[ASK] How are you going to handle too much debt?

[Jlv]

I think too much debt can be solve by looking for another extra income and try to discipline ourselves, control our expenses and before having another debt pay the person that we have the first debt.

[Ucihashin]

Everyone just have debt, so when i have much debt i just relax and follow the rule of life, don't worry about debt

[Getmon]

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?

That's going to be hard. But I know that a lot of people are in the same shoes as you are. Here is my couple of cents. You need to tighten the belt. Do not spend too much on miscellaneous. If it is not needed, avoid releasing some money for it. Look for some additional sources of income. If your income is not enough that means it needs to increase. Always set aside a certain amount regularly for debt payment. For now, you really have to deprive yourself a little. Sooner or later you are gonna be okay.  

[deppil]

no matter what the circumstances I think if we have a debt the thing that should be done is still responsible to pay it off even under any circumstances. the thing to do if we can not afford to pay the debt is I think you have to have extra work to be able to pay off your debts. I think you can do other work outside your daily work activities.

Yeah you're right our duty is to pay what we have borrowed, your fault is you have a lot of loan, it should be when you want to ask for debt you have to adjust to your financial condition and your income. so your debt will not burden you. if you already have a lot of debt. paying them periodically is better

[Janation]

Everyone just have debt, so when i have much debt i just relax and follow the rule of life, don't worry about debt

All of us has our own debt and I don't think that no one can say that he or she has no debt since we are in care of our parents or our loved ones. We receive help from our friends though they don't want to receive any special things from that, we can say that it is a small debt to them that in time will be paid by a small means. If you are in debt of money to someone, you must take responsibility to that certain individual since will not just lose a friend but you also lose his trust to you as one.

[chrisculanag]

Everyone just have debt, so when i have much debt i just relax and follow the rule of life, don't worry about debt

All of us has our own debt and I don't think that no one can say that he or she has no debt since we are in care of our parents or our loved ones. We receive help from our friends though they don't want to receive any special things from that, we can say that it is a small debt to them that in time will be paid by a small means. If you are in debt of money to someone, you must take responsibility to that certain individual since will not just lose a friend but you also lose his trust to you as one.

Thats right , when we are born they have already debt not only in financial but also in good things the we want to give it back to others. In financial debt you can handle this with your own decision , honestly i have a debt but not to much because i want to pay it in a right time . If you have a debt try to manage your income to pay your debt and after that make a plan to avoid to much debt .

[ToyotaFortuner]

to manage the amount of debt you should find a job that can give you the money and you choose to settle the most debt first then only the least because it is for your spirit to make money to make as much money to pay your debt.

[Casdinyard]

Everyone just have debt, so when i have much debt i just relax and follow the rule of life, don't worry about debt

Seriously? You just relax while the one you have debt with is worried when you'll pay because he might need money and even you think he doesn't need the money you still have to pay. And the rule of life is live without debt so pay your debt and live your life worry free.

As per OP, if I have debt of course I make sure even little by little I pay the one I owe money. They help us when we need money and it's our obligation to pay them back even nothing will be left for us.

[rasp]

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?

In such a situation I would try to negotiate with the moneylender about reducing the sums to be regularly paid.
I'm sure there should be some ways of refinancing the debt, no matter what kind of a loan it was.

[quality.crypto]

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?

In such a situation I would try to negotiate with the moneylender about reducing the sums to be regularly paid.
I'm sure there should be some ways of refinancing the debt, no matter what kind of a loan it was.

Yes, exactly too much debits will make to diversify our incomes because without finding other sources of income, it might be difficult to handle. So we have to find other refinancing sources in order to get the loan for low interest.

[Elkafi]

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 think you can try to pay little by little, negotiate with the lender. ask for a longer time with smaller payment installments, negotiate. Trying to switch to a profitable investment
 In order to pay off the debt.

[spyerf]

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 is almost a habit of people in general. and this is very difficult to avoid. but we must be able to limit by always considering the income we can make. how much we should have a sense of responsibility to pay for it by getting more of our daily income by working and thinking more. then we should be wise in making decisions when wanting to owe.

[carlfebz2]

Everyone just have debt, so when i have much debt i just relax and follow the rule of life, don't worry about debt

Seriously? You just relax while the one you have debt with is worried when you'll pay because he might need money and even you think he doesn't need the money you still have to pay. And the rule of life is live without debt so pay your debt and live your life worry free.

As per OP, if I have debt of course I make sure even little by little I pay the one I owe money. They help us when we need money and it's our obligation to pay them back even nothing will be left for us.

Once you borrowed money it is really our obligation to repay such thing and the word relax is just fitted for those people who do know that they can repay such debt but if not or you do struggle for sure you would really be stressed out how to resolve it. This is why if you dont like to experience such thing then its better not to make debts or do have loan at all but sometimes in reality we cant really avoid to do such thing because in times of need we do really borrow specially on emergency but we should repay it once we do have already a cash.

[Ulan01]

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?

In life, debt is a common thing, especially in business. All we have to do is stay responsible for paying. and we can not do it when our income is less than the debt we have. so start saving money and looking for income beyond our regular earnings.

[Pamahaw]

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 think it will boil down to discipline in handling money matters. You won't have debt it you are a responsible person and i admit it is easier said than done. Since you are now in debt, you have to face it and you have to organize a payment scheme to your debt. Pay it slowly and regularly, be sure to be attentive to what or where your income went.

[BartS]

If I had such problems, I would talk with people from whom I took the money  and tried to explain my situation and even change our agreements to make it more friendly for myself (But I think, it's only possible, if you borrowed money from friends, like I always do), if not, then you should analyze all your spends, and look where you can save some and find another job.

You can also try to negotiate your debt with banks since they do not like to lose money but this is a lot harder since you probably agreed to some terms and conditions about what was expected of you, but it is possible so if you are in real trouble there is nothing to lose and try to renegotiate the terms of your debt but if the debt is too big there is not other way than to try to earn more money and anyone that has tried to do that knows that it is easier said than done.

[futile-resistance]

If I had such problems, I would talk with people from whom I took the money  and tried to explain my situation and even change our agreements to make it more friendly for myself (But I think, it's only possible, if you borrowed money from friends, like I always do), if not, then you should analyze all your spends, and look where you can save some and find another job.

You know what I think about all such problems, they created just because the person handling such fuss, he really doesn’t know what to do. He just come over through some friend or some colleague who have shown him the glamour and money out of this work. He doesn’t learn the basics of trading or investing and just dove in the pool to check how luck would play with him.

[lebrone08]

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 think you need to change your daily routine in terms of budgeting your salary. First try to minimize your expenses, if it is not important don't spend too much, don't always eat in restaurants, if you could cook for your self much better, try to add more percentage in your savings. After setting those things try to check if you save more than expenses. If the results is positive then continue until you settle all your debt. I hope this could help others to resolve their problems.

[julzcoinbit]

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?

In my own opinion, while I have stable job, I will find extra job to get extra Income of course and maybe this bitcoin forum Is suit for me, since my salary Is not enough In our daily needs and other expenses.  Because of bitcoin my problem had been solve and now, I didn't feel any crisis because I already had an extra Income which might bigger than my salary.

[kenharry]

Debt come into being when all income available to the person cannot pay all bills instantly. You take records of all your debts and their interests. Take a decision to pay off your debts and be free from debt burden. Try and meet your creditors to accept whatever amount you can afford. Pay your debts first from whatever income you received. You need to expand your means of income. Taking advantage of the technologically driven economy to engage bitcoin and other cryptocurrencies to completing your income.