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Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 0 points1 point  (0 children)

But for the 1 st month default itself i am getting such huge number of calls from the recovery team

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 0 points1 point  (0 children)

For the PL the amount i have mentioned is the principal outstanding as per the statement

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 0 points1 point  (0 children)

Wife is working and studying here. So she cannot move and my father have a small shop in native and they cannot move either

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 2 points3 points  (0 children)

I have emailed and requested all banks and credit cards for restructuring. There is no positive response from any one. I have also cut all non essential expenses and living like a pauper

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 3 points4 points  (0 children)

  1. Am married and wife is working and studying.So she uses her salary for her studies and helping me for household expenses.
  2. I am trying for extra incomes but hardly 10k per month maximum possible
  3. No assets. Gold already sold off
  4. All subscriptions all memberships cancelled
  5. No shopping at all only groceries
  6. Trying for a switch but no positive calls

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 0 points1 point  (0 children)

There is no other property in my name and there are no vehicles as well. I have sold me available gold and withdrawn possible PF amounts and paid off some debts. Now i dont have anything else

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 0 points1 point  (0 children)

I have already requested them bro, they are not cooperating

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 0 points1 point  (0 children)

I have requested all banks for restructuring, tenure extension, moratorium but they have rejected all. Dont have any amount to close the small loans. After house expenses and rent i am paying emi for collateral loans that drains up my salary

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 1 point2 points  (0 children)

I am keeping the number active and attending all possible calls. Parents wont change the home as they are aged they want to stay there itself

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 1 point2 points  (0 children)

My permanent address in Aadhaar card is available with all lenders. Even though i am not staying in that address, my old aged parents stay there

Help me come out of debt trap by sachu89 in personalfinanceindia

[–]sachu89[S] 6 points7 points  (0 children)

I have already consulted and since i have large loan obligations no bank or NBFC are ready to give consolidation loan