22 M Stuck in a Bad Debt Situation
Hi Guys
I am stuck in a bad debt situation from only Instant Loan Apps.
Background - I earn 42k per month. I recently started using these instant loan apps, seeing my friends at first, I thought these were a good way to manage expenses, as I would not have anything left at the end of the month. So my friends suggested taking a small personal loan
to manage my expenses. Honestly, I have been pretty bad with personal finance my whole life, so it has messed up the situation more.
I have a total debt of 33,787 across 4 apps, and If i only pay emi's for the next month, that would amount to around 13,013.
I have tried seeking help from a registered counsellor, but he stated that my case is not serious enough.
I need help from experienced people here to not only give me a few tips to end this bad debt asap.
But some advice to also make good financial decisions in the future.
Thanks in advance