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Managing cash-credit loans can be challenging, especially when financial hardships strike. However, it’s crucial to remember that you are not alone, and there are strategies you can use to navigate this situation.

Identify the Cause of Financial Struggle

The first step is to understand why you’re struggling. Is it due to a sudden loss of income, unexpected expenses, or poor budgeting? Identifying the root cause is essential to finding an effective solution.

Contact Your Loan Provider & Explore Repayment Options

If you’re finding it hard to keep up with repayments, the first action to take is to contact your loan providers in Kolkata. Open communication is key, and most financial institutions, including Samriddhy Finserv, are willing to work with borrowers facing hardships.

There are several options that might be available to you, depending on your lender and your specific situation. These include loan modification, where your lender agrees to change the terms of your loan, loan deferment, or loan forbearance, where your lender allows you temporarily to pay less than your usual payment, or even skip a few payments.

A loan calculator in Kolkata can be an excellent tool to reassess your repayments under these new terms and see how they align with your current financial situation. This reassessment can help you understand how much you can realistically afford to pay back each month.

Another viable option is to seek help from a financial counsellor. These professionals can provide you with the necessary guidance and support to navigate financial difficulties. They can offer personalised advice based on your unique circumstances and help you explore different solutions.

Preventive Measures that Make All the Difference

Preventing future financial difficulties starts with effective financial management. It’s essential to prepare a realistic budget, create an emergency fund for unexpected expenses, and ensure that you’re adequately insured against unforeseen circumstances. If you find yourself struggling, remember that it’s never too late to apply for a loan restructuring or seek help from professionals. Some of the most common preventive measures include:

  1. Revisiting Your Budget

A strong preventive measure is regularly revisiting and adjusting your budget. If your income or expenses have changed, it’s crucial to update your budget accordingly. This can be done monthly, quarterly, or yearly, depending on your circumstances. Your budget should reflect your current reality and align with your financial goals. Remember, budgeting is not about restriction but making informed decisions with your money.

  1. Creating an Emergency Fund

Another crucial preventive step is creating an emergency fund. This is a savings account dedicated to covering unexpected expenses such as medical emergencies, car repairs, or sudden unemployment. An ideal emergency fund should cover 3 to 6 months of your living expenses. However, even a small fund is better than none, and you can always build it up over time.

  1. Being Adequately Insured

Insurance plays a vital role in protecting your financial well-being. Ensure you have adequate insurance coverage for health, life, home, and car. Adequate insurance can help shield you from large, unexpected expenses that can derail your finances.

  1. Paying Down High-Interest Debt

High-interest debt, such as credit card debt, can quickly accumulate and become a significant financial burden. Prioritising paying down this debt can save you a lot in interest payments over the long run.

  1. Investing in Financial Literacy

Investing in your financial literacy is another excellent preventive measure. Understanding financial concepts such as compound interest, the time value of money, and the principles of investing can empower you to make sound financial decisions. There are many free resources available online, and some financial institutions also provide educational materials to their clients.

  1. Regularly Reviewing Loan Terms and Conditions

Take time to regularly review the terms and conditions of your loans, including your cash-credit loans. Look for any changes in interest rates, fees, or loan features. Being aware of these details can help you better manage your repayments and avoid any potential issues.

  1. Maintaining a Healthy Credit Score

Finally, maintaining a healthy credit score is another crucial preventive measure. A good credit score can provide you with more favourable loan terms in the future, including lower interest rates. You can maintain a healthy credit score by making timely repayments, avoiding high credit card balances, and regularly checking your credit report for any errors.


Struggling with loan repayments can be stressful, but remember, you have options. Identify the cause of your struggles, communicate openly with your lender, explore repayment options, seek financial counselling, and take preventive measures to avoid future difficulties.


At Samriddhy Finserv, we’re dedicated to working with our clients through their financial difficulties. As one of the leading loan providers in Kolkata, we offer personalised solutions to suit your unique circumstances. If you’re struggling with your cash-credit loan repayments, don’t hesitate to contact us. Let’s work together towards a stable financial future.

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