Here’s my current debt and situation:

Personal Loans (Father's PAN)

- Axis Bank**: ₹12k EMI | 26 months left | 16% interest

- Poonawala**: ₹12k EMI | 26 months left | 28%

- Hero FinCrop**: ₹10k EMI | 4 months left

- Cred**: ₹4.5k EMI | 30 months left | 20% interest

Total Loan EMIs: ₹38.5k/month

Father's Credit Card EMIs

Instant Loan: ₹4,734 | 22 months left

-Flipkart (Mac Purchase): ₹3,563 | 16 months left

Total Card EMIs (Father): ₹8,297/month

My Credit Cards:

- Swiggy HDFC: ₹17.8k EMI (₹1L converted to EMI 2 months ago)

- Axis Bank:

- ₹1,900 EMI (₹53k instant loan | 27 months left)

- ₹5,500 EMI ( converted pending dues | 2 months left)

Axis Card Utilization: utilised ₹49k of ₹60k limit (rotating every month)

Total Card EMIs (Mine): ₹25.2k/month

Additional Debts & expenses -

- ₹2.6k (₹10k loan from MoneyView took- last month)

- ₹3.6k (Started last month , 12-month EMI for YouTube gear with partners "camera, lenses, lighting for scaling an existing revenue generating channel, 36% each permanent partnership in his channel )

- ₹1.5k: Bike fuel (commute to home for 1 Time in a day - dinner)

- ₹1.5k: Fast food/other small expenses

- ₹4-5k: Swinging credit card payments (₹75k RBL + Axis via rent payment on Cred/Housing. com)

- ₹2k: Recharges + WiFi

Total Additional: ₹16.2k/month

Monthly Household Expenses:

- Family Rent + E- Bill: ₹15k (2BHK)

- My Flat Rent: ₹12.5k (2BHK near family, (can’t shift there atm due to space constraints at home)

- Groceries/Daily Needs: ₹15k max

Total Household Expenses: ₹42.5k/month

Total Monthly Expense: ~₹1.31L

- ₹10-12k from father’s salary helps with EMIs. So - 1.20k

- Current salary: ₹22k from my job.

"No hope of any financial help from family or relatives I know some of you gonna suggest this"

Background-

Education

• No degree (financial issues after high school).
• Always believed I was meant for something bigger, but it backfired.

Skills

• SMMA, digital marketing, decent knowledge of web3.
• Tech-savvy with broad internet knowledge

Family Situation

• 6 members, including 2 younger sisters whose education is stuck (private university plans delayed).
• Grandmother and parents (father earns ₹16k/month).

Habits-

- Don’t smoke

- Don't drink (once in 6 months max)

- No clubbing, shopping, or relationship expenses ( even never been into a relationship & never entered in a club )

- Zero friends & social life

Backstory

How It Started

• Freelanced in 2021 (social media management), earning ₹15-30k/month
• Dec 2021-March 2022: Made ₹50k-₹1L/month, totaling ₹4-5L, but wasted it on:
  • ₹3L bike.
  • PC, room setup, and unnecessary ₹1-2k daily expenses.
  • Did nothing for 6 months

Key Phases

• used to earn constant 35-40k from 2023 April....
• April 2023-Oct 2023: Earned ₹35-40k/month. Expenses included ₹8.5k bike EMI and minimal family support.
• Oct 2023-March 2024: got extra client Income grew to ₹70-90k/month.
• In Feb 2024 Shifted family into another apartment rent ₹15k) and invited two cousins later to share a flat but:
  • They didn’t contribute financially or work-wise.
  • I bore all rent and food costs myself.
• March 2024- Moved into the flat ( 12k) with cousins in hope of Scaling agency and growth but after 15 days, my client decided to discontinue ( income- technically 0 )
• April 2024: Was in connection with founder joined a crypto company for $750 (~₹65k). Fired in June due to unprofessionalism ( I don't even used to spend 3 hours working , it was my first job actually )

Current State

• Went back to work at the same crypto company in Dec 2024 for ₹22k/month
• My probation ends in 10 days, but I’m unsure about getting same salary $750
• Took ₹2.6L from a client to survive in last 6 months; no more help possible from them
• Borrowed ₹30k from cousins. Lost ₹25k in Trump coin desperately was first mistake after loosing 75k last year in a scam)
  

- I took over my father’s EMIs in Feb 2024 since he was taking loans to pay EMIs & somehow managing it

I’ve made some big mistakes:

1. Procrastinated for 6-8 months, hoping things would sort themselves.

2. Took jobs lightly didn’t respect opportunities.

3. Never invested always thought I’d earn more later & then start

4. Wasted money to show off and lent ₹1L to close relatives who can’t repay ( I lent with no intent of taking it back, so its fine )

5. Brought unambitious cousins to live with me they contributed nothing and added to my expenses.

6. Ignored education and didn’t think about a degree or backup plan

7. never respected money always spent more than needed In showoff

Current Situation-

after they fired me at the end of probation in June I’ve taken loans and debts from client and cousins so survive :

- ₹1.2L loan from Cred (survival money)

- ₹2.6L from a client who helped whenever I asked

- ₹30k from cousins

How I Feel Right Now

I’m mentally exhausted and feel trapped in a cycle of debt

• I want to escape & runaway from everything, but I know it won’t fix my life

What I Need Help With:

- Should I continue with my current job or quit and focus entirely on building my agency? ( cause I don't enjoy working despite remote & so low amount of work, I feel caged , and desperately want to quit it even in this level of worst situation

- How can I clear these EMIs and debts faster?

- What mistakes do you think I’m still making, and what should I fix?

I believe if I start again SMMA/digital marketing agency can work if I focus, as I’ve closed $500-1,000 clients before in 2021 (even with bad English)

plz suggest how I can manage this mess and rebuild. I’ll always be grateful for your advice..

I just have 10 days left $ no hope of managing more than ₹40k. I'm feeling so much mental pressure that I can’t even focus on work my mind keeps going back to how I’ll manage everything,

I even went to Vipassana in November because I was so anxious during those months, but it still feels overwhelming,

My credit score is 760, and I’ve been filing ITRs for the last 3 years with over ₹6L income annually

Should I try taking another loan to clear my debts? Even small NBFCs apps are declining my applications, so I don't think so I can get a loan again.

I need to take bold action because, at this rate, I won’t achieve anything in life & this trap will destroy me

Please give me some hope and your valuable suggestions

Thank you for your time :)