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You can get a credit counselor to help you get out of debt, but you still have to repay the loan. Personal bankruptcy is provided for in the Insolvency and Bankruptcy Code.

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But when Vishal Mishra, 32, from Mumbai applied for a home loan in 2020, his applications were rejected by the concerned people.

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Her job was in jeopardy, as COVID-19 had just begun. Mishra's applications were rejected because Mishra had a low credit score.

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was less than 650. He could not understand why this is so. He consulted Aparna Ramachandra, founder of RectifyCredit.com, to solve his problem.

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He came to know, after meeting him once or twice, that his credit score had been affected as he was due to pay Equated Monthly Installments (EMI) on the two loans (E May).

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Delays were due to delayed salaries. Helps people to repay their loans, he is Rectifycredit.com, a Mumbai based firm.

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Which leads him on a path to usurpation. It was a slow, uphill journey, but Mishra got there just in time. Credit counselor is not easy in India.

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Although he is not new to India, Mishra is not so freely listed. No such person or document or person database is available.

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Bankruptcy declaration is not yet possible for individuals in India, but credit counselors can help.

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