Date: 2009-05-31 00:06:55
Name:
Message:
City: Bangalore
Employement Status: Salaried
Date of Birth: 08-09-1983
Earning Members: 2
Dependants: 3
Net Salary: Rs. 225000
Assets
Property: Rented
Vehicle: Owned
Other Assets: Do not own
Card Details
Payment Due Status: Full Payment
Outstanding on Card: 50000
Payment Due Status: M A D
Outstanding on Card:
Query: I have hardly used my card. But they charged me for some unwanted scheme charges. With out my notice the reduced my Credit limit.. After a long conversation with Telecallers, Now I find my Bill amount is almost Rs50,000.00 just because of monthly Interest & other charges.. I am the only source to my family & overall 6 dependents. I have a personal loan too, which I am paying EMI reguarly. Today I find myself elpless. I am in trouble.. Please Help Me...
Date: 2009-06-01 11:47:45
Message:
Dear
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.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
Insurance- www.BimaDeals.in
Loan Gurus tips- www.AskAmitoj.com
Date: 2009-06-02 00:19:06
Message:
Hi Amitoj,
Thank you for your valuable reply.
I have PL since Sep 07 for Rs. 2,50,000/= Duration of 60Months. EMI : Rs.6281/=. This was taken for my marriage. I have no issues paying this Amount till th end.
Main concern is with my Credit card payment. I have an total oustanding of Rs.51,000/=. In which I might have hardly used Approx Rs.28,000/=. Rest all is the interest & some other debit charges. That too for a Priority membership circle scheme. I have not even confirmed & they registered me & charged on my credit card. I fought with the bank(Cust Care) for almost 6-7months but no proper justification & they kept on charging interest & other debit charges.
My total Annual income is Rs.2,25,000/= & total number of dependants are 6.
Please help me overcome this problem.
Regards,
Date: 2009-06-02 22:48:49
Message:
Dear
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: 2009-06-04 15:58:18
Message:
Hi Amitoj,
No as such I do not have any kind of assets which I think I can leverage or mortgage... I have a two-wheeler Kinetic but I think hardly it will fetch me 3-4 thousand.. Nothing else..
Date: 2009-06-05 10:55:52
Message:
Dear
You can then apply for a personal loan and clear your card dues.As the interest rate on your loan would be cheaper than on the credit card.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
Insurance- www.BimaDeals.in
Loan Gurus tips- www.AskAmitoj.com
Date: 2009-06-07 12:23:53
Message:
I already have personal loan, But my query is why should i pay the amount to Credit card, which I have not used or which is charged Unnecessarily.
Date: 2009-06-08 14:27:24
Message:
Dear
Since you have a dispute you need to contact the company of the membership scheme. And inform them that you are not happy with their services. Since you have given your credit card for the purchase it is not liable on the banks side o reverse the amount.You would need to take it up with the company directly.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
Insurance- www.BimaDeals.in
Loan Gurus tips- www.AskAmitoj.com
Date: 2009-06-09 01:03:46
Message:
Hi Amitoj,
I am thankful to you that, you co-ordinated & replied all the queries. I will suggest the same to my friends & family for utilizing the benefits of this sight.
Date: 2009-06-09 09:40:06
Message:
Dear
Most welcome.
Regards,
Amitoj Sethi