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

[Crypdon]

I would say do not gamble it in crypto, as debt collectors do not take bitcoin for payment. However, if you do not trade then there is little chance of paying it back. Put in a small amount on the exchanges, participate in bounties/airdrops, and keep going until you get enough to pay it off

[darkr]

Not to have any debts, I never borrow the money and I never take any credits. If the person has a great debt, he can find another good job to get more fiat.

[Betwrong]

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?

Divide your debt into parts which are less than 20% of your monthly income and start paying out your debt every month, step by step. You have to set your mind on enjoying paying out that debt more than going to cafes, buying expensive unnecessary things or paying for any other entertainment, because now your biggest entertainment should be doing something for reducing your debt. Since you are concerned about how to solve this problem, you can't actually have fun with other things.

[chel0]

I've been this before wherein the salary I got from my regular job isn't enough for the needs of my family and to pay my monthly bills.It's almost 10 years that I am financially troublesome and my last resort was to resign to pay all my debts and be able to give the needs and wants for my family and kids.Now I have my new job and what had happened in my past was a lesson learned and now I know how to balance my budget by limiting my wants from my needs to be able to free from debts.

[wyplashdea]

Most common mistake its ask for more mini-credits to pay it.
I dont know which is the best solution; part-time jobs seems to be an income that should be consider until you pay back the debt. It hard to answer.

[magmar]

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've been this before wherein the pay I landed from my general position isn't sufficient for the necessities of my family and to pay my month to month bills.It's just about 10 years that I am fiscally troublesome and my final resort was to leave to pay every one of my obligations and have the capacity to give the requirements and needs for my family and kids.Now I have my new activity and what had occurred in my past was an exercise educated and now I know how to adjust my financial plan by restricting my needs from my should have the capacity to free from obligations.

[tranquangvinh]

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 should find a job to earn money to pay your debt that is the only way to pay your debt. You should not spend too much money when your income is not enough. In addition, you can borrow money from your friends or acquaintances to pay for the person you owe, and then still have to find a job to make money and pay back for them.

[BartS]

Divide your debt into parts which are less than 20% of your monthly income and start paying out your debt every month, step by step. You have to set your mind on enjoying paying out that debt more than going to cafes, buying expensive unnecessary things or paying for any other entertainment, because now your biggest entertainment should be doing something for reducing your debt. Since you are concerned about how to solve this problem, you can't actually have fun with other things.

This is the right advice people enjoy too much spending money and even worse they love even more to spend money they do not even have, when it should be the other way you should enjoy paying your debts and saving, those that do will have a better life than those that do not even if they earned the same income, those that spend money do not understand that by spending in unnecessary things they are condemning themselves to work for the rest of their lives and that is something I do not want.

[Glad108]

First, consider the priority of the debts in terms of the most pressing. You may result to dialogue first with your creditors. Depending on how the dialogue goes or who maybe be ready to give you an extension to pay off the debt you owe them. Maybe this few steps might help.

[andika2018]

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?

Better not take debt that we can not afford to pay. We should calculate our income and our expense. We should put at least 20% from our income for saving and investment. But if we already have big deb, better asking for rescheduling

[victoryana]

If you have too much debt you should take positive action to work as well as have specific repayment plans and never deny your repayment so it will not be good for you

[yndye]

First, consider the priority of the debts in terms of the most pressing. You may result to dialogue first with your creditors. Depending on how the dialogue goes or who maybe be ready to give you an extension to pay off the debt you owe them. Maybe this few steps might help.

Maybe you can have the option of debt restructuring so you will have to talk to the creditor if he would like to take the option because the creditor would likely to just choose this than not receiving anything at all. Find an opportunity to have an extra income so that you can pay even small sums and reduce your debt.

Do not look for a one time big time solution like you will just gamble and hope to win so that you can pay it all because most likely you will just lose but instead have a list of all your debts then start from the small one so that when you are already paid out some of the creditors, it would lessen the weigh in your shoulders.

[Sandijoee]

have that debt we have to pay it otherwise our life will not be safe until the hereafter, because it has debt. If you have a lot of debt and can not afford to pay or no money to pay for it. You simply sell your barrage that is not used anymore or if you have your asset sale assets with a relatively good price. That's the only way to repay the debt you have, because it has a lot of debt is not good.

[Eros1on]

When there is too much debt, may be sold out their part of the encryption to repay the loan, as an investor you have found that every time want to use a lot of money only to find the encryption has been down in price.

[rmel0924]

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?

We cannot deny sometimes we can be shorted with our budget but this situation is natural especially if you have family already. For me it is simple, I will just make cost cutting with our expenses at home. I will make shorten of the use of the things that can add to our budget. I will let family members to help at this situation that we have above all I will pray to God that He will guide me through this I knew HE will give some idea on how to get out of debt and make me financially free.

[gabmen]

have that debt we have to pay it otherwise our life will not be safe until the hereafter, because it has debt. If you have a lot of debt and can not afford to pay or no money to pay for it. You simply sell your barrage that is not used anymore or if you have your asset sale assets with a relatively good price. That's the only way to repay the debt you have, because it has a lot of debt is not good.

Well you're right. First of all it's important to keep your integrity so that if ever you get in a situation where you're in dire need, people won't hesitate to help you out. Being honest and making it a priority to pay off is one the best things you can do at that point.

[shinchan123]

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?

At first, you should know how hard or how heavy the burden of having debt is. If you can't pay for your debt then get rid of borrowing too much than your earnings. Try to pay for your debts little by little or through installment. Try also to look for another job to have another source of income.

[nguyenthanhvien]

Always work hard. Limit the use of unnecessary money. Plan a specific repayment schedule. Get more work outside of your regular work hours. Do not let others borrow your money and especially you should not borrow more money as this will make your mentality tired of growing debt.

[Betwrong]

Divide your debt into parts which are less than 20% of your monthly income and start paying out your debt every month, step by step. You have to set your mind on enjoying paying out that debt more than going to cafes, buying expensive unnecessary things or paying for any other entertainment, because now your biggest entertainment should be doing something for reducing your debt. Since you are concerned about how to solve this problem, you can't actually have fun with other things.

This is the right advice people enjoy too much spending money and even worse they love even more to spend money they do not even have, when it should be the other way you should enjoy paying your debts and saving, those that do will have a better life than those that do not even if they earned the same income, those that spend money do not understand that by spending in unnecessary things they are condemning themselves to work for the rest of their lives and that is something I do not want.

Yes, I've noticed that when people go in debt, it's the unnecessary things they buy with the borrowed money most of the time. They think that they need them and sometimes they think that they can't live without them even, but it turns out that the joy from having those things doesn't compensate the low mood associated with having a debt.

[mak2017]

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 our modern world there are numerous ways of paying debt even if you are short on money.
For example you can take another debt to cover previous, many credit companies offer such a opportunity today.
There is always a possibility to pay in small amounts as well.
But to be honest, try to avoid debts, especially in crypto better to use your own money at your own risk.
Money taken from banks or anyone else will always keep you nervous as long as the price of your crypto will go down.