Debt Management.

[Renampun]

...

You can’t be trusted as a debtor if you have plans to avoid paying back on your loan. Aside that it will ruin your own reputation, it will also break the trust that the creditor has established for you. So avoid doing it as much as possible. Also, if you have the available money even before the due date comes, it’s much better if you pay your loan earlier to avoid future complications. That is if you want to clear off your debt totally. Otherwise, you might end up spending your money on some other things while losing the interest to pay back your loan, which I think is a very bad option. And one is not supposed to do that if you are a responsible debtor.

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

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[khiholangkang]

I would say dont be in a debt or attempt to make choices in such a way that a debt is never incurred. A debt is a constant headache, at least from my perspective, it makes me uneasy to feel that I owe someone money and have not been able to return it till date, be it a bank or a friend.

The concept of debt management comes in because people dont spend as per their needs and their income. If they did, they would never be at debt at all. There are methods to cut down on expenses but few people actually are diligent enough to employ those.

Try putting your credit card away and manage your expenses in a way that you have some saving at the end of the money - its a rigorous exercise, but it can be done.

If the context is debt for consumptive needs is certainly the wrong thing, however the reason is wrong, it is not a good thing for a finance if consumptive needs are fulfilled by money from loans it is an action that will burden us in the long run, I agree with you if in the context of consumptive needs. Then the solution is to economize and only provide needs according to our abilities.

But debt will be a different story if we are a businessman, this will be an additional wheel for business trips, mechanisms like this are still effectively used to expand the business we are building, but not the initial capital stage, but for the stage where we are already able to finance the financial flow of our business and then we want to expand the influence of the business then debt is not a problem as long as the deposits we make to debtors are still in a size below 10% of net income each month.

[erep]

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

Yes, we must be responsible for the initial decision when requesting a loan and we definitely promise to pay at a certain time, we must definitely be responsible for the payment time that has been determined so that you do not have a history of negative behavior or inappropriate promises to the borrower, even though we You don't have to pay interest on the loan, but appreciate that the borrower has provided a financial solution when you are in dire financial need. If we apply a responsible attitude towards other people, we will trust you forever.

[Dewi Aries]

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

Yes, we must be responsible for the initial decision when requesting a loan and we definitely promise to pay at a certain time, we must definitely be responsible for the payment time that has been determined so that you do not have a history of negative behavior or inappropriate promises to the borrower, even though we You don't have to pay interest on the loan, but appreciate that the borrower has provided a financial solution when you are in dire financial need. If we apply a responsible attitude towards other people, we will trust you forever.

If you apply for a loan to the service then yes usually you will be asked to tell them about the amount of salary you have from your main job, besides that when indeed the salary you have is quite large and meets the requirements of the loan amount you apply for then yes you just have to sign and promise to settle the debt until it is paid off, and on the other hand I think it is less likely for a borrower to be irresponsible because usually the service will ask for something to be used as collateral when they are unable to pay then the collateral will be confiscated.

As for interest, it depends on where you borrow, if you borrow from a relative or friend then yes usually the loan has no interest but if you go to an official service then there will usually be a few percent interest depending on the policy applied, But overall it's clear that when you have a loan you are responsible for paying it back and as you said, the risk of not paying back a loan is that you will usually have a negative record with a service which will make it difficult for you to borrow again in the future when you need it the most, so I think loans are only really useful when people are responsible, otherwise they will have problems as a result.

[Raflesia]

Yes, we must be responsible for the initial decision when requesting a loan and we definitely promise to pay at a certain time, we must definitely be responsible for the payment time that has been determined so that you do not have a history of negative behavior or inappropriate promises to the borrower, even though we You don't have to pay interest on the loan, but appreciate that the borrower has provided a financial solution when you are in dire financial need. If we apply a responsible attitude towards other people, we will trust you forever.

Sometimes debt agreements must be paid at the right time, and if they are late there is usually interest that will increase over time, and there may be people who borrow money and then pay it in installments like once a week. If we have borrowed money then we should pay it because it is an obligation. If we borrow money from the bank and we can't pay it back, we might be in trouble. It's like the person we're dealing with could come to our house and talk to us about the debt that needs to be repaid. 

