Are You In Debt? If So, You Need To Repay This Loan Quickly
“In debt” means literally getting money owed to you. “Being in debt” means having borrowed money. The second meaning implies having the loan. So, which one is it?
For those who have a more positive view of their own situation, “being in debt” may indicate that you have been overextended by your desires. Your own words describe that situation: you are in debt because you want more of what you cannot have. ” indebted” may simply mean “not able to pay.” However, the more positive your view is of yourself, and the more you perceive the positive side of your credit card debt situation, the easier it will be for you to be in debt – and the easier it will be to make good on your obligations.
For example, if you owe ten thousand dollars to your credit card company, then, you should write down every last cent that you owe them so you can make good on your obligations. If you owe five thousand dollars, then, five thousand dollars must go on your credit card debt. Write them all down; then, add them up. You may discover that you owe ten thousand dollars, five thousand dollars, or a little more than that.
Now, it will be easier for you to make good on your obligations if you view yourself as being in debt only in the sense of having an unpaid loan. If you believe that you owe money to other people, you are merely owing money in the form of services rendered to them. You owe money in the form of gifts. That’s true even if you gave your own services as well. When you are not paying back credit card debt, it is because you are paying money in the form of a service to another person – and that is debt.
You owe your life to your friend or family member who gave you the loan. You owe one service to this person: to repay this loan as quickly as possible. You are a person in great company, so it should not be surprising that you owe this one money. You don’t have to use it to pay back your debt.
What you need to do is follow the example of the friend or family member who lent you the loan. Follow their example. If you owe money to this friend, then, you owe money to this friend as well. If you owe five thousand dollars to your credit card company, then, you also owe five thousand dollars to this friend.
Use this friend’s example to repay your loan. Find out what their repayment schedule looks like, and plan your repayment according to it. If they are taking advantage of your friend’s generosity, then, it is time to treat them with great company by paying back the loan promptly and in full. By using their example, you can start planning your repayment in the same spirit as this friend would have treated you had you owed him five thousand dollars instead of five hundred. Your debt should never be treated with less than its actual worth – because you will only end up in worse financial trouble if you let it go without repaying at least some of it.
You are a person in great company: if you owe more than eight thousand dollars to your credit card company, then, you owe at least eight thousand dollars to your student loans as well. If you cannot repay even ten thousand dollars of debt, you will be in worse financial trouble than if you had repaid ten thousand dollars promptly and on time. That’s because you will have used the loan as kindling for a fire that resulted in your own financial ruin. By comparison, a thousand dollar loan that was repaid quickly will prevent the loss of your home and prevent student loan debt from growing substantially.