- Do not use up any money you may have received at the time of lay-off to repay a low-cost loan like a home loan
- A high-cost loan like credit card debt should be repaid at the earliest
- If you make several enquiries for loans from many lenders, that will have an adverse impact on your credit score
- A collateralised loan like gold loan will be cheaper than a personal loan
- Use a top-up on your home loan to pay off other high-cost debt
- Stocks may be available in the markets at mouth-watering valuations, but you should not bet on them in your situation
- Knock off frivolous expenditures that you can do without
