The most important step is to stop borrowing to repay other loans. Each new loan adds fees and makes the hole deeper.
- Remove or lower overdraft limits you keep falling into.
- Delete lending apps you don't need, so borrowing isn't one tap away.
- Talk honestly with family about what you can and can't give this month.
Remember that missed payments can get you listed with a Credit Reference Bureau, which makes future borrowing harder and more expensive. Getting ahead of that is worth it.
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