Personal loans india is one of the best solution to avail the financial help for an individual. But, it is possible that due to some certain reasons, anyone can feel the scheduled emi as overburden on head. On top of it, this over burden has to be carried on for like 4 to 5 long years. In this case, individual choose two options. Either they would go for the loan settlement or some would prefer to run away from this financial responsibility.
This can be the worst mistakes of all. There are people who first take on a lot many loans and then are unable to repay it back. If you take either of the steps, which are mentioned above, then, you can stay assure of staying blacklisted. And, this will make sure you are blacklisted for at least 7 years. You will not be given any personal loan, you can cry your eyes out for that one small credit card and you will be treated like you are nothing.
In order to keep things hassle free, you should cut your debt size, when it shows a sign of going out of control. One common ground rule which can be followed it that the overall outstanding credit at any point of time should not be more than 1 month of your take home salary. There is no solution of an out of control credit card debt other than paying it in full. Live a life with credit card as if you don’t have one!
In case, things are out of hand you can always consult your respective bank. Your bank is more concerned about the recovery of loan and will find every possible alternate option to do so.
This can be the worst mistakes of all. There are people who first take on a lot many loans and then are unable to repay it back. If you take either of the steps, which are mentioned above, then, you can stay assure of staying blacklisted. And, this will make sure you are blacklisted for at least 7 years. You will not be given any personal loan, you can cry your eyes out for that one small credit card and you will be treated like you are nothing.
In order to keep things hassle free, you should cut your debt size, when it shows a sign of going out of control. One common ground rule which can be followed it that the overall outstanding credit at any point of time should not be more than 1 month of your take home salary. There is no solution of an out of control credit card debt other than paying it in full. Live a life with credit card as if you don’t have one!
In case, things are out of hand you can always consult your respective bank. Your bank is more concerned about the recovery of loan and will find every possible alternate option to do so.
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