Frequently, debt sneaks unnoticed, no one should believe that it can not hit him. Only a bit of carelessness coupled with bad luck, are enough to end up in debt. If you are in a financial dilemma, you often ask yourself, how do debts actually arise? In many cases, the so-called debtor career begins at an early age with the first checking account, which was overdrawn. After some time, the bank then addresses the customer to turn this overdraft into a loan and the checking account can be overdrawn again.
Mobile phone contracts help with the emergence of debts
The offers promise a very low basic fee. On closer inspection, it is usually a significant burden that comes to the user every month over a period of two years. Big encores entice the mostly youthful users into further cell phone contracts. As a result, the ranking of Private credit for the user is very bad and loans are only to get a much higher interest rate. Thus, the debt spiral often begins to turn with the second mobile phone contract.
Installments should be treated with caution
Frequently, installment payments are agreed in good times. If you do not want to wait any longer for a new sofa, the big screen TV or a holiday trip, you will get an installment contract. Often, these are also offered with a so-called zero-percent funding. Thus traders offer enormous incentives to buy the goods immediately. As long as the buyer keeps his job, the partnership remains stable and no major illnesses occur, most installment contracts will take their regular course. But the wishes of the customers are constantly fueled by the advertising and the installment contracts pile up, precisely because the monthly payment amount is very low. However, several low sums are too much of a burden on the customer, especially in the case of sudden unemployment.
Get professional help
At the first signs of payment difficulties, the debtor should seek professional help. If possible, before the bailiff or expensive debt collection companies ring the doorbell, it is advisable to go to a debt counseling service. Of course, the situation for the person concerned is difficult to judge for themselves, but you should rather seek professional help too soon, as in private bankruptcy to end.