Topic: [ASK] How are you going to handle too much debt? - page 13. (Read 2710 times)
First things first, first when you received your salary you have to buy basic needs like food etc., good for how many days until you received your next salary, the remaining money pay it to your dept as partial payment, do this things everytime you received your salary until you paid full your dept, and always remember minimize expenses and dept, and as much as possible do not borrow money if not really need like emergency purposes.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
True i can encounter that too my husbands salary his salary ia always goes to his debt,but after all our difficulies we never get quarrel we do always find ways to our everyday needs thats why i try to join here to get some extra income tO make our life much better and hopefully i will be blessed too like everybody does.how will you deal with it?
how to solve it?
True i can encountet
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
how will you deal with it?
how to solve it?
Everyone with even a little bit of debt has to manage their debt.Send your payment as soon as you remember to.Use a bill payment calendar to help you figure out which bills to pay with which paycheck.
Cut your expenses. track your expanses. That's a big problem and could get worst. so First , don't try to put yourself in those situations take risk that you can bear.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
As you may guess your first step will be to never come to that point, getting into that situation is not an accident, a person needs to spend more money than what he has for a lot of time and ignore the situation, but if you find yourself in that situation then you will need to take very aggressive steps, first try to renegotiate your debt sometimes you will get lower interest rates and second cut your expenses everything that is superfluous needs to go and go to your payments immediately. how will you deal with it?
how to solve it?
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
how will you deal with it?
how to solve it?
have to go the extra mile and think more to get more results than before. planning expenditures so as not to exceed the income limit and always set aside income to pay installments an important priority.
This is a very difficult situation for a person. It is very difficult to deal with it. Bank loans can be an option. In this case, however, the bank will react negatively. In fact, even the idea of infecting illegal activities can become attractive. But I think I might go to other jobs.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
When I moved to my new flat 7 years ago I had to take a loan to buy all the household stuff (furniture, domestic appliances and such like).how will you deal with it?
how to solve it?
I managed to pay this debt only 2 years after and overpaid like 30% of the sum I initially borrowed (credit interest is very high here in my country).
So I would recommend dividing your debt into several portions and paying more than the sum installed by the bank (i.e. if they want you to pay like $500 per month, give them $700 - that will allow you to settle your debt faster).
Having huge debts, is also a big problem. I see that you have nothing else to do but pay it, pay it little by little so thereby it can help reducing your debt. we must have self-discipline, discipline on how to use money and limit your self on how to use ypur money so it cant make you to have too much debts .
Ask your lender to give you a installment which will make it easier for you to pay your debt. Make payments during your schedule and dont miss your due date. If you have extra time look for extra job or any sideline that will give you extra income. And most of all cut your expenses to avoid additional debt. Join in bitcoin to have an extra income.
if I am a lot of debt, I do not want new debt anymore, to cover up my debt debt, I have to work harder and have to have the willingness to pay the debt to get rid of the burden of life.
Debt is the wheel of life, most people never owe but debt can not pay in debt to someone else, will never pay off our debt. So the only way is to work hard and find a side job to earn money to accumulate quickly.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
Start budgeting all the expenses, better to avoid buying unnecessary things and pay even in a small amount, then find a side line work to get some extra income, well crypto is one of the way to get free money it is a big help for everyone but the most important thing is self discipline. how will you deal with it?
how to solve it?
I used to have a lot of debt. It's been a very difficult time. To get rid of debt, you must work harder than most people. My way is to find two jobs, and then pay back the higher interest rate as soon as I get the first income, and I also use my credit card to make the installment service, which has relieved me a lot of pressure.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
how will you deal with it?
how to solve it?
I will work hard, have double job and save money little by little. I will pay first those with interest and I will cut off my expenses especially those unnecessary and will just focus on working and saving money. After all my debts will be paid, then I will give it to myself too.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
I will look for additional work so I get additional income. my main income I will use to repay the debt and additional income I use to meet daily needs. ideally the portion of paying debt is 30% of our salary. but if our debt is too much then the solution is to seek additional income for debt quickly paid off.how will you deal with it?
how to solve it?
Right. But first i'd have to talk to whoever i'm indebted to and ensure them that I will do everything to pay off. It's not just the money but the trust that's important. There would have to adjustments with how I manage my expenses to leave an amount for debt payments
try to apply for a loan restructure, paying it in smaller monthly dues, ask if they can waived the accrued interest and try to change your financial lifestyles, spend lesser than you earn, do not loan to another person or company just to pay another loan, as it only adds up on your monthly dues with added interest.
I think that paying a debt is a primary duty of a decent person. In most of the cases you can't take out a large loan, because the lenders will ask for commensurable collateral.
If you are going to handle too much debt, you should have such income in order to pay a credit money every month. As a variant, you can trade some crypto-currencies and get a profit.
If you are going to handle too much debt, you should have such income in order to pay a credit money every month. As a variant, you can trade some crypto-currencies and get a profit.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
how will you deal with it?
how to solve it?
This depends on the actual situation, if you owe more money but do not worry, can slowly make money to pay, if the amount is too big, you can only sell property to pay, if or not can only apply for bankruptcy.
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
I will look for additional work so I get additional income. my main income I will use to repay the debt and additional income I use to meet daily needs. ideally the portion of paying debt is 30% of our salary. but if our debt is too much then the solution is to seek additional income for debt quickly paid off. how will you deal with it?
how to solve it?
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