How would you deal with the problem ? I am all ears.
- Avoid the behavior of taking debt (again) to cover (other) debt as much as possible.
- Increase income, involve unemployed families.
- Rearrange lifestyle, spending (even ready to live in extreme conditions).
- Don't delay paying installments when it's time.
Also, only take a loan when you have the capacity to pay it back. Especially for credit or installment loans, only borrow money when you have the whole amount with you and the only reason that you loaned is because you want to maximize the time value of your money. It is also important to pay on time so you'll a good credit score or impression. Discipline is highly important so we can enjoy the money we have and the trust we built.