I agree with you, loans do help our finances, and we take loans because we need money either to fulfill our needs or for other things.

[junder]

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

I agree with that, indeed we have to pay debts on time according to what was agreed at the beginning, because it is impossible not to have an agreement at the beginning when borrowing and borrowing money with mutually agreed terms regarding the time of payment. It's true what you said, when we have debt then we have to pay it because it is a form of responsibility, because if we can pay it on time, then the people who lend us the money will trust us and they can lend it again when we need a loan. but when we don't pay it then it will be a different story.

Being responsible is a must because it is good etiquette, we must be able to thank people who have helped us with financial matters. But don't make it a habit either, because I think it could end a good relationship if we can't pay it, so you have to consider that before borrowing money.

[poodle63]

Sometimes debt agreements must be paid at the right time, and if they are late there is usually interest that will increase over time, and there may be people who borrow money and then pay it in installments like once a week. If we have borrowed money then we should pay it because it is an obligation. If we borrow money from the bank and we can't pay it back, we might be in trouble. It's like the person we're dealing with could come to our house and talk to us about the debt that needs to be repaid. 

I agree with you, loans do help our finances, and we take loans because we need money either to fulfill our needs or for other things.

I fully agree with the statement but out there some people just don't grasp that responsibility that they are having after getting some loan from other people even from some institutions too.
personally I just never have the urge to have some debt, because it just doesn't really give me peace of mind in the long run I mean living with a big debt gotta feels really uncomfortable I mean working just to pay debt, getting our wage cut down to just half every month is just a big no for me.
but its also understandable that if taken advantage properly these loans gonna be lifesaver, but as a human we definitely have the desire to take up on a loan for something that we really don't need thats where financial discipline and education comes to play.
we should just try to calculate the weight of our debt for the long run using our knowledge in regard of financial and economy knowing a good debt and a bad debt, the bad one are the ones that just unproductive debt, just gonna burden our financial condition in the long run.

[hyudien]

I fully agree with the statement but out there some people just don't grasp that responsibility that they are having after getting some loan from other people even from some institutions too.
personally I just never have the urge to have some debt, because it just doesn't really give me peace of mind in the long run I mean living with a big debt gotta feels really uncomfortable I mean working just to pay debt, getting our wage cut down to just half every month is just a big no for me.
but its also understandable that if taken advantage properly these loans gonna be lifesaver, but as a human we definitely have the desire to take up on a loan for something that we really don't need thats where financial discipline and education comes to play.
we should just try to calculate the weight of our debt for the long run using our knowledge in regard of financial and economy knowing a good debt and a bad debt, the bad one are the ones that just unproductive debt, just gonna burden our financial condition in the long run.

It's true, living with a lot of debt is not at all peaceful. I think when we have a big debt, maybe every day we will continue to be haunted by a feeling of unease. except maybe the person who has the debt doesn't care about the debt they have, but it's not right if we forget about the debt we have even though we have to pay it off because it is our own responsibility to have the debt.
It's very uncomfortable if we work just to pay off debts we have or have had our salaries cut because of debts. In my opinion, this usually happens to those who work in factories or maybe there are people outside of that too. In my opinion, even long-term debt may have interest, which could make things difficult for us in the future, especially if we take out a loan and have debt from a legitimate bank.

[MissNonFall9]

I would say dont be in a debt or attempt to make choices in such a way that a debt is never incurred. A debt is a constant headache, at least from my perspective, it makes me uneasy to feel that I owe someone money and have not been able to return it till date, be it a bank or a friend.

The concept of debt management comes in because people dont spend as per their needs and their income. If they did, they would never be at debt at all. There are methods to cut down on expenses but few people actually are diligent enough to employ those.

Try putting your credit card away and manage your expenses in a way that you have some saving at the end of the money - its a rigorous exercise, but it can be done.

