Your debt kills you

[Starmix]

Having a debt either from a private lending firm, a close friend or bank may stress you especially if the money borrowed is intended to build a small business or for fun with friends. When the due date of paying is nearing, you'll be breathing heavily for fear of the uknowns. And when a bad luck kicks you, unable to pay the first bill, you may feel a sharp blow from the unknown direction. You may feel like being beaten by your deep sentiment of regret. You might not be able to build a small business and the money was spent for buying something new to your eyes. Don't let it happen, as much as possible avoid debt.

 

[Augusta]

Debt can make you feel anxious, especially if you don't have support from friends or family or from your creditors. Debt can be a considerable burden, made worse by dealing with it alone.

 

[Starmix]

A debt can kill an individual if he is not responsible in paying for it on time. If he exists paying at least one month, it surcharges and the more crucial for the debtor to pay. Being a responsible debtor can escape a risk of penalty or a sanction from the law.

 

[Augusta]

The stress of managing debt, especially when it becomes overwhelming, can lead to mental health issues like depression and anxiety

 

[Starmix]

I understood how those debtors feel the time they pay their loan with a huge interest. However, the money borrowed was able to save the crucial need of cash.

 

[eLdavis]

Debts often takes away your peace of mind, which can even lead to metal issues like depression or anxiety.

 

[Starmix]

Debts often takes away your peace of mind, which can even lead to metal issues like depression or anxiety.

Agree, my friend who loaned in the bank and failed to pay for two months cried day and night searching for the solution of her problem. She applied for a loan just to buy the latest iPhone, I told her to sell the phone so she can have peace of mind. At that time she she has a foreigner boyfriend and he paid all her bank debts from capital to surcharges all in all $ 3000. She's now in the USA married to a rich American. She said she regretted her bad decision in the past that served as lesson.

 

[Suba]

According to some financial experts, Debt has two good and bad sides, bad if debt is misused for consumption and pleasure. Elon Musk also has personal debt and business debt, especially when he bought Twitter. So before taking the debt determine liquidity and solvability, and especially the ability to pay debt installments no more than 30% of income every month. Debt will have a positive impact if used to increase business capital or enlarge business.

 

[Augusta]

Debts lead to mental stress and generate negative thoughts in your mind. The result is fatal. It wreaks havoc on relationships and often make debtors suicidal

 

[Starmix]

Having a debt makes the person restless. I cannot blame those with debts. They resorted to do it for an immediate need, however, the obligation to pay debt may become a burden if there's no job or business of the borrower. It's better to ask money to a family member who might have a good financial resources.