🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Parag Nath

Hey I am on Medial • 1y

How to move out of the debt trap?

Havish Gupta

Figuring Out • 1y

1) Visit Debtloop (my startup) 2) subtract your needs (food, fixed emi,etc) from your monthly income. Only take fixed emi which cannot be postponed here, not credit card over due 2) now you got the free cash flow per month and use it to pay credit catd debt, etc.

0 replies

More like this

Recommendations from Medial

Image Description
Image Description

exile

bytheexiler • 9m

2. Cred’s Credit Card

3 replies10 likes
Image Description
Image Description

Hawk

 • 

Medial • 1m

Debt isn’t bad; mismanaged debt is. A well-used credit card can build your wealth. Pay on time, enjoy rewards, and watch your credit soar. - Hawk.

10 replies13 likes
1
Image Description
Image Description

AjayEdupuganti

Hey I am on Medial • 9m

Do you use a RuPay credit card with UPI? How often does your credit card bill exceed your expectations? Are you spending more because of your credit card? I just want to understand whether this could become another potential debt trap for Indians

See More
3 replies2 likes
1

Somen's 8D world

Hey I am on Medial • 10m

Buying an iPhone just got a lot easier. Buy now. Pay over time. Get your new iPhone and choose to pay over 24 months with No Cost EMI from most leading banks. So is it good for India. I think No. At the end of 202

See More
0 replies4 likes
Image Description
Image Description

Inactive

AprameyaAI • 8m

India's Youth in a Debt Spiral Soon ? Easy Monthly Installments (EMI): The siren song of modern consumerism. But is it luring India's youth into a financial JHATKA ? 🔌 The EMI Trap Explained: → Attractive low monthly payments → Long repayment per

See More
6 replies12 likes
Image Description

Muzammil P.

DevOps Engineer | Ne... • 2m

hey everyone, I need help. I have come across a case. He has a credit card of SBI bank with an outstanding of Rs. 130k but the guy is not able to pay it now. And he even tried to talk to customer care about this amount Convert it into EMI and then st

See More
2 replies9 likes
Image Description
Image Description

LIKHITH

On ne sait Jamais ! • 9m

STAY UPDATED !! Credit cards usage growing by 22% in india Top 5 players (market share) 1.Hdfc bank = 27% 2.Icici bank = 19% 3.SBI = 15% 4.Axis bank = 11% 5.Kotak bank = 4% Like and follow to stay update & Which Credit card do you have ?

24 replies14 likes
Image Description
Image Description

Sairaj Kadam

Entrepreneur |Founde... • 7m

Understanding Debt Financing: A Crucial Funding Option Hey everyone! Today, let’s dive into debt financing, a vital funding method for startups. Unlike equity funding, where you give up ownership, debt financing involves borrowing money that you’ll

See More
3 replies14 likes
8
Image Description
Image Description

Aryan patil

Video editor, lyrici... • 1y

Did you know that RuPay credit cards offer up to ₹2 lakh in free personal accident insurance coverage, and up to ₹1.50 lakh in lost card insurance coverage. All RuPay credit cards offer free personal accident insurance and permanent disability cover,

See More
9 replies13 likes
1
Image Description
Image Description

Praveen

Hey I am on Medial • 9m

imo, we Indians pay for only 5 things 1. Food 2. House 3. Kid's marriage and education 4. Anything that can give them hope for making rich (like zerodha, stocks etc) 5. Credit / lending

2 replies5 likes

Download the medial app to read full posts, comements and news.