakh i have taken from friends & relatives and one lakh from Hsbc credit card..
