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HELP! Urgently need funds for Emergency.

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parrrzzzivall

parrrzzzivall

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I am a 20-year-old with 2 Axis Bank credit cards(Flipkart Axis, and Axis Aura) with a shared limit. I am self-employed, and I get a monthly 35,000, but my business is not filing an ITR. My Experian score is 749 and my CIBIL is 758. I applied for an HDFC credit card 3 days back and it is still in progress, I have applied for a new credit card with an axis (axis Airtel). I need some funds urgently, and I do not have enough to open an FD, I have been trying to get a personal loan, but all my efforts were in vain. Also, in my CIBIL and Experian, it is listed that I have a sanctioned personal loan of 20000 from IDFC First Bank but I have not received any money and I do remember applying for them. My requirement is 35000, Please help me to find a way.....
 
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parrrzzzivall said:
I am a 20-year-old with 2 Axis Bank credit cards(Flipkart Axis, and Axis Aura) with a shared limit. I am self-employed, and I get a monthly 35,000, but my business is not filing an ITR. My Experian score is 749 and my CIBIL is 758. I applied for an HDFC credit card 3 days back and it is still in progress, I have applied for a new credit card with an axis (axis Airtel). I need some funds urgently, and I do not have enough to open an FD, I have been trying to get a personal loan, but all my efforts were in vain. Also, in my CIBIL and Experian, it is listed that I have a sanctioned personal loan of 20000 from IDFC First Bank but I have not received any money and I do remember applying for them. My requirement is 35000, Please help me to find a way.....
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Before taking loan make sure you must have a to repay and if nothing works try for loan from apps like ring or kreditbee. But before taking it keep in mind how you can pay that
 
parrrzzzivall said:
I am a 20-year-old with 2 Axis Bank credit cards(Flipkart Axis, and Axis Aura) with a shared limit. I am self-employed, and I get a monthly 35,000, but my business is not filing an ITR. My Experian score is 749 and my CIBIL is 758. I applied for an HDFC credit card 3 days back and it is still in progress, I have applied for a new credit card with an axis (axis Airtel). I need some funds urgently, and I do not have enough to open an FD, I have been trying to get a personal loan, but all my efforts were in vain. Also, in my CIBIL and Experian, it is listed that I have a sanctioned personal loan of 20000 from IDFC First Bank but I have not received any money and I do remember applying for them. My requirement is 35000, Please help me to find a way.....
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Why you need loan & outstanding on axis cards ?

Do u need loan to pay back cc bill ?
 
Another axis card will still be shared, so what's the point?

Avoid trying to use CCs to get cash for actual use. It will instantly become a massive debt trap.

How do you not know if you have an existing personal loan? Go and speak with the bank ASAP. Are you sure it isn't a BNPL scheme like Flipkart Pay Later?

Family and friends are you best option. I'm hoping your urgency isn't to buy something during the current sale.
 
RajeshV said:
Another axis card will still be shared, so what's the point?

Avoid trying to use CCs to get cash for actual use. It will instantly become a massive debt trap.

How do you not know if you have an existing personal loan? Go and speak with the bank ASAP. Are you sure it isn't a BNPL scheme like Flipkart Pay Later?

Family and friends are you best option. I'm hoping your urgency isn't to buy something during the current sale.
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I do remember applying to them but was rejected. you can rest assured that it is not for buying anything on sale.
 
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I need the money to register for my CPA Finals, my dad and I run the business together, and I get to keep my commissions and pay for myself(I live and study in Bangalore). Business is not doing well these days, I need that money by the end of May, i feel all my efforts to get the money was a waste, that is why I posed a question here
 
I have no dependable family or friends, if my family (other than my mom and dad) knows about our situation, then it will be mockery on max volume.
 
RajeshV said:
Another axis card will still be shared, so what's the point?

Avoid trying to use CCs to get cash for actual use. It will instantly become a massive debt trap.

How do you not know if you have an existing personal loan? Go and speak with the bank ASAP. Are you sure it isn't a BNPL scheme like Flipkart Pay Later?

Family and friends are you best option. I'm hoping your urgency isn't to buy something during the current sale.
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so applying for the new card is a bust?? will my credit score take a hit?
 
parrrzzzivall said:
I am a 20-year-old with 2 Axis Bank credit cards(Flipkart Axis, and Axis Aura) with a shared limit. I am self-employed, and I get a monthly 35,000, but my business is not filing an ITR. My Experian score is 749 and my CIBIL is 758. I applied for an HDFC credit card 3 days back and it is still in progress, I have applied for a new credit card with an axis (axis Airtel). I need some funds urgently, and I do not have enough to open an FD, I have been trying to get a personal loan, but all my efforts were in vain. Also, in my CIBIL and Experian, it is listed that I have a sanctioned personal loan of 20000 from IDFC First Bank but I have not received any money and I do remember applying for them. My requirement is 35000, Please help me to find a way.....
Click to expand...
You are in banglore .. you can visit jana small finance bank .
 
parrrzzzivall said:
I do remember applying to them but was rejected. you can rest assured that it is not for buying anything on sale.
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If it was rejected and you don't use Flipkart Pay Later, you need to speak with the bank and find out what its about ASAP.
parrrzzzivall said:
so applying for the new card is a bust?? will my credit score take a hit?
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Well, you can always use it to pay Airtel and other bills. Credit score won't take much of a hit if you have a good history, even if it does, it'll recover soon enough.
parrrzzzivall said:
I have no dependable family or friends, if my family (other than my mom and dad) knows about our situation, then it will be mockery on max volume.
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That's an understandable situation.
parrrzzzivall said:
I need the money to register for my CPA Finals.
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You will be paying with your credit card, right? Try converting it into EMI (if you're unable to get a loan at a lower rate)?
 
Short term solution: Use credit card and transfer money to bank account using Cred or Red Girraffee (cheaper)

Medium term: Take education loan which will give you rest before you repay
 
RajeshV said:
If it was rejected and you don't use Flipkart Pay Later, you need to speak with the bank and find out what its about ASAP.

Well, you can always use it to pay Airtel and other bills. Credit score won't take much of a hit if you have a good history, even if it does, it'll recover soon enough.

That's an understandable situation.

You will be paying with your credit card, right? Try converting it into EMI (if you're unable to get a loan at a lower rate)?
Click to expand...
Ok. I will get the IDFC First bank sorted and my cc limit is 30k, so I have to look for loans.
 
magnusfan said:
Short term solution: Use credit card and transfer money to bank account using Cred or Red Girraffee (cheaper)

Medium term: Take education loan which will give you rest before you repay
Click to expand...
I have an exceptional track record at School but in college not so much, will I still be eligible?
 
Last week, I faced the same problem of not having enough funds to pay my credit card bill. This situation arose because my mother underwent an unplanned surgery last month, and I used my credit cards to cover the expenses. I borrowed money from a relative without interest(another story check attachment).

In summary, I began investing in gold when 10 grams cost 52k, using my savings. I kept the gold in the bank, then purchased more gold with loan money, continuing this cycle. Despite the fluctuating price of gold, I still managed to make a good profit. However, I now find myself unable to afford the cost of a small surgery.
 

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