{"id":3780,"date":"2020-03-09T16:04:00","date_gmt":"2020-03-09T16:04:00","guid":{"rendered":"https:\/\/asiaposts.com\/?p=3780"},"modified":"2022-09-18T09:58:58","modified_gmt":"2022-09-18T09:58:58","slug":"4-steps-to-living-debt-free-and-say-goodbye-to-loans","status":"publish","type":"post","link":"https:\/\/asiaposts.com\/4-steps-to-living-debt-free-and-say-goodbye-to-loans\/","title":{"rendered":"4 Steps to Living Debt-Free And Say Goodbye To Loans"},"content":{"rendered":"\n

Have you ever thought of successfully paying your personal loans?<\/p>\n\n\n\n

With a good credit history, borrowing money as a personal loan instead of using a credit card is advantageous. Interest rates can be as low as 5% depending on your credit history.<\/p>\n\n\n\n

You can also pay it over two to five years of fixed monthly installments. This makes paying your debt easier.<\/p>\n\n\n\n

But everyone has problems with finance at least once in their life. This makes payment of your borrowed money difficult to do. There’s sudden unemployment, health problems, medical bills, and homes losing value.<\/p>\n\n\n\n

Failure to pay back loans, what are the consequences?<\/strong><\/p>\n\n\n\n

This could reach to the point where you don’t answer the call when you suspect a collection agency is calling. You leave the bills unopened and you stuff them in the drawer. You keep quiet to make debt collectors assume no one’s home when coming by.<\/p>\n\n\n\n

The longer you don’t pay your loans, the higher the amount you need to pay because of the interest. Your banks and other\u00a0debt collectors<\/a>\u00a0will pester you. Your credit score will drop. Worst-case scenario, you would have to face legal action. You could get lawsuits.<\/p>\n\n\n\n

These scenarios will continue to stress you out and trigger fear and panic. You’ll get angry at the creditors who keep sending you bills. You’ll get angry at people and things you can blame, and you’ll get angry at yourself . But all these negative feelings shall perish once you pay off your loans.<\/p>\n\n\n\n

So, what are the steps you can take?<\/strong><\/p>\n\n\n\n