Tamil On Credit Cards Ramayana On Loans

One who spends more that what he earns, ( gets a loan to meet out his expenses), will lose his dignity, lose his mind and will be considered by all as thief in whatever he goes.

He will be a sinner in all his births and will be called bad even by the Good , despite all his other good Characteristics.

What his mental would be, when he faces the creditors?

Kambar, the Great Tamil Poet, in his Ramayana, answers this.

Prayer For Court Financial Problems

A Reader had sent an email asking me for mantras for relief from a Court Case and relief from financial harassment, ruination .

If the facts of the case presented are true, then the following Mantra will certainly alleviate the problem.

The sloka I am reproducing below is a very rare one as it is by Sri Rudra on Lord Narasimha.

I am not aware of any other Deity being praised by Rudra,( not Siva)

This Mantra is called as the King of Mantra , Mantra Rajapatham.

Begin reciting the mantra on any waxing day of the Moon’ preferably on the fourth day,Chaturthi , in the morning.

If you know Ganpathy Mantras recite a few of them, at least one.

Then recite the following mantra, Eleven Times a day for 45 days.

As Naivedyam, offer freshly cooked Curd rice.

Insurance Malpractices LIC Withdraws 34 Policies

What happens next is that you are sold a Policy on which the Agent gets a hefty commission.

Though the commissions are said to be uniform some policies do attract a better commission than the others because of the high risks to the insured and better returns to the insurer.

Many simply sign on the dotted lines, asking the agent to fill in the necessary details, and hand him over the originals even for photocopying.

As it is there is fine print, where your risks are mentioned in such a corner and in such a font type you can not read it, even if you read you can hardly understand it, such is the jargon.

The Agent if asked to explain will normally say it is just for the records and you will get your returns or use further confusing arguments.

So much so the complaints against Insurance mal practices, forgery have increased, as disclosed by IRDA.

Home EMI Default,Taking Corrective Action

Buying a Home through Home Loans is the norm of the Day.

Days are past when being a Debtor was considered a Sin and attracted social ostracism.

Now if you do not have a Credit card or Loan EMI, you do not belong to the uppity group.

Now that you have availed of Home Loan, it is prudent to know what action to take in case of unforeseen default.

1.Temporary problem in Repayment of EMI.

This might arise due to unexpected loss of job or expenses incurred in the Family due to Death, Illnesses.

In these cases represent the cases to the Lender the details in writing and request them for a minimum break from payment of EMI.

This may not be possible,

However ,depending on your credit rating, the managers may use their discretion in granting you relief.

This also may not be enough.

Make sure , if this request is granted, to stick to accepted schedule of payment.

You may also request them for a reduced EMIs at longer period of repayment.

This may be considered favorably ;this depends on your credit rating, qualifications company you work for or the number of years you have served in a company.

2.Permanent Failure to pay EMI.

You have no other option but to ask the Creditor to realize the mortgage and debit your account the balance if any.

Handling Collection Agents.

Inform th Collection Agent the position and confirm the details in writing to the Creditor.

Do not use abusive language.

In case the Collection Agents behave rudely including use of abusive language, report to the Link provided here below.
RBI is very clear on this.

Don’t Let Credit Card Do This to You

A Man aged 57 set himself ablaze after having accumulated  more than £150,000. A grandfather set fire to himself at home after amassing hidden debts of more than £150,000 and keeping them hidden from his wife of three decades, an inquest heard yesterday. Ibrahim Omar, 57, of Bolton, Greater Manchester, put family photos and other personal […]