Read About Real Experiences Shared in the Media That Can Help You.
We frequently choose to utilize a credit card when we have an urgent financial requirement, mainly due to us not having the funds at that moment. We may also be using our credit cards to meet our monthly bills, which is good as long as we are able to pay the outstanding in full before or on the date it is due.
Over the previous decade, both the number of borrowers and the total amount borrowed have climbed. Millennials support their expensive lifestyles with short-term loans and credit cards. Since the emergence of simple loans through internet lending organisations, this tendency has gained popularity. People are falling into huge financial messes as a result. SingleDebt has voiced worry that this systematic debt trap has become a normal part of life.
Over the previous decade, both the number of borrowers and the total amount borrowed have climbed. Millennials support their expensive lifestyles with short-term loans and credit cards. Since the emergence of simple loans through internet lending organisations, this tendency has gained popularity. People are falling into huge financial messes as a result. SingleDebt has voiced worry that this systematic debt trap has become a normal part of life.
Excerpts of the interview with Harish Parmar, Founder of SingleDebt, first and only company in india to offer affordable debt management solution and legal services for debtors. Harish Parmar shares with TechStory the story of SingleDebt and importance of imparting financial knowledge.
In the interview, he also shares his opinions and concerns regarding increased number of illegal loan activities and debt trap.
Debt is a problem we all deal with in one way or the other. Sometimes our debts take over our lives and we begin to sink in them. Finally we reach a stage where we cannot pay back in time.
Debt is a problem we all deal with in one way or the other. Sometimes our debts take over our lives and we begin to sink in them. Finally we reach a stage where we cannot pay back in time.
