Topic: [ASK] How are you going to handle too much debt? - page 3. (Read 2678 times)

to deal with this is at least we do not add debt, then if our income is not large enough to pay off debt we can prioritize things that we think the main first after that all fulfilled new you can use the remaining budget that you have to pay debts

Some people are fond of taking loan from banks to pay up their debts, but that’s even the worst thing you can ever do as someone that is in debt. How can you be putting yourself in extra debts to pay up and old debts and then you will still remain in an ever increasing debt that will keep on having interest every month.

Banks are even the worst and you will regret taking a loan from them. The best thing you have to do is work hard and earn money to pay your debts, that’s the best thing.

Well, I must say it's not that easy to handle but based from my experience. I list down my debts by amount highest to lowest, I prioritize those I owe less and bargain to those I owed the highest to give me some time to pay. Why I start from the bottom? Simply because I don't want to think of it from time to time and also to focus on those I owed more. By far from what I've experience it feel less pressure than doing the other way around.

How'd will I pay or do for it?
1. I do request to render an overtime at work given the situation I'm in, *well not all companies/employers do give overtime pays especially here in our country, so it's safe to ask for permission before anything else. This is also to secure that you are going to get paid.*
2. Do or accept freelance job, just to earn extra income to compensate everything.
3. Apply for a 1 or 2 more jobs for part time above my regular job.

Maximizing all the possibilities I could make to meet my commitments. But not to the point, doing such things such as;
1. Asking for a loan to pay my other loans (That doesn't make sense)
2. Rob or steal
3. Gambling

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Just a piece of advice once you commit to the person that you owed, never break it or make sure that you'll comply with it. Why? It build a good relationship towards the other, whenever you needed to loan again for emergency, the lender would or could make it easy for you to borrow money from him/her.

I would pay my debts gradually. If I have more to spend for myself, then I will allot a lot more into paying the debts with the highest interest rate. Also to keep in mind not to borrow money or spend money on useless things while I am still paying my debts.

I can work my way up to pay off my debts, but I can not escape, but that's just a hypothesis, and I've never owed a large amount of money, I just do and I do not dare go to the market with big waves.

That depends on the person where you have debt, if he is a good person then he might just forgive you so the best thing to do is just pay as early as you can.

As for me when i had debt and i did not pay it at the same time i would choose to say that i would make a  deal that leads to peace. I would create a peace talk. And i will it in stalment as to assure i will also make a power of attorney that detailed to arrest me if i cannot pay it in the day that i promised to complete. So their is a strong foundation to make may devt pay.

Oh, men! Debts can be so mind-boggling. If you disagree, wait till you see someone who committed suicide because of too much debt. So, something so troubling might not have just a very simple solution. I think the first step is to take responsibility. You must come to terms with the fact of the situation you are in. Then take a firm stand that things need to change. The lifestyle and expenditure that got you into debt cannot get you out of it. So, CUT your expenditure sharply. From there, create a remuneration plan. Discuss with the companies and or individuals you owe on how to pay in installments. And while you're at this, make sure not to borrow a dime or else the whole vicious cycle continues.

It is really difficult to handle too much debt because this is not just simple problem that to be address lightly. Lifestyle is one of the main reason why an indvidual will going to fall too much debt so i suggest that to solve a problem financially you have to check your lifestyle and change some of your ways where you will going adhere.

Accept the fact the you are getting BROKE and be honest to those companies that you can't afford to settle them all at once, make promissory note and arrangements. they have the right to know your status so that they will not sue you. if they see how honest and genuine you are and trust that you will run from your responsibilities they will understand.

I think what we can do in situations like this is to coordinate and talk to your lender, if you have so many  debts, I think it is best to consolidate it so it will be just one lender or bank that you are dealing with. from there, lay down all your cards, tell them your situation, file bankrupcy if you can, asked for payment restructure where in you can still settle your debt even if it is longer than expected. You can also do some sidelines, sell baked goods, online jobs and others to add to your income.

I will work extra shifts to pay for my debt. I need to prioritize which one I should pay first rather than paying them all at once every pay day. Once I have finished with one debt, I could easily shift to which one debt I should pay first. If working extra shifts won’t help, I could work on holidays for extra pay or I could try online jobs during weekends? Or my free time.

Find a job and when you already have a job just know how to budget your money, and if you think that your money is not enough then avoid buying those things that you really don't need, focus in your every-day needs and try to save some of your money.

when you have a lot of debt it is better you parse the debt which is a lot and the debt which little after that you try to find a job and you try to pay little by little huitang you have, never run from debt and if can live not too lots of debt.

I think you shoul;d always montor your ssalary, avoid buying things that are not so much needed, learn how to budget. Even though it seems like it was impossible to pay all of your debt, it will be possible in the next weeks or month of budgeting. Just don't be so stressful about this stuff because you are just making the situation even worse.

Most people have a lot of debt because of poor lifestyle, I think debt is an obligation that must be resolved even if we have to have payments in small amounts, because trust is more valuable than the cash value. adjust our lifestyle with our financial capabilities so that not too much spending.

For me debt is pain therefore I always avoid debt as much as possible, because I know debt is an easy thing, but paying off is a very difficult thing.
"how to solve it?" the first thing you have to do is realize that you have a lot of debt
then start trying to fix your financial problems, maybe by looking for a better job or side job
and start saving to pay off your debts

It’s not easy to cope with this problem. If I were in a big debt, I think the first thing I’d do is keeping my head. Because if I don’t keep calm, probably I can’t give any method for solving my problem instead of getting scared to death.. Next, I will plan to borrow my relatives or some friends amount of money for paying debt. In addition, make a list of job which help me to earn significant benefit. Especially I will choose an extra job which can be full my free time. When I get money, I will pay for the one I’ve borrowed. The most important is doing all of my effort in order to not give up so that I can soon pay all my debt.. 

Actually you are going on a wrong way. This isn’t the way to go better with bitcoin. Things are that much better in this path. You may be getting big losses when you take some loan from someone and make your living. And even this loan taking is just for buying bitcoin, this is a stupid decision. Don’t take this, rate join some signature campaign and that will help you to gather some money.

I think you join this market and I know you know about crytocurrency investing. In my opinion, with your monthly income, you will not be able to pay off your debt in the shortest time.

So you only need to spend a small amount of money every month to invest, I believe that by the end of the year you will receive a large amount of money.