This question is really difficult!

Why?

Because of your business accident, owing millions of dollars in debt shows that you no longer have enough repayment ability, so you can only be in a state of being at the mercy of others.

So what should we do now?

First, discuss with the bank to relax the repayment period and reduce the repayment amount.

Banks usually agree because their purpose is to make you repay the money, not to "put you in jail", so if you give the bank an attitude and guarantee that you are willing to repay, the bank will basically relent. . We will even give you appropriate interest-free payment!

Second, discuss with family and friends to borrow money and pay off the most urgent debt first.

To put it bluntly, it is better to owe money to family and friends than to owe money to outsiders, especially the kind of loan sharks and online loans. Because for these loans, their interest rates are terrifyingly high. If you fail to repay the loan in a timely manner, the pressure and harm it will cause in the future will actually be very great. Therefore, even if you shamelessly ask for help, you must first pay back the money.

Third, work to pay off your debts. Now that your mentality and emotions have collapsed, and coupled with the pressure of debt, you are not suitable for continuing to start a business. Only after paying off your debts will you have the capital to start a business.

So now I can rely on part-time jobs, part-time jobs, and side jobs to pay off debts......

This is a lesson, tell us, do anything You can't be too radical, and you can't overdraw things beyond your ability and financial resources. A few million dollars is enough for a person to be unable to hold his head up for a lifetime, so you must cherish it, brother, I hope you can make a comeback.

Follow Zhang Daxian and don’t get lost in investing. There is useful information in my column, welcome to "taste" it.

Borrow again, loan, make a comeback and fly ashore; I’m optimistic about you! Also a reminder, the largest and most powerful credit card in the United States has entered China