I’m working in private sector and got a loan of Rs.300000/- from private bank and repaying around 14000/- EMI and there were about 23 months to be paid and the total tenure was 48 months.
Further, I miss used my credit card and the outstanding amount is around 3.5 lakhs. The minimum due is coming around 20000 INR.
However my salary is 33000 INR and I tried to get it cleared the credit card outstanding amount partially getting financially help from my friends/relatives. Due to family finance problem, it forced me to withdraw money thru’ credit card multiple times and finally the outstanding amount in credit card is around 3.5 lakhs again.
Currently, I’m not able to repay the loan or the credit card outstanding amount or credit card minimum due of Rs.20000 INR.
Moreover, I’m not able to get financially help from my friends or relatives or PL from company is also not possible.
Since I had not properly maintained my expenses, it’s dragged me to corner of my life financially and not able to get out from the pitfall.
Please give me an idea on how I can clear my debits in terms of deal with bank and any other ways to handle it.