New Delhi, Nov. 13 -- Are you struggling to repay a debt of Rs.7 lakh? Accomplishing this objective within six months can be daunting. A structured approach to repayments can help borrowers reduce debt without becoming financially vulnerable.

Analyse and assess the total outstanding loans, applicable interest rates on them, current monthly income, essential expenses and the impact on your credit score and credit profile. This will help you decide how much you can comfortably plan and allocate towards repayments without compromising your budget or emergency savings.

Adhil Shetty, CEO of BankBazaar, explained how borrowers can plan and make repayments on such debt to help them retain their current credit scores.

He said, "A six-month tar...