Crushing EMI Debt? Expert Tips to Break Free Now!

• Increasing EMIs and loans can lead to financial distress, as noted by CA Nitin Kaushik.
• Limit expenses, avoid new loans, and control unnecessary spending like eating out or shopping.
• Prioritize repaying high-interest loans first using any savings to reduce overall burden.
• Reduce pressure by closing smaller loans or negotiating with banks for lower interest rates or one-time settlements.
• Prioritize saving a portion of income for debt repayment and future financial stability.