Date:
Name:
E-mail:

Message:

City: Bangalore
Employement Status: Salaried
Date of Birth: 22-01-1977
Earning Members: 1
Dependants: 1
Net Salary: Rs. 48000
Assets
Property: Rented
Vehicle: Financed
Other Assets: Pledged
Loan Details
Loan Type: Personal Loan
Loan Amount: Rs. 400000
Tenure: 60
Emi: 9516
ROI: 15
Emi Paid: 21

Loan Type: Personal Loan
Loan Amount: Rs. 250000
Tenure: 60
Emi: 6013
ROI: 15.5
Emi Paid: 10

Loan Type: Twowheeler Car Loan
Loan Amount: Rs. 350000
Tenure: 36
Emi: 11501
ROI: 11.25
Emi Paid: 28

Card Details
Payment Due Status: M A D
Outstanding on Card: 103000

Payment Due Status: M A D
Outstanding on Card: 110000

Payment Due Status: M A D
Outstanding on Card: 101000

Payment Due Status: M A D
Outstanding on Card: 258000

Payment Due Status: M A D
Outstanding on Card: 135000

Query: The details of my loan and credit card dues are listed above. Please tell how can I consolidate my debt.Every month I need 20-25k more than my salary to pay the emis and min amounts of credit cards.

Date:

Message:

Dear

Ask the bank to convert your credit card outstanding into emi's, this will reduce the burden of payable amount. Try to go for a longer tenure so that the per month emi will be less and whenever you have enough cash available with you,pay them in one go.

You can also take a top up on your running car loan, with the amount in hand you can pay your credit card outstanding.

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.

Please revert with any clarifications on the above answer.