10 Signs That You Have Many Debts

debt loan

Many people today are in debt and do not know what to do. The more they try to get rid of debt, the more they increase. Even worse, however, is when they think they are not so indebted.

So if you are wondering if you have a lot of debt, now is the time to analyze your financial situation once and for all and start working to improve it!

Signs That You Have Many Debts

You don’t know how much you should

payment debts

Running away from your debts will not make them disappear. In fact, if you are unknowingly ignoring your accounts, you may already suspect that you have more debt than you can handle and are afraid to face it.

First, make a list of all your debts so you can understand how much you owe, and then make a plan to deal with it.

Even so that your debts do not increase, you must always plan the budget and also the monthly expenses.

 

You pay your bills after maturity because you have no money

no money

If your bill payments are above your budget then you definitely have many debts. Unfortunately, paying late or the minimum card only makes you more indebted, because now you have to (in addition to the bill) pay interest rates.

Look closely at your monthly expenses to find out what you can eliminate to better pay your bills.

 

You don’t answer the phone because it could be the bill collectors

debt loan

When collectors start calling you, your debts have become delinquent and non-repayable. You can avoid calls for a while, but don’t underestimate your creditors – they may decide to sue you for what you owe.

It is best to face the problem head on and talk to your collectors so they can come to an agreement and no one gets hurt more than they are already.

 

You borrow money

borrow money

If you need to pay your bills using loans from family, friends, credit cards or cash advance places, you will only increase your debt.

In addition to getting to the point where you have no one else to borrow, you will have to pay both the lender and your creditors.

 

You lose sleep

lose sleep

Are you so worried about your bills that you can’t sleep at night? Do you turn this way and that thinking about how you will pay your debts? Of course, this is a sign that you have too many accounts out of control.

In addition, you may develop serious sleep disorders, such as insomnia and excessive daytime sleepiness, which can hinder you. in your work, as the next topic shows. In the latter case, you may still get addicted to sleeping pills.

 

Your counts affect your income at work

Your counts affect your income at work

When your bills get in your way even at work, it’s time to do things differently. Losing your job is the last thing you need now; because a loss of income will get you into even more debt.

Try to focus as much as you can, even if you think you won’t. Focus on your priorities.

 

You broke your savings

You broke your savings

The absence of savings itself does not always mean that you have more debt than you can afford. But if you ran out of savings to pay your bills, then you have a problem and need to fix it.

Your savings should only be used in emergencies, and yes, really this is an emergency. So starting today, change your lifestyle and try to be more responsible.

 

Do you use drugs or alcohol to escape stress

beer drinking

Many people resort to drugs or alcohol to get away from problems. It would be no different with the stress caused by debt. Even the high cost of drugs / alcohol can make your bills grow even higher.

Therefore, seeking treatment will be the first step you will have to take to get out of debt forever.

 

You can not buy necessary things without a credit card or loan

You can not buy necessary things without a credit card or loan

If you can only buy necessary things, such as one way, one credit card or one loan, then you do not have enough money to support your lifestyle.

Your salary may not be enough or you are spending more than your budget.

Either way, you need to figure out how to survive on your income or find a way to increase it.

 

You hide your accounts from your loved ones

money loan

Ask yourself why you feel the need to hide from whom you love your debt, and the answer will probably be why they will not approve.

If you can’t be honest about your accounts, you’re likely to get bogged down in them. You can also hide because they will prevent you from spending, meaning you are addicted to shopping.

But remember that it is unhealthy in any relationship with lies, so tell the truth and ask for help before it is too late.

The Bank personal loan comes under the microscope

 

The group offers financing solutions through Bank, its credit specialist branch. The Bank personal loan makes it possible to finance any type of project (purchase of a used car, travel credit, etc.).

The personal loan, without proof of use of funds, it is always offered at a fixed APR rate. Let us take a look at the conditions of Bank’s personal credit, before comparing its offer with that of other credit specialists.

The conditions of the Bank personal loan

The conditions of the Carry Bank personal loan

The Bank personal loan is open to all individuals . Let us take stock of its main characteristics.

  • Amount: $ 3,000 to $ 75,000.
  • Duration: 12 to 84 months.
  • The monthly payments are known in advance, thanks to the presence of a fixed APR rate.
  • All individuals can claim the Bank personal loan.
  • It is a personal loan without proof of use of money.
  • You can repay your loan in advance.
  • It is possible to postpone certain monthly payments to compensate for unforeseen expenses.

The Bank personal loan can be obtained without having to justify the use of funds . However, credit should not be confused without proof of use and credit without document to provide. The usual credit documents (identity document, salary slips, proof of address) are compulsory. They will allow Bank to check the repayment capacity of each borrower.

Good to know : The Bank personal loan will not be canceled if the project, whatever it is, is not carried out. This is also true for any personal credit without proof of use of funds.

Is the Bank personal loan competitive?

Is the Carry Bank personal loan competitive?

It is by comparing the APR rates of the Bank personal loan with those of other credit organizations that we can judge its competitiveness. Our comparison focuses here on two popular formulas: a 5,000 USD loan over 36 months another 10,000 USD loan in 60 monthly payments.

The Bank personal loan of 10,000 $ over 48 months was the cheapest on the market at the time of our comparison. On the other hand, this is not the case on the 5000 $ loan, whose APR rate is much higher than that offered by the number 1 organization. We realize through this simulation the importance of a comparator of credit.

Compare the best rates, a compulsory passage

It is strongly advised to compare the best personal loan rates upstream before going to a specific site . Our comparator is designed to offer at a glance a personal loan at the best rate. Above all, it guarantees up to three immediate responses, subject to having taken care to apply for a credit. Organizations do not accept applications in the same way. It is thus classic to see his request go to a specialist but another refuse the conditions.

personal loan or conventional bank credit?

Carry personal loan or conventional bank credit?

The personal loan in bank is generally granted only to historical or privileged customers . Based on this fact, you really have to want to go through a bank – whether online or conventional – in order to get good credit. The APR rates offered by banks are also often not very advantageous, except for operations reserved for students or young workers.

How to obtain the Bank personal loan

How to obtain the Carry Bank personal loan

The Bank personal loan is mainly an online loan. It is by completing a form on the Bank website that you can get a first response in principle to your credit request. Let’s take a step-by-step look at how to get the Bank personal loan.

  • You must first select your project on the home page of the site, as well as the desired amounts and durations.
  • Once the first step has been validated, a summary of the conditions of the chosen Bank personal credit is obtained.
  • The validation of the conditions gives access to the online credit request form.
  • Five minutes later, we get an answer in principle.
  • A positive response leads to the creation of the personal loan contract.
  • then obliges us to send the contract, accompanied by supporting documents, in paper version.
  • Once the Bank personal loan has been accepted, the organization will not be able to pay the funds from the eighth day *.
  • The consumer has 14 days to withdraw

Bank personal loan: our opinion

Carry Bank personal loan: our opinion

The APR rates of the Bank personal loan should not be ashamed of those of the best credit organizations (Bankate, Yoabank personal loan, Bankil personal loan). The interest of Bank credit offers will depend a lot on promotional periods. This is the case for all credit players, and the reason why it is interesting to go through a comparator.

The small downside of the Bank personal loan is the impossibility of signing it electronically . Unlike several credit specialists, the group therefore always requires that its contract (printed or sent to its home) be returned in paper version. This step slows down obtaining credit by a few days. On the other hand, it is possible to obtain a first response in principle accepted but refused when examining the supporting documents. The reason is not always clearly mentioned.