ilmscore | TRADING ADDICTION Created ₹7 Lakh Credit Card DEBT! | Money Matters Ep. 68 | Ankur Warikoo Hindi

TRADING ADDICTION Created ₹7 Lakh Credit Card DEBT! | Money Matters Ep. 68 | Ankur Warikoo Hindi

Published: 2025-07-02
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 1
Incorrect: 0
Pending: 7
Unrated: 1
Prediction
Topic
Status
Credit card companies will eventually be forced to settle outstanding debts, and the brother will need to work hard to honor the agreed-upon settlement terms, which could range from 2 to 6 lakhs over 3 to 9 months.
"they will be forced to reach a settlement and it will be your brother's responsibility to respect that settlement. Now whether it is a settlement of 3 months, 6 months, 9 months, 6 lakhs, 5 lakhs or 2 lakhs, they will have to do all the hard work."
Credit Card Settlement
Pending
An agent suggested a credit card settlement for approximately 2 lakhs, payable in cash as a one-time payment.
"I contacted a person, brother, they were trying, so when I contacted the person, he said that out of whatever amount you have, you will have to pay only around 2 lakhs, but that will be a one-time payment and that will be in cash, which we do not have"
Credit Card Settlement Amount
Pending
The brother needs to find a job with a higher salary than his current 31,000 and also increase his part-time work.
"You will have to find a job that pays ₹00 and not ₹31. You will have to do more part time."
Brother's Income Improvement
Pending
The brother's efforts in job searching and interviewing are crucial for his financial recovery, and he will continue these efforts.
"All these leaves will be used only when they know that only they can save themselves. By the way, he is going on interviews. Along with that he is searching for a job as it is a new job. More jobs can be found. He is also doing the process on the side. Keep doing it. It's very nice. Have to do it."
Credit Card Debt Resolution
Pending
The brother needs to actively seek out and speak with multiple agents to find a solution for his financial difficulties.
"He will have to work hard for that. Just spoke to an agent. I will have to talk to seven more agents. You will have to talk to 50 agents. We will have to figure out how others get out of such situations when they are worried about themselves."
Family's Financial Situation
Pending
Credit card companies may reduce settlement amounts if the debtor cannot pay, and the brother will need to manage these negotiations and potential timelines.
"The credit card company will know that perhaps you will not even get two lakhs. They'll probably make him one. Maybe we will do it within two months. He will have to handle all those things."
Credit Card Company's Action
Correct
The brother's financial problems will be solved as long as he is alive and actively working towards a solution, as problem-solving is a natural human response.
"As long as he is alive I can assure you this problem will be solved. You don't know how it will be. I don't know how it will be. They also don't know how it will happen. But it will happen because this is human nature."
Brother's Financial Future
Pending
The brother has not yet reached his full potential for courage and problem-solving because easier options like the home loan have been available.
"A person does not realize how courageous he is. Unless being courageous is his last option. And your brother has not yet looked at that last option because he got the home loan."
Brother's Courage and Resilience
Unrated
By increasing his income through a better job or more part-time work, the brother can cover all living expenses and personal loan EMIs, reducing them to around ₹3000.
"All their loans can be within ₹3000. Meaning, if they take up a job with a slightly higher salary or are able to do a little more part-time work, they can automatically pay off all the living, food, drink expenses and all the personal loans."
Improved Income for Loan Repayment
Pending