Debt  

In a surprising incident in Hyderabad, a Lamborghini Gallardo worth around ₹1 crore was deliberately set ablaze during a disagreement between two car resellers regarding unpaid debts. A camera captured the troubling incident, which quickly went viral and captured the attention of many.

If you have taken a home loan and wish to become debt free faster, then consider employing these strategies. These methods will help you reduce the burden of EMIs, allowing you achieve financial freedom.

A car loan is approved by the bank or other companies on various factors such as CIBIL score, income, existing debt, employment status, and down payment.

A tragic incident occurred as a man got deeply involved in online cricket betting, accumulating debts worth crores in his pursuit of quick wealth. This distressing situation led to his wife taking her own life due to the constant threats from creditors who had loaned money to her husband. The man, an assistant engineer at the state minor irrigation department in Hosadurga, Chitradurga, reportedly lost around Rs 1.5 crore in online cricket betting, which tragically resulted in his homemaker wife's suicide.
 

To avoid falling into debt, start by creating monthly budgets outlining your income and expenses. If you are already paying the EMIs for multiple loans, then prioritize paying off the loan with the highest interest rate first.

A chartered accountant from Bengaluru tried to sell his kidney to pay off his debts and contacted someone online via a kidney donor website but instead got scammed out of Rs. 6.2 lakh.

Satinder Kaur took loan for pursuing her MBA. She wished to devote all her time in the preparation of the UPSC exam, but the debt made her do a job in the private sector to pay off the loan. She tried her luck her at the exams but could not succeed the first three times. In UPSC 2020 exams, she turned her dreams into reality by clearing the exams with excellent marks.

Shivam Soni moved to Indore to find some work to pay off his debt but found himself stuck in the lockdown. He slept on footpaths and starved for days when an idea of opening a restaurant for needy people helped him get his life back on track.

Having spent his younger years in poverty, Jaynti was self-motivated to achieve big dreams. But success never comes easy and lies at the end of a series of failures. Standing firm against your bad luck is all it requires. Jaynti made the impossible happen with his braveness and turned his life around from poverty and now enjoys a life of luxury.

The Credit Bureau functions as an agency that meticulously gathers and scrutinizes a plethora of information pertaining to the transactions conducted on credit by individuals and businesses alike. This includes but is not limited to loans availed, credit card utilization, overdraft facilities, and the corresponding repayments made. Furthermore, this analysis may also encompass data related to the promptness of tax payments, and timely settlements of utility bills, amongst other variables.

Though less volatile, debt mutual funds are not entirely risk-free unlike bank deposits as any change in interest rates could negatively impact on your investment.

YourShell, a leading student accommodation brand in Delhi NCR, announced today that they have been acquired by Stanza Living - India’s largest managed accommodation company. The two companies have been in talks since late last year, culminating now in a deal. Established by Delhi University students; YourShell is among the youngest startups to raise venture debt under the Government of India’s StandUp India program. They were also an operationally profitable business across their 18 properties, at the time of deal. 

Total debt and liabilities in Pakistan stood at Rs 29.879 trillion at the end of fiscal year 2018, which crossed Rs 41.489 trillion at the end of September 2019, recording an increase of Rs 11.6 trillion or 39%
 

While presenting the budget in the Parliament, finance minister Nirmala Sitharaman said that the government's debt has reduced from 52.2% to 48.9%

Hello and welcome to this episode of The Handshake, my name is Amal Chowdhury and today we will be talking about how China is using debt-trap diplomacy China is now going to occupy Kenya’s immensely profitable Mombasa port. Beijing had lent huge amounts for the development of Kenya’s railway network, which the African nation is not in a position to repay. Not only this, but the inland container depot in Nairobi is also under threat of a Chinese takeover.