I fully support your statement not to engage in debt for purely personal and without any business purposes. But there are many areas where larger objectives are involved, such as business, where borrowing becomes a major issue. Because it is never possible to build or develop a big business with a single source of finance. So their business is established by taking loans. Again when a country wants to participate in any development work it takes loans to achieve strategic objectives. Many countries are often able to get things done by borrowing despite their ability. But I think it's very important to avoid using loans or credit cards for personal luxuries and I agree with your comments.

[stomachgrowls]

I would say dont be in a debt or attempt to make choices in such a way that a debt is never incurred. A debt is a constant headache, at least from my perspective, it makes me uneasy to feel that I owe someone money and have not been able to return it till date, be it a bank or a friend.

The concept of debt management comes in because people dont spend as per their needs and their income. If they did, they would never be at debt at all. There are methods to cut down on expenses but few people actually are diligent enough to employ those.

Try putting your credit card away and manage your expenses in a way that you have some saving at the end of the money - its a rigorous exercise, but it can be done.

I fully support your statement not to engage in debt for purely personal and without any business purposes. But there are many areas where larger objectives are involved, such as business, where borrowing becomes a major issue. Because it is never possible to build or develop a big business with a single source of finance. So their business is established by taking loans. Again when a country wants to participate in any development work it takes loans to achieve strategic objectives. Many countries are often able to get things done by borrowing despite their ability. But I think it's very important to avoid using loans or credit cards for personal luxuries and I agree with your comments.

There's only two possible reasons on which i would consider myself on taking up some loans;

1. Business expansion/Investment plans
2. Emergency funds (shortage)

On option #1 then this is would really be the best consideration for you to have on which you wont really be that making yourself wasted it up since its been applied on business.
Although there would really be no assurance about success but at least you have applied it on the right place.

For #2 then we cant really be able to have that unlimited funds, if emergencies happen like accidents or hospitalization then you wont really be having no option
but to take up some loan if there's some shortage.

[ginsan]

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

Yes, we must be responsible for the initial decision when requesting a loan and we definitely promise to pay at a certain time, we must definitely be responsible for the payment time that has been determined so that you do not have a history of negative behavior or inappropriate promises to the borrower, even though we You don't have to pay interest on the loan, but appreciate that the borrower has provided a financial solution when you are in dire financial need. If we apply a responsible attitude towards other people, we will trust you forever.

Yes that's right, so we try to be able to pay money on time according to the time we have promised is a form of extraordinary responsibility, I myself very rarely find people who do this, so from that I am very careful also in lending money or borrowing money to others because it is very sensitive when it comes to money, I myself if I want to borrow money need to advance myself first and when I will get the money and how much money I can afford to pay in the future, it becomes my parameter in borrowing money, because the trust of someone who helps us is very important for the future, this will affect many things if trust becomes damaged if we cannot be trusted.

Therefore it is very important to manage debt so that it can go according to plan and there is nothing detrimental, including what money we borrow is used for, this needs to be protected if using money just because of prestige and so on and that borrowed money is an act that will make us bad in financial terms.

[ChiBitCTy]

Managing debt can feel like a never ending battle, but it you follow the right moves, and stay dedicated you can do it.  I think one of the biggest first steps for a lot of people with a great deal of debt is simply running a monthly budget.   This was lay out all your monthly expenses, make sure you're spending money where it should be spent, and not where it shouldn't.  This goes A LONG WAYS!

[0t3p0t]

This could all be avoided if we just never had debt in the first place

let's face it many people get debts for things they don't really need they just want to buy it but they cant afford it if they were to pay it as of the moment which is something we should really avoid doing

we should already save money, cut on expenses and make budgets before we even get into debts

Totally agree with you mate. This is because most of us don't prioritize needs I know not all but I think majority has different mindset about this matter especially debt and overspending. That is the most common reason why some of us remains broke and unable to rise from poverty if we are already there. I think we should change negative into positive mindset to achieve a much better life. I was once like that to be honest that is why I really had to make find a solution.

[MissNonFall9]

I would say dont be in a debt or attempt to make choices in such a way that a debt is never incurred. A debt is a constant headache, at least from my perspective, it makes me uneasy to feel that I owe someone money and have not been able to return it till date, be it a bank or a friend.

