Date: 2009-06-03 21:43:48
Name: QQQ
Message:

City: Kolkata
Employement Status: Salaried
Date of Birth: 11-05-1977
Earning Members: 1
Dependants: 2
Net Salary: Rs. 100000
Assets
Property: Financed
Vehicle: Financed
Other Assets: Owned
Loan Details
Loan Type: Property Loan
Loan Amount: Rs. 2972000
Tenure: 240
Emi: 32000
ROI: 11.75
Emi Paid: 24

Loan Type: Twowheeler Car Loan
Loan Amount: Rs. 650000
Tenure: 60
Emi: 14000
ROI: 14.5
Emi Paid: 16

Loan Type: Twowheeler Car Loan
Loan Amount: Rs. 275000
Tenure: 84
Emi: 4225
ROI: 12.5
Emi Paid: 24

Card Details
Payment Due Status: Full Payment
Outstanding on Card: 200000

Query: Wish to consolidate my loans urgently as EMIs plus card payments are becoming unbearable. Also, property registration has to be organised plus about 3 lacs is to be paid to builder. Also my cibil score has come out low therefore other banks are not ready to refinance my homeloan loan from ICICI.Urgently need to consolidate & some personal loan to settle card payments

Date: 2009-06-04 12:38:18

Message:

Dear QQQ,

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

Insurance- www.BimaDeals.in
Loan Gurus tips- www.AskAmitoj.com

Date: 2009-06-13 20:33:27

Message:

The only asset is this house which is financed by ICICI.
Date: 2009-06-15 10:51:20

Message:

Dear QQQ,

Since your CIBIL score is low top-up loan amount will not be possible on the existing loans.Also as you do not have assets to mortgage 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.

Please revert with any clarifications on the above answer.

Regards,

Amitoj Sethi

Insurance- www.BimaDeals.in
Loan Gurus tips- www.AskAmitoj.com