Loanની EMI રીટર્ન થવાની ચાલુ થાય તો આટલું કરજો | Ek Vaat Kau
Inability to pay EMIs or debts can be caused by multiple loans, high EMIs, job loss, business loss, or emergency expenses.
If you are struggling to pay your debts, you can communicate with your lender to find a mutually agreeable solution. This could involve a repayment holiday, moratorium, loan extension, or lower EMI.
Debt consolidation is another option for managing multiple debts. This involves consolidating multiple loans into a single loan with a lower interest rate.
As a last resort, you can liquidate assets to pay off your debts. However, this can have long-term implications, such as penalties, charges, and a bad CIBIL score.
If you are considering liquidating assets, it is important to consult with a financial expert to understand the potential consequences.
#bankloan #EMI #debt #CIBILscore #EkVaatKau
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