Large debts are a big problem. The amount seems huge, it will take many years to pay, but there is no strength and desire to do something. The situation can be aggravated by pressure from collectors, bailiffs or other structures demanding a refund.
Instructions
Step 1
Usually a person has not one debt, but several. These can be loans from relatives and friends, loans and property pledges. It takes a lot of time and effort to pay to different places. It is necessary not only to give everything on time, but also to remember all the time about the terms and amounts. This is very morally crushing. Therefore, it is better to start by reducing the amount of debt. A loan to pay off obligations is an opportunity to take money from one bank to close other debts. Of course, not everyone has such an opportunity, but it's worth trying. At the same time, it is important to find more favorable conditions, pay attention to the interest, it is important that it is not higher than on previous loans. The peculiarity of such offers is the ability to increase the payment period, but at the same time the monthly payment will be one and not too large.
Step 2
The most important rule when paying off debts is to give no more than 50% of your earnings. If a person pays more, he loses interest in work and life. He does not have the opportunity to spend something on himself, does not meet the needs of the family, which means he gets more tired and gets depressed very quickly. In this mood there is no strength to work, which means that the results are falling, the money is getting even less. If half of the income remains in your hands, this allows you to slightly expand opportunities. Even small little things begin to decorate the world, because before that you had to deny yourself everything. To realize this opportunity, contact the bank for restructuring. Some banks provide this opportunity, they increase the payment term, but at the same time the monthly payments become smaller.
Step 3
To pay off debts faster, you need to work. It is important not to save and give away every penny, but to increase the amount of earnings. Look for additional sources of income. Movers, janitors, cleaners are always needed. You can do something on the Internet in the evenings, or even just post ads. Finding places is important. Where can you get income. But remember that only 50% you can give for repayment, the rest will remain in your pocket and will stimulate you.
Step 4
Stop worrying. Moral pressure is used by many companies to knock out debt, but they will not exert any physical pressure on you, this is not legal. Nothing will go further than conversations. Of course, according to the contract, they can sue you, and then transfer the case to the bailiffs. But again, this will stop the accrual of interest, and you can pay by court decision in any amount as the funds are received. Sometimes this is even the best option for reducing your monthly payment.
