Date: 2008-06-30 15:49:27
Query : I am in lot of debt for credit cards which is in range of 1 lakh.
Also my home loan EMI is around Rs 22591 per month
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Date: 2008-06-30 15:50:32
Message:
To help me prepare a personalised debt consolidation plan for you, I need the following information from your end.
Initial Loan Amt |Tenure|Rate Of Interest|EMI|No of EMI Paid
Loan 1:
Loan 2:
You will also need to list your Credit Card outstanding and Net Income.
Looking forward to your response on this.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-06-30 15:58:41
Message:
Hi Amitoj,
My total outstanding on my ICICI bank credit card is Rs 82000 and on my Standard Chartered Credit card is Rs 16000.
My monthly take home is Rs 32000 and my home loan EMI for ICICI bank home loan is Rs 22591 per month for a loan amount of Rs 22,60,000 for 20 years with Rate of Interset as 10.50% floating. I have payed the first installment on 1st of June 2008.
Please let me know if you require any more information.
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Date: 2008-07-02 11:45:56
Message:
Do you have any assets you can leverage / mortgage / liquidate to improve your cash flow situation ?
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-07-02 11:51:56
Message:
Hi
I dont have any assets which I can levearge/mortgage/liquidate to imporove my cash flow.
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Date: 2008-07-02 14:00:56
Message:
I would then suggest whatever excess income you have first clear off your credit card dues. Also if you can get any supplement income form family members, use it for clearing your card dues.
Prudence in expenses is the only trick.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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City : Pune
Employment Status : Salaried
Annual Income : 441000
Type of Loan Running : Yes
Loan Running : hl,
EMI Amount : 22591
Tenure : 240
ROI Loan : Yes
EMI Paid : Less than 6 months
Credit Card Holder : Yes
Amount Due : 0
Loan Running on Credit Card : No
Residential Status : Rented
Vehicle Owned : 2 Wheeler