Date: 2008-08-17 10:09:00
Query : Sir,
the story fits me very well.I sincerly look forward for help from you.
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Date: 2008-08-18 11:12:09
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: 2008-08-24 10:33:34
Message:
HSBC
Initial Loan Amt 415000
|Tenure 60MONTHS
|Rate Of Interest 19%
|EMI 10092Rs
|No of EMI Paid 19
CITITI BANK
Initial Loan Amt 114000
|Tenure 48MONTHS
|Rate Of Interest 19%
|EMI 3450
|No of EMI Paid 19
ICICI
Initial Loan Amt 100000
|Tenure 36MONTHS
|Rate Of Interest 19%
|EMI 38402Rs
|No of EMI Paid 12
HSBC
Initial Loan Amt 415000
|Tenure 60MONTHS
|Rate Of Interest 19%
|EMI 10092Rs
|No of EMI Paid 19
BARCLAYS
Initial Loan Amt 90000
|Tenure 48MONTHS
|Rate Of Interest 19%
|EMI 3300Rs
|No of EMI Paid 8
ABN AMRO
Initial Loan Amt 223000
|Tenure 60MONTHS
|Rate Of Interest 19%
|EMI 55000Rs
|No of EMI Paid 5
cREDiT CARD OUTSTANDNG-200000Rs
Net take home salary 35000Rs.
Ths s the scene.
Please find a suitable soluton.
THANKING YOU IN THE MEAN TIME
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Date: 2008-08-25 10:02:52
Message:
Your monthly net take home is Rs. 35,000 (including quarterly allowances)
Your monthly EMI commitments is Rs. 36,182 (assuming 5 % payment on credit card balance)
Based on the data provided, your eligibility for top-ups is as listed below
Principal Tenure Rate of Interest EMI EMIs Paid Principal Balance Top-up Available
Loan 1 415000 60 16.00% 10091.9937 19 317162.7904 97837.2096
Loan 2 114000 48 19.69% 3450.260239 19 79112.55556 34887.44444
Loan 3 100000 36 22.40% 3839.769573 12 73734.10208 26265.89792
Loan 4 90000 48 31.14% 3300.484378 8 81541.37202 8458.62798
Loan 5 223000 60 16.65% 5500.24389 5 210630.8922 12369.10783
My recommendation to you is as follows
a. Opt for a top-up on loan 1,2,3 & 5. This should generate liquid cash to the extent of Rs. 1.70 lacs without any change in your monthly outgo, but your tenure will increase.
b. If the loan provider is able to offer a top-up with an enhancement, please take up the offer. There will be an increase in the EMI in this case.
c. Use the Rs. 1.70 lacs to pay off card debts as these are typically at 36 %.
d. This should bring down your monthly EMI commitments by about Rs. 27,682
e. Use your cards sensibly and pay the full amount due at the end of every billing cycle.
You should ensure that all additional income is ploughed back to ensure that your debt is reduced. Please regulate your expenses and get into a habit of saving a portion of your salary every month. Prudence in expenses is the only trick to stay out of debt traps.
Do get back to me for any clarifications on your personalised debt consolidation plan.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-09-03 10:19:14
Message:
sir,
i had tried for top-up but was not success for loan #1,2,3.Loan no.5 top up is possible after 6 months.WERE CAN I GET LOAN CONSOLIDATION?
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Date: 2008-09-03 12:31:28
Message:
No banks offer a product as a loan consolidation.They do not take over debts.
The other alternate is if 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: 2008-09-07 11:02:58
Message:
sir,
what shuld i do.
can i get a settlement for credit card?What are the shortcommings.
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Date: 2008-09-08 11:08:56
Message:
You can do a settlement on your cards, but that affects your credit score,It is advisable always to make complete payments on our cards.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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City : Faridabad
Employment Status : Salaried
Annual Income : 350000
Type of Loan Running : Yes
Loan Running : pl, other,
EMI Amount : 25000
Tenure : 60
ROI Loan : Yes
EMI Paid : 9 to 12 months
Credit Card Holder : Yes
Amount Due : 88000
Loan Running on Credit Card : No
Residential Status : Rented
Vehicle Owned : Others