The concept of debt management comes in because people dont spend as per their needs and their income. If they did, they would never be at debt at all. There are methods to cut down on expenses but few people actually are diligent enough to employ those.

Try putting your credit card away and manage your expenses in a way that you have some saving at the end of the money - its a rigorous exercise, but it can be done.

I fully support your statement not to engage in debt for purely personal and without any business purposes. But there are many areas where larger objectives are involved, such as business, where borrowing becomes a major issue. Because it is never possible to build or develop a big business with a single source of finance. So their business is established by taking loans. Again when a country wants to participate in any development work it takes loans to achieve strategic objectives. Many countries are often able to get things done by borrowing despite their ability. But I think it's very important to avoid using loans or credit cards for personal luxuries and I agree with your comments.

There's only two possible reasons on which i would consider myself on taking up some loans;

1. Business expansion/Investment plans
2. Emergency funds (shortage)

On option #1 then this is would really be the best consideration for you to have on which you wont really be that making yourself wasted it up since its been applied on business.
Although there would really be no assurance about success but at least you have applied it on the right place.

For #2 then we cant really be able to have that unlimited funds, if emergencies happen like accidents or hospitalization then you wont really be having no option
but to take up some loan if there's some shortage.

Yes exactly what I wanted to convey is very clearly and relevantly presented by your statement in few words. First of all is life, so if there is no option to take a loan for any critical moment of life, there is no option but to accept it. And we must invest to finance and improve our daily living. So in these cases we have to move towards development through borrowing. For we see that an arrow moves forward with a great speed only when taken backward. So this going backward is not actually going backward, it is the only way to move forward or accelerate development.

[boty]

Managing debt can feel like a never ending battle, but it you follow the right moves, and stay dedicated you can do it.  I think one of the biggest first steps for a lot of people with a great deal of debt is simply running a monthly budget.   This was lay out all your monthly expenses, make sure you're spending money where it should be spent, and not where it shouldn't.  This goes A LONG WAYS!

When someone can manage their debt well, of course they will never plan to go into debt for things they don't need, such as developing their business by aiming to develop the business, of course this will be able to make the business we run have an even greater income than than before and we also have to have a good plan before deciding to lend money to develop a business, because if we don't have a good plan of course it will be difficult to pay off the money we lend.

Having financial records will help us not to spend the money we have on useless things, because when someone cannot use their income properly of course they will be in debt and will have difficulty paying it off, so this is very important for those who don't want have debt to use their income well so they don't have to go into debt to meet their needs.

[Baki202]

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

Some people's methods of handling debt will just make it harder for you to borrow money from others; they may even begin to shun you. merely due to the money. Furthermore, paying on time demonstrates your responsibility, and given the way individuals behave with debt, it may even destroy your connection. Furthermore, some people feel that they have enough life experience and don't want to borrow money from others. Additionally, they can use sweet language to borrow money from you, and when the time comes to pay them back, they will start to avoid you.

All you need to do when your owing is to plan how to pay back. But some people don't even care anymore. The same way the debtor needs money do the borrower.

Yes, we must be responsible for the initial decision when requesting a loan and we definitely promise to pay at a certain time, we must definitely be responsible for the payment time that has been determined so that you do not have a history of negative behavior or inappropriate promises to the borrower, even though we You don't have to pay interest on the loan, but appreciate that the borrower has provided a financial solution when you are in dire financial need. If we apply a responsible attitude towards other people, we will trust you forever.

If not for it, a lot of people no longer give a damn about their reputation. If you were not concerned with your reputation, why would you take out a loan? It's ideal to borrow money with the intention of paying it back. I can think of quite a few individuals who have taken out loans from me and declined to repay them. However, I've discovered that I don't lend people money since I am aware of the money lost as a result of borrowing. I'll lend a hand if I want to, but I don't think I should borrow money. If you know you can pay what you borrowed don't bother borrowing.

