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 think borrowing money repeatedly won't be a problem if you pay it on time, but the problem here is whether the person who borrowed can be responsible for what was promised? Since we don't know what goes through someone's mind after borrowing money from you and the responsibility to repay it on time, I don't think everyone has a conscience when it comes to paying debts or repaying loans he has borrowed.