Lost Your Job? Manage EMIs Smartly Without Panic!
Business
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News18•06-01-2026, 11:02
Lost Your Job? Manage EMIs Smartly Without Panic!
- •Contact your lender immediately to discuss EMI restructuring or deferment options.
- •Explore EMI moratoriums or loan restructuring plans to temporarily reduce or pause payments.
- •Cut all non-essential expenses to free up funds and prioritize EMI payments.
- •Seek professional financial guidance for personalized debt management advice and negotiation.
- •Strategically use emergency funds or savings to cover EMIs and protect your credit score.
Why It Matters: Proactive steps like lender communication, expense cuts, and using savings can help manage EMIs after job loss.
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