As for the overdue credit card debt, you are already seriously unable to make ends meet. If this continues, the debt will only roll up. The best way to deal with it is to increase revenue and realize assets. Throttle means to reduce expenses and stop losses in time. So how do you stop the loss?
First of all, you can't rob Peter to pay Paul with loans. This way has only one result, that is, your debts will get bigger and bigger, and you will eventually face bankruptcy. In the end, you can't even guarantee your basic life, let alone go ashore, even if you can still borrow it now. You can't borrow any more because one day when you can't borrow, it's overdue or overdue, the other party should collect or collect, sue or sue, report or report, but the difference is that you have been squeezed dry by them and there is no cash flow. Is this what you want?
Secondly, you can't call you again because of collection. Because you want to get a short peace, you pay back a little on the left and a little on the right. In fact, all the money you have put in has become a commission for the collection company, a penalty due to the bank, and your principal has not been reduced at all. In the end, the bank should sue or sue, and report it or report it, but you have paid back your hard-earned money for nothing, living. Is this what you want? So how do you do it?
the correct way is to ensure that every penny you pay back is the principal, so how to open up sources? What about realizing assets and increasing income? "Sell" all the assets that can be realized in your name, such as real estate, car, stock equity, etc., are quickly realized, because even if you are reluctant now, when the other party sues you to the court, all the assets in your name will be frozen, and when it comes to the implementation stage, the court will forcibly auction your assets, and at that time your assets will be seriously shrunk. Originally, you were just insolvent. If you auction at a low price, you can imagine how much you will lose. So do you want to cash in at a high price now, or will you be sold at a low price later? In addition, the rate of appreciation of your assets can't keep up with the interest cost of borrowing money, so you must realize it at a high price and stop the loss in time. Only in this way can you minimize your losses.