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Check-mate - Cornered By A Credit Overload
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There's only so much you can do
Some peoples' fortunes change overnight; mine went over hill in less than a year. Buoyed by my success, I was inspired to take a second loan - for a car. I reckoned this would be the finishing touch to setting up my life. My modelling assignments were growing. I optimistically thought it was but a matter of time before I hit another jackpot - a Bollywood film part and more moolah.
I wanted to be able to tell my parents that at age 27, I'd achieved what they did by age 54. They both worked all their life, and bought a flat just three years before dad retired - but not on credit.
In contrast, here was I - with two loans, three credit cards, and two jobs - living life on my own terms, or so I thought.
You see - the bubble burst two months ago. I collapsed - no thanks to overwork. My second loan spurred me to work harder - but there was no room for that. In truth, that finishing touch nearly finished me off.
I was hospitalised for a fortnight and have since been convalescing at home. My savings went in paying off my hospital and credit card bills, and in sustaining me while home.
Repair mode
I couldn't pay my car loan instalment, so my car was taken back. My bankers have reviewed my case, and are willing to offer me a six month grace period before I resume paying off my housing loan - provided (and this is a big condition) I get back to my steady BPO job and chuck modelling, because my health will not allow me to do both. I was promoted four months ago, and they reckon (I guess correctly) that I could just about get by on my salary after paying the instalment.
Remember what I said about life coming full circle? That realization only hit me yesterday. I chose not to listen to my grandfather, and look at me today - compelled to live by terms and conditions dictated by my bankers to stay clear of their well-muscled recovery agents (some resemble bouncers in night clubs I used to frequent!).
So the point is - if I want to keep up with modelling, I have to bid adieu to my house and live with friends in a rented place. I'm still thinking about my options, but what would you do?
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Maya Gujral
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| | Philips Grill - HD 4400 | Philips Grill - HD 4428 | Philips Toaster Oven - HD4495/25 | | | | | | Rs.5,495 ($114.15) | Rs.5,495 ($32.05) | Rs.3,195 ($66.37) | |
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