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Home» Questions»Q 3130
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Yash Darsh
Yash Darsh
Asked: August 7, 20232023-08-07T21:17:05+00:00 2023-08-07T21:17:05+00:00In: Money & Business

How can I clear my debts fast in India?

I’m looking to pay off my debts as quickly as possible in India, and I could use some assistance. I’m the manager of a small business that serves the needs of Indian university students. We provide them with everything they need, from textbooks to food and beverages, and even offer them assistance in the form of tutoring. We are doing pretty well, but in recent months, we have been slammed with a number of unforeseen bills, which have left us in a difficult position financially.

I was hoping that you would be able to provide me with some guidance in paying off my debts as quickly as possible in India.

debt paymentdebt reliefindia debtpay off my debts
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3 Answers

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  1. Mika
    Mika Expert Mind
    2023-08-08T02:17:42+00:00Added an answer on August 8, 2023 at 2:17 am

    If you are running a small business and you are having difficulty paying off your debt, you can do a number of things, such as cutting down your expenses (which can even mean to lay off your staff), increasing your service fees and products price, and pushing hard to make more sales. If you are sellRead more

    If you are running a small business and you are having difficulty paying off your debt, you can do a number of things, such as cutting down your expenses (which can even mean to lay off your staff), increasing your service fees and products price, and pushing hard to make more sales. If you are selling for credit you should stop doing it and you should try to collect your money from creditors as soon as possible.

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  2. Abigael
    Abigael Trusted Adviser Abigael
    2023-08-09T12:41:14+00:00Added an answer on August 9, 2023 at 12:41 pm

    I am not in India but I think the tips and opinions for handling debts works for anyone anywhere as long as they are in debt. I advice you to cut back on expenses so that you can have more money left to cover your debts. You should also choose to buy cheaper goods for a while as you work on paying oRead more

    I am not in India but I think the tips and opinions for handling debts works for anyone anywhere as long as they are in debt.

    I advice you to cut back on expenses so that you can have more money left to cover your debts. You should also choose to buy cheaper goods for a while as you work on paying off the debt.

    Another option is to try and increase your income. Maybe from taking a second job such as doing online hustles alongside your offline job.

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  3. Alhamdu
    Alhamdu Active Contributor
    2025-09-10T11:52:27+00:00Added an answer on September 10, 2025 at 11:52 am

    In this situation to clear your debts you have to know that this is a kind of situation that can be solved easily so you don't have to panic The best way to clear your debts is to engage in business maybe you are only into one business you can engage in more than one business so that you can earn moRead more

    In this situation to clear your debts you have to know that this is a kind of situation that can be solved easily so you don’t have to panic
    The best way to clear your debts is to engage in business maybe you are only into one business you can engage in more than one business so that you can earn more money and even pay back your loan

    And you sell other things to people so what you have to do is to avoid giving people your goods or product on credit because as you continue giving out quotes on credit it will result to the situation that debts will be high on you

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