What is the worst consequence of debt?

The worst consequence of debt is that you may be forced to give up all your property and face serious legal consequences.

Debtor, a seemingly high-yielding profession, has become a topic of increasing concern. But in fact, this is an illegal act, which should not exist from the perspective of law or human nature. If you choose to be a debtor, the intermediary company will package you as a person who owns real estate, vehicles and companies, and apply for a loan from the bank in this name, with a loan of 50% to 50%.

In this process, you don't need to make any efforts, just wait for the arrival of cash. But it also means that you will become an illegal household, and your reputation will suffer serious losses, which may affect all your loans and life in the future. The more serious problem is that you owe twice as much debt as you get cash. Although some intermediaries will bear part of the repayment responsibility, it is not reliable.

serious consequences

After all, if you can't repay the loan, they have no responsibility to continue to pay your debts. If you can't pay your debts, you may push yourself into an unbearable predicament. If you choose to be a debtor, you must know that the cash you get is only short-lived. You will be burdened with huge debts and may be forced to give up all your property and face serious legal consequences.

This will seriously affect your future life and work. So, no matter how much you need cash, please don't choose to be a debtor. Such behavior is not only illegal, but also will ruin your life. In the process of seeking wealth, please remember the importance of honesty and diligence, which is the right way to success and happiness.