opening too many credit cards has ruined my finances

[dealminer]

options :

1) Tell your parents - pay all dues in fulllll and then negotiate for cibil reversals- PREFERRED

2) Pay minimum due to start with - speak to bank and start clearing dues over next few months- negotiate a pay plan

3) Negotiate a settlement with banks, close all dues and get cibil masked - most expensive and will take lots of negotiation

At his age and condition I don't think cibil score drop in not a huge concern it can be recovered.

Major concern is the amount he has to repay to the bank along with the interest. Idk without income how OP managed to spend ~4L in a statement. Or it's past due pile-up 🤔

Best option is 1. Maar pdegi but issue will be resolved.

 

[dealminer]

Read first line back in 2020 at the age of 19

Now he/she is 23 currently (I suppose)

Still 0 income, as OP mentioned:

"zero income in 2024"

 

[doraemon]

Read first line back in 2020 at the age of 19

Now he/she is 23 currently (I suppose)

Still hai to 0 income wala hi as mentioned in post

That is strange konsa bank 0 income pe card deta?

 

[dealminer]

i havent calculated but should be around 3.5 ish spread across 4 cards

So i assume it's the past pile? You paid minimum due and the other amount piled up opon you, right?

Or you managed 3.5L feat in a month?

 

[Shubham Yadav]

Still 0 income, as OP mentioned:

"zero income in 2024"

Still hai to 0 income wala hi as mentioned in post

That is strange konsa bank 0 income pe card deta?

While filling in application op would have mentioned some random income amount to get cc

and now a days banks are giving credit card without checking income proof

 

[doraemon]

As op mentioned he is a regular user here
I am certain that he used to rotate money using those card for 1-2 % and now it's piled up?
Op am I correct?

 

[doraemon]

While filling in application op would have mentioned some random income amount to get cc

and now a days banks are giving credit card without checking income proof

That's horrible tbh

 

[dealminer]

While filling in application op would have mentioned some random income amount to get cc

and now a days banks are giving credit card without checking income proof

That's clear every TF member knows that here 😆

But how he managed 3.5L spend that's what I was wondering about

 

[Shubham Yadav]

That's clear every TF member knows that here 😆

But how he managed 3.5L spend that's what I was wondering about

Rotation Rotation and Rotation

Rotation policy of seasoned cc user gives every thing to him/her like cashback and numerous reward etc

but

Rotation policy of amateur cc user gives this kind of thread

 

[doraemon]

Rotation Rotation and Rotation

Rotation policy of seasoned cc user gives every thing to him/her like cashback and numerous reward etc

but

Rotation policy of amateur cc user gives this kind of thread

U sounded like Rocky Bhai
Violence, violence, violence. I don't like it. I avoid. But, violence likes me, I can't avoid.”

 

[random1229]

So i assume it's the past pile? You paid minimum due and the other amount piled up opon you, right?

Or you managed 3.5L feat in a month?

i used to juggle between cards so i paid one card dues with another and another card with that so it piled up like that

 

[Shubham Yadav]

U sounded like Rocky Bhai
Violence, violence, violence. I don't like it. I avoid. But, violence likes me, I can't avoid.”

In that film and feeling are almost same

Cashback , Cashback and cashback

and what you will get

Dopamine Dopamine Dopamine

 

[random1229]

Rotation Rotation and Rotation

Rotation policy of seasoned cc user gives every thing to him/her like cashback and numerous reward etc

but

Rotation policy of amateur cc user gives this kind of thread

i was using rotation only but missing two payments got me in this loop

 

[random1229]

As op mentioned he is a regular user here
I am certain that he used to rotate money using those card for 1-2 % and now it's piled up?
Op am I correct?

nah 0%
but yes it was rotation

 

[doraemon]

In that film and feeling are almost same

Cashback , Cashback and cashback

and what you will get

Dopamine Dopamine Dopamine

Cashback and rotation is best
Only when u know what u are doing

 

[varun__goel_]

Still hai to 0 income wala hi as mentioned in post

That is strange konsa bank 0 income pe card deta?

Saare banks dete hai cards student ko. And genuinely by declaring yourself as student.

I'm one of them. But I have never misused any cards, neither do rotation and all.

My parents know how many cards I have (but not accounts😝🤣)
I only do d2d grocery and utility expenses on my cards.
Park the money received from parents for the expenses done on cards in a secondary account and be stress free.

Doing rotations and MS having no income makes no sense. Anytime you can be called up by ITD to explain these things. And there's always a risk of loosing money in rotations( I know very very less but still🤷)

OP has only one choice and that is to disclose all of this to his parents. Nothing else can be done

 

[doraemon]

Saare banks dete hai cards student ko. And genuinely by declaring yourself as student.

I'm one of them. But I have never misused any cards, neither do rotation and all.

My parents know how many cards I have (but not accounts😝🤣)
I only do d2d grocery and utility expenses on my cards.
Park the money used on cards in a secondary account and be stress free.

Doing rotations and MS having no income makes no sense. Anytime you can be called up by ITD to explain these things. And there's always a risk of loosing money in rotations( I know very very less but still🤷)

OP has only one choice and that is to disclose all of this to his parents. Nothing else can be done

Gopal Sharma wala thread yaad aagya op case sunke

 

[SSV]

First of all, lets get the record straight…

The title of this thread should have read like below ..…

“ The Vacation that ruined my finances”
NOT
“ Opening too many credit cards has ruined my finances”
because OP was absolutely fine for 4 years with these credit cards...

 

[doraemon]

Can't op transfer the amount to other card
If he has rupay card?

 

[varun__goel_]

Can't op transfer the amount to other card
If he has rupay card?

Haan aur rotation kralo tum😒