How to Deal with a Debt Trap?

Credit facilities such as credit cards, personal loans, home loans help you fulfill your needs and desires. Instant access to these facilities ensures ease of life when you manage them smartly. But soon can be a pain in the neck if taken for granted. Arpit works with a private firm & earns decent perks. He owns a flagship smartphone and a car along with a scooter. Movies on weekends, drinks with his friends & fine dining in lavish restaurants are his typical affair. Movies on weekends, drinks with his friends & fine dining in lavish restaurants are his typical affair.  He didn’t pay attention, and soon the credit card bills started giving him pain. Therefore, he opted for a personal loan to consolidate all credit card bills into a single installment.