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+---- Thread: What would you do when in debt? (/showthread.php?tid=6259986)
RE: What would you do when in debt? - Yanix - Jan 27, 2024
(Jan 26, 2024 06:11 PM)voltkey1 Wrote: i would have borrowed more lol
Borrow more and maybe put up a business or invest to earn more then eventually pay your debt afterwards 😎
RE: What would you do when in debt? - ᗷᑌᑎᑕ0ᗪᕮ ⩜⃝☭✯ - Jan 27, 2024
Declare bankruptcy that’s what I’m doing currently now that I am $87,500 in medical debt. Welcome to America lol
RE: What would you do when in debt? - Hackers - Jan 27, 2024
If I was in crippling debt I guess I'd declare bankcruptcy. haven't had to face debt even close to that though and have been debt free for a bit. I paid off my car, but other than that haven't taken any loans or over-leveraged myself or anything like that.
I guess I would figure out if I can recover or if I need to declare or not. Then from there I'd rebuild with same career I'm in now, or potentially go for a riskier startup to try to cash out and pay it off before interest accrues.
RE: What would you do when in debt? - OhGetWacked - Jan 27, 2024
Debt is something you can learn to leverage. I suggest looking into it.
RE: What would you do when in debt? - Roule - Jan 28, 2024
Start work and save money so you can pay your debts
RE: What would you do when in debt? - Euaggelistes - Jan 28, 2024
You could possibly do some balance transfers if you've got fair credit. Transfer to 0% and pay off the highest interest rate on your debt. It requires you to be fastidious, but it can work.
RE: What would you do when in debt? - Hackers - Jan 28, 2024
(Jan 28, 2024 04:57 PM)Euaggelistes Wrote: You could possibly do some balance transfers if you've got fair credit. Transfer to 0% and pay off the highest interest rate on your debt. It requires you to be fastidious, but it can work.
Do you think people should risk taking on additional debt at a better or 0% interest rate in order to satisfy existing debt - what about to invest that new money and possibly risk losses?