Ask Amitoj- The Loan Guru

Date: 2008-08-29 19:41:05

Query : PRESENTLY I AM PAYING 18 BANK EMI AMOUNT 4 LACS PER MONTH LAST TWO MONTH I AM NOT PAYING ANY EMI DUE TO BUSINESS LOSS I WANT TO PAY SINGLE EMI FOR ALL MY LOANS.CONSOLIDATE OF 18 BANK IS IT POSSIBLE.
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Date: 2008-08-31 12:18:35

Message:

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

www.deal4loans.com
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Date: 2008-08-31 19:29:03

Message:

for today my net income is rupees 50 thousand per month and i do not have any property assets whats the way many recovery agent visit per day in my house ho can i stop them.
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Date: 2008-08-31 19:31:03

Message:

if i go for file a insolvency how much time it will take for this option can i tension free .can i file insolvency after hiding this situation.
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Date: 2008-09-01 12:34:10

Message:

If you file for insolvency it will be only for your company and not towards your loans.As your loans would be taken based on personal income.Hence you would need to pay off your loans.

Please revert with any clarifications on the above answer.

Regards,

Amitoj Sethi

www.deal4loans.com
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Date: 2008-09-02 09:27:07

Message:

IN THIS SITUATATION WHAT IS YOUR OPINION WHAT I DO I AM NOT PAYING MY LOAN EMI LAST TWO MONTHS AND RECOVERY PERSON VISIT MY HOUSE DAILY BASIS WHAT IS THE SOLUTIONS KINDLY HELP ME OUT.
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Date: 2008-09-03 12:34:34

Message:

The only option is to show intention to pay off your loans, in this way the recovery agents may not visit you.And try and pay atleast part of your loans. You would need to regulate your payments, thats the only way to come out of this debt.

Please revert with any clarifications on the above answer.

Regards,

Amitoj Sethi

www.deal4loans.com
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City : Delhi
Employment Status : Self Employed
Annual Income : 600000
Type of Loan Running : Yes
Loan Running : pl,
EMI Amount : 400000
Tenure : 60
ROI Loan : Yes
EMI Paid : 9 to 12 months
Credit Card Holder : Yes
Amount Due : 500000
Loan Running on Credit Card : Yes
Residential Status : Rented
Vehicle Owned : 4 Wheeler