Date: 2008-05-06 15:48:02
Message:
City : Bangalore
Employment Status : Salaried
Annual Income : 450000
Type of Loan Running : Yes
Loan Running : pl,
EMI Amount : 11000
Tenure : 60
ROI Loan : Yes
EMI Paid : 6 to 9 months
Credit Card Holder : Yes
Amount Due : 124000
Loan Running on Credit Card : No
Residential Status : Rented
Vehicle Owned :
Query : I have 3 personal loans running and 3 credit card outstanding. Each month I end up paying almost 20,000 towards card bills and Loan emi. I am thinking of taking another personal loan and payoff all my credit card and cancel the cards. What do you suggest?
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Date: 2008-05-12 15:56:12
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.
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !
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Date: 2008-05-13 09:42:11
Message:
Thanks for replying. Here is the information.
Loan 1:- Amount taken 80 thousand
Tenure:- 48 months
Loan taken sometime in Dec 2005
Loan getting over in Dec 2009
Rate of Interest 16%
Loan 2:- Amount taken 80 thousand
Tenure:- 48 months
Loan taken sometime in Mid 2005 (dont really remember the month but it is going to get over in 2009 Dec)
Loan getting over in Dec 2009
Rate of interest:-16 %
Loan 3:- 2 lacks
Tenure:- 60 months
EMIs paid:- 9
Rate of Interest:- 18%
Total loans:- 3
Credit Card Out Standing 1:- 75,000
Credit Card out Standing 2:- 20,000
Credit Card Out Standing 3:- 23,000
Total credt card outstanding:-1,18,000
Monthly Take home:- 34,000
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Date: 2008-05-24 12:39:42
Message:
It makes sense to move your card debt to a personal loan as the rate on the card debt is about 36% while that on the personal loan is around 15 to 20 %. You should check for top-ups on loan 1 & 2, before applying for a fresh personal loan.
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !
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Date: 2008-05-26 09:49:24
Message:
Thanks a lot Amitoj. I needed this advise. Thanks again. :-)