6 Smart Tips for Debt Relief in India

Assess Your Debt

Negotiate with Lenders

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Consider Debt Consolidation

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Explore Government Relief Programs

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Use Debt Settlement Services

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Create an Emergency Fund

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Assess Your Debt

List all loans and dues. Knowing the total amount owed helps create a realistic debt repayment plan.

Negotiate with Lenders

Contact creditors for lower interest rates, flexible payments, or partial debt settlements.

Consider Debt Consolidation

Combine multiple debts into one loan with a lower interest rate to simplify payments.

Explore Government Relief Programs

Look into government-backed schemes like NPS or Sovereign Gold Bonds for financial relief.

Use Debt Settlement Services

Professional agencies can negotiate reduced settlements with creditors for quicker debt relief.

Create an Emergency Fund

Save for unexpected expenses to avoid relying on loans and prevent future debt buildup.

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