1. Collating debts: list all debts, including loan amount, interest rate, repayment period and other information.
2. Make a repayment plan: make a reasonable repayment plan according to your own situation and disposable funds. Give priority to paying off debts with high interest rate or long overdue time, and ensure that other living expenses are fully covered.
3. Negotiation and negotiation: communicate with creditors and try to negotiate and adjust repayment conditions, such as deferred repayment and partial interest reduction. Some creditors may be willing to accept partial repayment or reschedule repayment.
4. Seek help: If the debt is too heavy, you can consult a credit consultant, lawyer or non-profit organization for professional advice and help.
5. Rational consumption and budget management: avoid falling into debt trouble again, establish good financial habits, formulate budgets, and strictly control expenditures.
Summary: Facing the problem of loan default, sorting out debts in time, making repayment plans, consulting with creditors and seeking professional help are effective coping strategies. At the same time, establishing a rational consumption concept and good budget management will help to avoid falling into debt trouble again.
Extended data:
If the situation is serious, legal means such as personal bankruptcy application and debt restructuring may need to be considered. It is recommended to consult professionals for relevant information and suggestions.