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 generally don't like bank loans. Because I know that once I get involved in debt, it will be difficult to control. Moreover, if the loan is not paid, the debt burden increases. Which can make people's lives more miserable. If someone is in such a problem, he should by all means borrow money from any other source like friends or relatives to collect necessary money and pay off the bank loan. When the bank loan is paid off, he will gradually become normal. However, before taking any loan, the borrower must consider whether he has the ability to repay the loan. Otherwise no one should take any loan.