HomeBlogIndustry NewsDon’t let the credit storm blow you away

Don’t let the credit storm blow you away

Credit Storm

Imagine you are walking down the street, enjoying the pleasant blue sky, admiring the beautiful green trees, listening to the birds chirping. You almost have a hop in your gait. However, suddenly, as is the weather these days in Mumbai, it starts getting darker. The monsoon winds start blowing from the east instead of the west. The grey skies thunder, you shudder.

It starts raining heavily. You start soaking quickly. You take out your umbrella and try to save your head from the rain. Because always remember what mother taught you, save your head, if nothing else, in rains. It will keep you from catching a cold. The winds blowing are so strong, you struggle to keep your umbrella straight. The wind is too strong. Your poor umbrella finally gives in and is turned to pieces.

Credit Card debts can sometimes catch you in sudden storms like these through no fault of yours. One reason for being caught up in credit card debt could be due to paying off high medical bills accumulated due to a major operation or a terminal illness case in your family. We all know health does not come cheap in these times. Another reason for credit card debt is not paying attention to the fine prints while applying for a credit card. In a country like ours, we have people with great sales potential. They can lure you into offers and schemes you did not know you ever wanted. This can mean having to pay higher interest rates on your credit card bills than you realized while applying for the said credit card. Your debt will pile up sooner than you can say ‘salesmen are con men’.

There is always a way out

What you need to remember is, there is always a way to get out of the storm. It takes great effort and discipline, but it can and has been done. Start of by paying the credit cards with the lowest amount and lowest interest rates. This will give you a confidence boost during your gloomy start towards paying off debt. As soon as the lowest debt is paid, it will also leave you with a small amount of money at the end of each month, which can be used to clear the next lowest credit bill. One more way to handle this herculean task is by paying off the highest interest card first. This method will make sure you do not incur any higher interest rates on your already high credit bill. Of course, this method takes the most discipline and conviction to make sure you see yourself at the end of what seems like a marathon.

You are not alone

However, you do not always have to be alone while struggling to walk through the credit storm. You see a passerby, with an umbrella bigger and stronger than yours, walking away with no care in the world. He passes you a smile, offers to share his umbrella, in return asks only for hot coffee, and snacks at your house. When paying off credit card debt you can also try debt consolidation where you allow one entity to pay off the debt on your behalf and you just pay them back in EMIs and fixed interest rates. This method keeps you from incurring further interests on your credit. Peer-To-Peer or P2P lending helps you consolidate your debt and pay it off at the earliest. Since you already have a huge pending credit bill, it will get more and more difficult to get a personal loan. P2P lending platforms like LenDenClub help you get a instant personal loan in as less as 3 days.

We don’t want you to blow away in a credit storm. Let India’s best Peer To Peer lending platform help you pay your credit card debt systematically and with dignity.

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.



The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or investment returns. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any investment decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ investment amounts.


*P2P investment is subject to risks. And investment decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of returns received by investors

© 2023 LenDenClub by Innofin Solutions Private Limited | CIN: U74999MH2015PTC266499


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