I was in a very bad place last June when I got laid off. EMIs worth 70k a month, rent of 38k/month, other expenses and the company didn’t even pay FnF (even today some of it is pending). It was a bad time because I had gotten married and had used up most savings (didn’t have much to begin with) and even had credit card bills on top. I felt the only way out was to get a new job and thankfully I got one. Unfortunately I got the worst manager ever, absolutely incompetent & stupid plus doing politics.
I did get help from family to clear some pending payments which could’ve gone NPA (Parents & in laws). At one point, SBI branch manager changed & the new called me and literally threatened me like those loan apps people. I told him that I’m not willfully defaulting and instead I want your help in restructuring the loan. He accepted my request but didn’t get it done so I had to go to the regional office & do it myself. Thankfully they were understanding and much more professional than this crass branch manager. I’m not even going to talk about the bad experience with loan apps, because you all know how it can be.
I went through so much tension and stress from job and debt that I couldn’t take it anymore.
I WILL FIX THIS!
It’s going to take me some time and possibly a few more stupid mistakes but I’ll do it, for the sake of my sanity and peace of mind.