In modern societies, borrowing has become a common thing. However, some may face the embarrassment of being “unable to borrow”. So how do you save yourself when you can't borrow money

I can't borrow any more. How can I save myself

1. Thinking about debt

First, don't panic when you can't borrow money. You need to think calmly and identify your own debt. If you already have a lot of debt and lack a source of repayment, borrowing more money could push you deeper into the mud. It would be useful to determine why it was necessary to borrow。

2. Search for local relief agencies

Secondly, when you are really unable to borrow, you may wish to seek the help of local aid agencies. These institutions may provide some financial assistance or advice or help you to obtain better vocational or training opportunities to increase your income. Some help institutions provide “temporary assistance to the poor” depending on your income and family situation, and may seek help from the relevant institutions in case of financial difficulties。

3. Seek alternative sources of income

Again, when you really can't borrow money, you can try to find other sources of income. Income may be increased by side employment, part-time work, etc. Fees or subsidies may also be obtained through participation in various events such as awards, questions and answers, and paid research. It would be useful to try some more possible opportunities。

Avoiding usury

Finally, even if you can't borrow money, you must avoid using usury or other unfathomable lending channels. These types of loans usually have high interest and unreasonable terms, which may make your financial situation worse and offset the benefits you expect。