4. Liabilities: 

First know your assets and liabilities and simultaneously keep a check on CIBIL score.

If you feel that your credit cards and personal loans are unsecured, plan out well and pay all your balance amount as soon as possible and try to close it at the earliest. In case you feel hard in handling your heavy debts on time, consult a financial adviser. Financial advisers will help you restructure your debts and help you manage it rightly.

Another most important thing, if you pay your loans on time, your credit score improves and you become a more creditworthy person for banks. If you start working on your liabilities as early as possible in this present financial year you can easily reach your goal of becoming financially sound.

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