Date: 2009-02-19 11:09:33
Name: DEF
Message:
City: Mumbai
Employement Status: Salaried
Date of Birth: 21-12-1978
Earning Members: 1
Dependants: 2
Net Salary: Rs. 90000
Assets
Property: Financed
Vehicle: Financed
Other Assets: Owned
Loan Details
Loan Type: Property Loan
Loan Amount: Rs. 1500000
Tenure: 240
Emi: 15000
ROI: 11.5
Emi Paid: 6
Loan Type: Twowheeler Car Loan
Loan Amount: Rs. 330000
Tenure: 60
Emi: 8730
ROI: 10.5
Emi Paid: 20
Loan Type: Personal Loan
Loan Amount: Rs. 1000000
Tenure: 48
Emi: 45000
ROI: 17
Emi Paid: 30
Card Details
Payment Due Status: M A D
Outstanding on Card: 800000
Query: I know i am in a mess, i want to consolidate my Debt, close my credit cards. I need your help to do so. I am now getting into a lot of stress.
Date: 2009-02-20 14:01:31
Message:
Dear DEF,
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
Date: 2009-02-20 14:05:24
Message:
i have a home with a market value of 30Lakhs and i have a mortgage of 15 Lakhs on it. This loan is through HDFC at 11.5%.
Date: 2009-02-23 16:01:10
Message:
Dear DEF
You can try and avail of a top-up loan on your home loan since the property would have got appreciated. Use the funds to clear your card dues first as the interest rate is higher on the card.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi