What it is the most annoying thing that could happen when you have bad credits and deep in debt And how do you solve it?

Being blacklisted is not the end of the world. Contrary to what other people think, you can still get a loan even if you’re blacklisted but being in the situation can be pretty annoying even for the debtor.

What is the most annoying thing that could happen to a debtor?

The annoying part comes when the bank sells your account to a collecting agency.

This is the very annoying part because collection agents will call, email and disturb you wherever you are in order for you to pay your credits.

They really go to distance when it comes to making your life as miserable as the law permits them. They even go to lengths where they contact your relatives and love ones and annoy the lights out of them.

They will do anything for you to make their time worthwhile and of course pay your debts.

Can they make me go to jail?

So far, non-payment of your credit and bills do not cause you to go to jail. However loan providers and other lenders will be very strict when it comes to lending a loan. This is very hard because some will not allow you to get loans for bad credited people.

This means that you will have to live using cash all your life, a very difficult situation to be in because there are times that you need to borrow the money for your plans to move.

But do not lose hope. People can still clean their name. They can start by doing these two simple things.

Credit History Matters

Your credit history is one of the requirements to get a loan. Good credit history is very important to be able to get a loan fast. 

Plan and implement a way to pay up your dues and clear your name slowly. Paying your credit until it’s all done will make your bad credit history to good credit history.

Stable Income

Getting a job is a must. You have to do it to get the money to pay up your debts. Strive as much as you can to get a stable income. 

If you have already a job then it’s time to do something that can get you more money. Try asking for a raise or promotion if you think you are qualified. If push comes the shove, you may consider transferring companies which pays a lot more.

These are the two most important ways to clear off our credit and start getting a loan. Just be confident focus on your goals and then you’ll be free from all the burden of having a debt.

Global finance can help you, simply click on the link to contact us.