Date:
Name:
Message:
City: Bangalore
Employement Status: Salaried
Earning Members: 2
Dependants: 0
Net Salary: Rs. 37000
Assets
Property: Do not own
Vehicle: Financed
Other Assets: Pledged
Loan Details
Loan Type: Personal Loan
Loan Amount: Rs. 200000
Tenure: 36
Emi: 5149
ROI: 12
Emi Paid: 100000
Loan Type: Personal Loan
Loan Amount: Rs. 90000
Tenure: 36
Emi: 3720
ROI: 18
Emi Paid: 40000
Loan Type: Personal Loan
Loan Amount: Rs. 134000
Tenure: 36
Emi: 3789
ROI: 16
Emi Paid: 124000
Card Details
Payment Due Status: Full Payment
Outstanding on Card: 68000
Payment Due Status: More than M A D
Outstanding on Card: 36000
Payment Due Status: More than M A D
Outstanding on Card: 38000
Payment Due Status: More than M A D
Outstanding on Card: 32000
Query: Respected Sir,
As you would have noticed that due to certain earlier compulsions and mis-management my debts have increased considerably! I wanted to arrange for one bigger loan and surrender all my credit cards and close all my loans and pay just one emi for this new loan! But getting such a loan in India is tough! Please please guide me as to how to manage as i am finding going very difficult indeed!
Date:
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.
Date:
Message:
No! I do not have any assets! That's the problem! I am at my wit's end as to how go about this. Problem in India is there are hardly any fool-proof methods of debt consolidation offered! All i can now hope is for a fresh loan to pay all the remaining dues and consolidate everything into one! But getting such a loan is extremely tough though!
Date:
Message:
Dear
Try to approach your nearest branch of CitiFinancial Consumer Finance India Ltd.,as they are offering a Debt Consolidation Loan to the customer.
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.
Date:
Message:
Thank you so much sir! I would do my best and i am confident that from now on i would make sure that I save a bit from my salary and consolidate all my debts!
Date: 2009-09-11 17:22:07
Message:
Dear
Your Welcome.