So many people are struggling with debts and bad credit score by themselves, completely on their own, while they could have asked for help from the closed ones to gain some moral support. Why do not they do it? Without any doubts, accepting the fact that your finances are totally crashed up is tough and stressful.
Still, it is essential to have somebody else’s helpful hand. What if the beloved ones are actually able to help and give some pieces of advice that might change your perspective on an entire problem.
Let’s review all advantages of sharing your bad financial experience with friends and family and its consequences.
1. Do not be ashamed
Nobody is perfect and nothing goes well from the first attempt. Moreover, everybody fails. If you know some exceptions of this rule when people succeeded at the first try – you were simply not told all the story. So, do not feel ashamed to demonstrate your experience to someone you can talk with.
2. Sharing the same problem
Has anyone of your friends had the same problems as you are facing now? It is very embarrassing and confusing to cope with financial problems on your own, solely. Remember: the more support you gain, the more confident you will feel and the faster you will dispose of any debts.
3. Gaining more experience
Have a look at your financial collapse from another perspective, take another side, change your attitude towards the problem. Once solved it, got rid of all debts – you will become so much smarter and more experienced that you will never make the same mistakes again.
4. Why do you never join us?
How often do you hear such questions? Have you stopped spending time with your friends and family only due to expensiveness of activities they participate in? If you explain them a reason of your constant refusals, they will stop annoying you with such questions, and what is more important – they will not think that you are trying to avoid their company.
5. Get small financial aid
Sometimes debt absorbs all the funds, all cash and there is literally no money left. It seems that there can be no way-out found of such a deplorable situation except of borrowing money from someone.
There are some people who apply for payday loans, try to improve credit score to get a loan from a bank but the fastest way to obtain quick cash is to ask from friends or relatives.
Tip: try to borrow the smallest amount possible so you will not take risk with your private relationship. Still, consider it as a last option. Try to pay off the debts yourself and if there is no chance to stay independent – pay off the loans from friends first and as soon as possible.
6. Stay positive
Staying away from debts in our modern society with credit cards, student loans and mortgages is basically impossible. It goes without saying that everybody has some debts. The most momentous point is to remain aware of exact amount of them and your overall financial state. Nonetheless, no matter what condition your finances are in, discuss them with your friends and who knows, maybe you will be smartly advised on the better operation of them.