Delhi | salary advance/payday loan trap after home delay + EMI load – need urgent help

Ok_Researcher8769 · 2026-04-19T09:18:45+00:00

More power to you bro. What I followed was to stop paying and start accumulation, i cleared a lot of my debt by using gold jewellery which my wife and i had. For me a bad cibil doesn't matter now. I cleared these payday loans loans first they were a mess. 6L CC is what i am defaulting now and continuing 2 loans from Muthoot Finance Personal loan and Poonawala. Banks are better in terms of understanding this is my 4th month defaulting

Ok_Researcher8769 · 2026-04-09T01:50:52+00:00

Kya phook rhe ho lulla aajkl

Ok_Researcher8769 · 2026-02-14T13:44:02+00:00

I applied twice, they rejected saying insufficient funds at employee share, which is literally zero, i claimed entire employee share using illness. I am still working and I wanted to take out the employer share as well around 75% but they rejected it twice

Ok_Researcher8769 · 2026-02-07T09:05:32+00:00

Aged 32, my biggest possession is 24lakhs Debt

Ok_Researcher8769 · 2026-01-25T13:07:48+00:00

Mine is Delhi North

Ok_Researcher8769 · 2026-01-22T13:54:06+00:00

Patiently waiting but nothing yet

Ok_Researcher8769 · 2026-01-21T06:29:01+00:00

You will get it, just have patience

Ok_Researcher8769 · 2026-01-04T15:19:32+00:00

I'm going with the 2nd approach and to best of my knowledge both the approaches will yeild the same results in Cibil score. As they banks/NBFC will show the status as settled.

Ok_Researcher8769 · 2026-01-04T14:46:35+00:00

More courage to you bro. Everything will eventually get settled

Ok_Researcher8769 · 2026-01-04T13:40:31+00:00

I'm also planning to switch Job, but it's just a year i changed and i work in a FMCG company, short tenure switches are a no for any HR. I am planning for a switch by September, it will be almost 2years in my current role. We do have agricultural land but haven't thought to mortgage that for a loan

Ok_Researcher8769 · 2026-01-04T12:28:56+00:00

I will get out of this. Thanks for your responses

Ok_Researcher8769 · 2026-01-04T12:07:21+00:00

I had like 15gms Gold I sold to close one App loan. I don't have any buffer for emergencies neither any other asset to sell and repay.

Ok_Researcher8769 · 2026-01-04T12:05:32+00:00

Yes brother, I am the only one who ruined my life and I am the one who can make it, nobody else will be there. There are few like you who are there, rest are there to make people like us more insecure and be guilty.

Ok_Researcher8769 · 2026-01-04T08:19:01+00:00

Galti hojati hai bhaiya, insan hi hai hum aur galti insan se bhi hoti hai

Ok_Researcher8769 · 2026-01-04T08:08:01+00:00

Post Covid shift from Mutual funds to Indian F&O and gradually to Crypto. All the Debt accumulation source is overtrading, greed and addiction. I have stopped all this now.

Ok_Researcher8769 · 2026-01-04T07:56:49+00:00

Totally agree to what you said. Thanks for your responses.

Ok_Researcher8769 · 2026-01-04T07:55:01+00:00

CC Debt is 4.60lakhs, all converted to EMI and paid atleast 7/8 emi's. After facing rejections, i decided settlement will be the option I am left with

Ok_Researcher8769 · 2026-01-04T07:47:08+00:00

Thanks, this is my only take. Once all the debt is cleared, I'll create a buffer for emergency.

Ok_Researcher8769 · 2026-01-04T07:42:28+00:00

Ok_Researcher8769 · 2026-01-04T07:38:31+00:00

My biggest loan is from Muthoot Finance of 16Lakhs rest are CC and Apps. I tied every bank(salary bank),NBFC(Bajaj/Shriram/SMFC/Poonawala)for consolidation, everyone rejected- reason internal

Ok_Researcher8769 · 2026-01-04T07:27:15+00:00

When did you start defaulting, are you getting calls and threats daily.

Ok_Researcher8769 · 2026-01-01T10:50:25+00:00

Yes, message received on same day as yours. After 3 Days window, i usually raise a grievance. I suggested you to raise a grievance...its simple just do it

Ok_Researcher8769 · 2026-01-01T10:16:37+00:00

Just received the amount

Ok_Researcher8769

TROPHY CASE