Nowadays, it is quite common for people to avail multiple credit facilities within the family. As a matter of fact, there
are quite a number of families that have a home loan running simultaneously with a car or a vehicle loan, and if needed they avail a personal loan for any emergency or leisure.
Most of the home and auto-mobile loans are secured while the personal loan is unsecured. With all these loan accounts running at the same time, at times it gets tricky to handle the EMIs with added expenses for the month. One needs to have a clear plan and a strict execution in order to stay within the line and do not end up defaulting on any of the payments.