What happens if someone is not able to pay off the personal loan after losing job in India?
If someone loses his/her job and is unable to pay a personal loan, the following takes place-The financial institution keeps sending recovery notices for three months at a stretchWhen the EMIs still remain unpaid, the lender declares this loan account as a non performing asset (NPA)Thereafter, the financial institution undertakes preparation for starting legal proceedings against the borrower for recovering the duesNo individual can escape his/her liabilities even if he/she loses a job after taking a personal loan.When such a situation occurs, it is best to be honest with one’s lender and explain the defaulting reasons. Always make sure that whenever you have money, the priority should be to pay off outstanding debts at the earliestTry and take your lender into confidence and work out an arrangement likewise. Whenever you get money in hand, pay off the pending amount as fast as you can. This will minimize the damages on your credit score.
How do I get personal loan in India, if I am unemployed?
HelloYou can get a personal loan even if you are unemployed very easily these days. All you need is an email id, phone number and bank account to get the loan amount disbursed.First if you are a student and have valid identification you can get a consumer loan of Up to Rs 25,000 online without the requirement of any collateral. You can avail of this offer at the link below:Loans For Unemployed Students In IndiaIf you have a PAN card then it is easier to get a loan. Apply for a PAN card even if you don’t file Income Tax Returns because it can come handy at any time.You can avail loans from p2p lending websites where rich high net-worth individuals invest their savings on different causes. You can fund raise the money and repay it back over a year. Some brokers provide instant cash loans but they charge a high interest rate and might use strong arm tactics if you default on payments. You can more about such online loan companies atGet Instant Cash Loan Online in IndiaThe Government of India has started several schemes called Pradhan Mantri Loan Yojana which provide loans to weaker sections of the community. You can know more about them atPMRPYHope these links help you in overcoming your financial difficulties and you become prosperous in your living.
My car might be totaled, but I have full coverage insurance...?
It was a self inflicted accident (No other cars or persons involved) when I got into a car accident (hit something and drove into a ditch). At first the dealership said that entire exhaust system needed to be replaced and that was it but then they called and said they might consider it totaled. Now I do have full coverage insurance, but it's in my parents name and they "own" the car (the car is in their names, not mine). If it does get totaled, will the insurance company reimburse our money? My father said they may not. If they don't, then why? If they don't total the car, will they pay for the repairs? Again, if they don't then why?
I want to study abroad, but I do not have enough money. What can I do?
You can apply for a scholarship …I'm from india and I didn't have any money with me when decided to study abroad . After a long search for some scholarships I found so many chances all over the world . I didn't have money and time to prepare for IELTS or any other English proficiency exams. So I couldn't apply for a number of scholarships . But I found Turkey govt. Scholarship (Home - Türkiye Bursları )doesn't need that kind of exams and it's application system is very easy . So I applied for this scholarship . After one month they sent me a message that my application was successful and they invited me for an interview in Delhi. I went there alone after borrowing some money from friends (it's like 2000km away from my home). The interview was very easy for me . After one and half month that beautiful news came to my email .. I was just jumping and dancing when I see that… then I got visa and flight ticket for free ..and ..yup ..now I'm in Turkey… I'm getting a scholarship of 250$ every month besides the food ,accommodation and health insurance. I'm studying well…. Yea . Even poor can study wherever if he have academic caliber.. my dream is studying masters degree in Oxford or Cambridge university. I will study hard until I get a scholarship to study in the no. 1 unv. In the world..In nutshell, you can study anything anywhere if you really want to do it… good luckFind the best scholarship for you from this website https://goo.gl/MwNvxs
Should I study abroad or take a vacation later?
I'm a Third Year Undergraduate Architecture student. I just got accepted to my department's Vicenza Architecture study abroad program. If I go through with this, I will go to Italy for about 3 or 4 months. The thing is, by next Thursday, I have to pay a $500 nonrefundable fee and later I'll get a $10,000 charge on my student account to cover the program fee. Both my parents are retired on disability and we currently don't have a lot of money because my mom retired about a year ago and the money that she's supposed to receive from the government isn't coming until they've reviewed her case and the papers have only just reached Washington D.C.. I know that money is scarce right now: my mom wants me to go and experience Italy, but she wonders if it's worth all the extra money, and my dad keeps joking about how I shouldn't go anywhere and just stay and help out at home. I know that my parents will do whatever possible to get me to study abroad, but that's just what bothers me so much. Should I study abroad right now, reapply if I can and my finances are relatively stable later, or should I just go on a vacation to Europe when I'm older? I know the benefits that studying abroad can do for a person (future employers, for example), but I don't know anymore.
Please check my work! No one else will!?
I've reviewed the first 20 answers. Take a look again at 7, 8, 9, 10, 12, 13, and 20, which may have incorrect answers. Update: While I haven't looked through the entire test, I can suggest that you also pay attention to 21, 25, 26, and 33. I looked over some of your answers for the second half, and the ones I saw looked correct.