Where can I borrow money for emergency when I have more debts?
The best way to borrow more debt is to pay back some small loans and credit card arrears on credit information, and then borrow money when the debt ratio drops below 50%. The borrower's repayment ability is relatively guaranteed, and it is easier to borrow money. If you have no money in hand and can't reduce the debt ratio through repayment, you can try to borrow money through these channels.
1. Credit card turnover: Credit cards can not only be overdrawn without interest, but also be loaned. For example, cash can be withdrawn directly by credit cards. As long as there is enough available credit in the card, you can borrow the card under normal circumstances, and there is little requirement for the borrower's qualification. However, considering that credit card withdrawal cannot be interest-free and does not support the minimum repayment amount and installment, try not to do so.
2. Mortgage loan: If you have a lot of debts, but you have assets such as cars and houses in your name, you can borrow money to mortgage your assets to get a loan. It's best to apply for a mortgage loan at the bank, and the interest will be lower. However, the loan amount is linked to the assessed price of the collateral. If you want to borrow more money, the collateral is more valuable and must not be overdue, otherwise the collateral will not be recovered.
3. Borrow money from relatives and friends: no credit card, no assets. Try to borrow money from relatives and friends, because there is no requirement for the borrower's qualification, so you won't look at the borrower's debt. The disadvantage is that you owe others and it is difficult to pay them back. You should be prepared for this.
The above is the introduction of "where to borrow money for emergency?" You can choose the appropriate borrowing channel according to your actual situation.