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  • How To Get Out Of Debt?

    • How To Get Out Of Debt?

    Tags: general business, get out of debt, bank
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    sasha Offline referral

    Posts: 154
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    #1
    07-30-2015 -
    Contributor
    Had a business that got me into deep trouble with my bank! My debt is huge what should I do?
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    marcus_avrelius
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    marcus_avrelius Offline referral

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    Joined: May 2013
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    #2
    08-04-2015 -
    Support Team
    Try getting another loan or credit and then use it to pay the firs one. It's not a perfect plan nor the solution but at least you will not loose your house or whatever you have as down-payment.
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    jeffronald19 Offline referral

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    #3
    01-30-2017 -
    Member
    Plan your strategy carefully. Determine if you can afford to pay the Total Monthly Payment until your debt is paid off. If not doable, contact a credit counseling agency and/or bankruptcy attorney for advice. If doable, decide which debt to pay off first.
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    HamzaAfzal Offline referral

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    #4
    11-06-2017 -
    Senior Member
    The only solution to get out of debt is that you have to start alternate business with your remaining amount and if you are short of money then take some loan and be careful to start a business and always keep in mind that invest money in 100% successful business.
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