Well, I have to clarify that personally I have never had any loan or debt in my life so this thread has nothing to do with my experience but intends to find out how people in loan/debt deal with the problem. Let's say you take loans from a bank and sometimes for whatever reason, you can not pay the debt on time, then you borrow money from other channels. Sure this works for a certain period but later bad things may happen, you have to postpone the payment and struggle with finances again. Isn't this a vicious circle ? How would you deal with the problem ? I am all ears.
I definitely agree that this is indeed, a vicious cycle.
to be honest I do not justify someone to be in debt but everyone's circumstances are different. do you know the proverb dig a hole close a hole, now the picture is like you owe it to the bank but can't pay it and look for another platform to pay it so that the money we have runs out to pay the interest on the loan.
when you are going into debt, you should think carefully, there must be potential money to be paid so that the cycle does not spread.