How does it truly feel to be financially indebted into another.

[CALVINDOL]

Being indebted is absolutely not a good feeling but yet borrowing money from time to time in order to sort out a particular personal or business financial problem that you or any member of a family could possibly have is indeed advisable . It has always been emphasized and taught that before collecting a financial loan or assistance from another or possibly from a financial institution it is best to first of all sit down and analyse how we will be able to pay the loan so as not to be indebted to the individual up to the financial institution for a very long time . No one loves to be indebted and if there is absolutely an individual who loves to be indebted such individual is considered and assumed to be crazy and inhumane . Individuals who are indebted to another for a very long time can totally testify to the fact that the situation and condition of being indebted is absolutely not inviting and encouraged , and that is because you get to be disturbed almost all the time by the lender of the money and sometimes you feel uncomfortable it almost every environment if you find yourself in .

In order to avoid getting into a messed up situation like this , it is best to critically analyse every actions we take toward collecting or borrowing a loan from another or from a financial institution. Our next step and action, totally depends on our answer on how we would be able to repay back the loan even if the reason or intention we need the loan for doesn't turn out as planned or expected.

 

[TOZZIBLINKZ]

Individuals financial responsibility and priorities absolutely be far from one individual to another and so it could be absolutely possible that an individual is more likely to borrow money in order to sort out his or her financial responsibilities and priorities . But one of the things many individual do wrong when trying to to borrow money to sort out financial responsibilities is basically the fact that they do not think on how they will be able to repay back the loan when the need arises . You need to be more concerned about the requirements of a particular business loan more than an actual collection of it .

One of the main reasons why majority of individuals are so much indebted for a long period of time is basically the fact that they do not think of a way out even if they borrowed the money and use it for the thing they intend to use whether good or bad .

 

[Abigael]

Being indebted to someone else is a very disturbing situation to be in. It is something that I have ever been into and decided to never go back there once I got out.

First, you feel so guilty that you have someone else's money. It is even worse when you don't know how you will make money to repay them. So you never want to run into them because everytime you do so, you are not comfortable due to guilt.

Secondly, you have so much anxiety and pressure to pay back the loan. This may hinder a lot with your life because you are never relaxed. If you were running business or doing a certain job, you mat have mental health issues due to anxiety hence your performance is poor.

All these effects tell you just how much you need to avoid unnecessary loans that you have not planned for. It is best to work hard to earn the money you need.