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Author Topic: [ASK] How are you going to handle too much debt?  (Read 2168 times)
ChandraGold
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October 23, 2018, 04:04:45 PM
 #461

If it was me, I had to change my job and decide to invest and something to make a profit. Because it will increase your ability to repay, for example investing in securities, real estate or crypto, for example. But remember, this investment is very risky, one is that you pay the debt, the second is that you make more debt
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October 23, 2018, 05:06:03 PM
 #462

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?
This is an unfortunate situation and i think it is a question of the monthly expenses. You have to limit the comfort so you can put more money away to pay your debt.

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ghost07
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October 23, 2018, 05:13:34 PM
 #463

I would just spend my money wisely don't over spend it on anything that you don't really need,
Pay your debt little by little I am sure that you could do that it would take some time but at least you paid your debt,
You just need to handle your money wisely.
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October 23, 2018, 05:35:05 PM
 #464

Bankruptcy is a very good option is the debt becomes overwhelming.  We all make financial mistakes, even Donald trump had to declare bankruptcy of some of his business operations.

I would never recommend going into debt in the first place unless you have a rock solid business plan.  Taking out loans to buy fancy cars or boats is just irresponsible. 
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