[slapper]

Managing debt can feel like a never ending battle, but it you follow the right moves, and stay dedicated you can do it.  I think one of the biggest first steps for a lot of people with a great deal of debt is simply running a monthly budget.   This was lay out all your monthly expenses, make sure you're spending money where it should be spent, and not where it shouldn't.  This goes A LONG WAYS!

When someone can manage their debt well, of course they will never plan to go into debt for things they don't need, such as developing their business by aiming to develop the business, of course this will be able to make the business we run have an even greater income than than before and we also have to have a good plan before deciding to lend money to develop a business, because if we don't have a good plan of course it will be difficult to pay off the money we lend.

Having financial records will help us not to spend the money we have on useless things, because when someone cannot use their income properly of course they will be in debt and will have difficulty paying it off, so this is very important for those who don't want have debt to use their income well so they don't have to go into debt to meet their needs.

You will fail if you try to get rid of your debt with a general plan. Debt is a threat, so deal with it as such. You need a plan that can handle anything that comes up in real life.

Keeping track of your money? That's the very least. A deep study shows how you usually spend your money. You have to admit that your spending will get out of hand if you can't stop it. Preaching how to handle your money? It is clear. People fail when it comes to execution (self-control, brutal honesty).

Debt is not bad. There are two sides to leverage. You need to know how to use your plan and have a plan. No matter how much debt you have, one mistake can sink you. This market is unfair, separating those who are good with money from those who aren't. Change or get left behind

[Oasisman]

...

You can’t be trusted as a debtor if you have plans to avoid paying back on your loan. Aside that it will ruin your own reputation, it will also break the trust that the creditor has established for you. So avoid doing it as much as possible. Also, if you have the available money even before the due date comes, it’s much better if you pay your loan earlier to avoid future complications. That is if you want to clear off your debt totally. Otherwise, you might end up spending your money on some other things while losing the interest to pay back your loan, which I think is a very bad option. And one is not supposed to do that if you are a responsible debtor.

Paying debts on time is a form of responsibility and also good ethics. I am never late in paying my debts because I know which ones are my responsibility, which ones I have to prioritize and also the reputation I have to maintain.
Responsible people will definitely have a stable and comfortable life, we don't know what will happen to us in the future if we have a good history of paying debts then we can borrow money again in peace without being suspected, that's it, paying debt on time and being responsible for debts is a form of maturity and also good debt management.

Well, not paying debts on time will cost you more though as there will be another interest on top of your monthly amortizations. So, that will force everyone to pay on time. Maybe paying ahead of time when you have available money in your pocket is what we call a responsible payer. Paying on time can be missed sometime especially when there is an unforeseen circumstances that happens and will require an immediate funds, those funds intended to pay for debts maybe used in such cases.  That is just one of many example why we are missing a payment, so it is always better to pay ahead of time, let's say pay it a week before the actual due date.

[dunfida]

Avoid spending beyond your budget

You wont really be having no debts if you would really be living according into your means or something that in talk about sticking into your budget because once
you do make yourself that go beyond those numbers then most likely you would really be getting up some loan for you to be able to have some patching which its not really that a good idea.
This is why it would really be that best that you should really be having that strict budgeting if you dont really that putting up yourself on such trouble.
Avoid on taking up some loans as much as possible if it wasnt needed not unless if it is for the sake of business or investment then it might be reconsidered but if not then
better not to do such thing or action.

[Troytech]

This could all be avoided if we just never had debt in the first place

let's face it many people get debts for things they don't really need they just want to buy it but they cant afford it if they were to pay it as of the moment which is something we should really avoid doing

we should already save money, cut on expenses and make budgets before we even get into debts

Yeah from your stand point you are right, but I think you should also know that there are people that use debt to make money and avoid taxes,I believe you should know how money is created an thats through debt. Debt can be a useful tool to someone who understands and knows how to use it, if you are a business man you should know you can leverage on banks loan to build conserdrable wealth.

But as a normal person, the worst thing you can do is get into debt for liabilities that won't generate any dividends, such debt can destroy you, and that's when this rule would be valid.