[ASK] How are you going to handle too much debt? - page 20.

gadjene143

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

For me , I know our income is not enough to pay any kind of installments or loan but meaning to say before you decide to apply that meaning to say it's a obliged to pay your monthly amortization in order to pay must better to side line a like to invest bitcoin so that can help our problem .

Paka1

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

Debts are always present everywhere in the world. One has to take loans in order to buy needs. And once we take out loans we have an obligation to pay it back. But it is not easy to fulfill those obligation if your income is not enough, for me in order to repay debts one should look for an extra income, I know it is not that easy but then in due time you will gain enough money to pay it back. Moreover, if you really wanted to solve it, you should avoid having debts once and for all.

thecoder2017

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Its not appropriate to have a big amount of debt especially when you dont have an income or salary every month to receive to pay for that debt and one thing more is dont borrow money when you dont need it.

Sled

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Quote from: Kumic on April 03, 2018, 06:30:17 PM

Avoiding that position in the first place would be a very good idea. You need to pay for smaller parts that are realistic for you.
And invest some small amount in crypto to gain some after the dip is over.

Investing in cryptocurrency while the dip is there is the best way to invest your money. I don't think that it is worth it to invest small amount only because for me, it is better if you will invest at least 20-30% of your money into cryptocurrency because they have a very high potential in the future and if you put your best to it then you can expect high return for you investment.

tabas

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

You know how to solve it, when you ask for that debt did you ever think on how will you pay for it? or did something came to your mind that your income wasn't enough to repay it through installment? This is why before asking for a loan/debt you must have a reliable source or if not, ask only the amount that you can pay. Don't ever think to take another loan just to repay this. Sell some stuffs that you don't use anymore, it will help.

Kumic

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Avoiding that position in the first place would be a very good idea. You need to pay for smaller parts that are realistic for you.
And invest some small amount in crypto to gain some after the dip is over.

Amajaa

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

Just pay it even litlle by little communicate with the one you have loan.. Ask them to consider your payment you can give for you are not able to pay it now as the amount they require you.. And stay out on debt once you overcome this.. Find extra income to help you in your financial needs... And manage your salary according to your necessity..

naidray

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

Reason why we do have problems all the time is because we make expense that are more than the income we make in a month. First thing I will tell you to do is use a monthly budget to plan your expenses. After that, calculate the debts you’re owing, know how much you’re making in a month, and decide on which one you will have to pay off first. Create a monthly bill calendar and try to pay your debts on time every month. That’s the only way you can do it.

What you shouldn’t do– some people will advise you to borrow loan from banks. Never do such, doing it means putting yourself into more problems that you won’t be able to come out from.

rachelia13

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The first thing you should do is looking for a side income for help pay off your debt repayments. One way to make it happen by following bounty campaign because we can get some income from this. After that restrain yourself to stop shopping for items that are not useful for us until the debt repayment is paid off. If you do it then believe me, you will be free from your debt soon.

Fuhre

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Robbing someone to pay someone seems like a lot to do. it's not the best thing, but smart people will be able to manage their finances, if they borrow money, they will not pay everything, why? they realize that some of the money they borrow must be rebounded or re-gained in order to make a profit. even a little but it is very meaningful for those who have a lot of debt.

diegz

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First and foremost, before you came to that point, there is always a reason. Now,that's where you need to start to solve it. Why did you borrow too much money that you know you can't pay? Is it for emergency or just for your caprice? If it is for emergency, those whom you owe money will understand and you have the very good reason to rise and find each and every way to pay them, if it is for caprice, deal with it. suffer the consequence, be it jail time, hunger or anything just to pay them.

If you have to pay in installment, then you need something that produce money at the same time for you. You need to put up a business and pay them slowly. To start with, you have to risk borrowing money from loan sharks since it is easier to borrow from them, then you roll everything over and over again until you pay your debts.

Izalcomax

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First of all, do not risk more than you can not afford to lose
Well if you already gone too far, i think the installment would be one of the way out mate..

jakagintiri

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

Lies if people earn small, if they want to try to earn a big enough income, better set aside money or pay debts before bad things will happen in the future, if have a family or children and those who become victims.

LETme

member

Activity: 266

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Just borrowed what can you afford to pay because you will know it for yourself if you cannot afford to pay it, Must know the obligation, use income not savings, make payments on time or better double up on payments and find ways where to get a extra income by that it can repay it in a fastest way.

websoftwareengineer

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

It was really hard to handle too much debt because you are not sure if you are going to repay them since the cost of living today is very expensive, you can only handle it if you have an excess income monthly but if there's none then it will be really hard for you to finish paying your debts.

Sled

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Bitcoin- in bullish time

What are you tying to say about debt? I don't have debt in cryptocurrency because i manage to take out my capital when the market is still good and the one that i am holding with my cryptocurrency wallet is the excess or profit that i got from the past investment and because of that, i don't much care about the price since i don't put all of my money to it.

arthur25

newbie

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Try to double your effort to gain more money in the right way of caring job. Exceed your limitations to move the debt to no more. To handle that you should not make it your master. If you master debt it can control your entire lives. Handle it by not getting some debt to avoid your doomed day to pay debt.

maianh09

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

The choice of a lot of people is to try to find a stable job and part-time job, which will help to make the most money. But if the amount of debt is too great, I'm not sure that the job will help you pay off your debt. So choose to go to a place far away and play hide. Grin

entrepmind23

sr. member

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It would be too stressful to have too much debt and if you have a negative thinking then surely you would not be able to recover from it unless there would be someone who would pay your debt for you which is less likely. You can start of with having a positive thinking and list all your debts. You can go to your debtor and ask if there is a way for you to restructure your debt because they may consider it as it is better to receive something than receive nothing at all if you stick to the original payment terms.

You can start with the smallest amount of debt and then if you paid it then move up until such time you will be able to repay all your debts. It would be hard and may took years to repay all of it. You may have to let go some of your wants temporarily or permanently but it would be for the better.

jinxing

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Quote from: usahaali03 on April 02, 2018, 01:14:00 AM

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?

Debt must be paid. Despite very much debt, I will pay slowly. Reduce buying
is not important. Life is not excessive. Pay the debt from the little and do not make any more debt. Before borrowing, you have to predict earnings,Not to exceed payment.I have experienced it, but after joining bitcoin, it's all done

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