Date: 2008-04-30 09:19:59
Message:
City : Bangalore
Employment Status : Salaried
Annual Income : 336000
Type of Loan Running : Yes
Loan Running : pl, other,
EMI Amount : 10300
Tenure : 36
ROI Loan : Yes
EMI Paid : 6 to 9 months
Credit Card Holder : Yes
Amount Due : 205000
Loan Running on Credit Card : Yes
Residential Status : owned
Vehicle Owned : 2 Wheeler
Query : Hi I have No Problem Paying 15000/- a Month EMI Consolidated...
But Credit cards (3 Cards = 202000/-) have truly blocked by Financial Flow or any turnover by putting in CBIL. Now I have No Option Left to pay my debts. Please help.
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Date: 2008-05-05 09:48:36
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
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Date: 2008-05-05 12:27:08
Message:
Name Amount Rate Intrest EMI Start Total EMI Paid EMI Paid Amoynt EMI Paid EMI Balance Balance Amount EMI
1 ICICI 90000 2675 12/1/2006 36 17 45475 19 50825
2 Citi Bank 90000 4320 8/5/2007 24 10 43200 14 60480
3 Future Money 60000 3120 2/5/2008 36 3 9360 33 102960
Credid Card Issued Date
1 ICICI - Silver 40000 12/6/2006
2 ICICI - Gold 60000 6/12/2007
3 HDFC - GOLD 90000 5/10/2007
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Date: 2008-05-05 12:32:22
Message:
Name : Amount : Rate Intrest : EMI : Start : Total EMI : Paid EMI : Paid Amoynt EMI : Paid EMI Balance : Balance Amount EMI
1 : ICICI : 90000 : : 2675 : 12/1/2006 : 36 : 17 : 45475 : 19 : 50825
2 : Citi Bank : 90000 : : 4320 : 8/5/2007 : 24 : 10 : 43200 : 14 : 60480
3 : Future Money : 60000 : : 3120 : 2/5/2008 : 36 : 3 : 9360 : 33 : 102960
Credid Card's
: : : Issued Date : : : : : : :
1 : ICICI - Silver : 40000 : 12/6/2006 : : : : : : :
2 : ICICI - Gold : 60000 : 6/12/2007 : : : : : : :
3 : HDFC - GOLD : 90000 : 5/10/2007 : : : : : : :
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Date: 2008-05-23 19:18:59
Message:
Opt for a top-up on loan 1 & 2. This should generate liquid cash to the extent of Rs. 75,000 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. 75,000 to pay off card debts as these are typically at 36 %.
d. This should bring down your monthly EMI commitments by about Rs. 3,750.
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.
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !