Life is short, you don’t need to wait for the things that turn positive and you should start enjoying – every person in the world want happy and buy the things and gadgets to enjoy every single moment but many of them get stuck in debt.
You should need to help your friends and family towards the serious matter as having debt problem often lead to the stress and people become stress after some time. But firstly you should need to find out the reason of your friend discouragement and here are the ways that help you to watch out whether your family member having a debt problem.
- People having serious injury or unable to pay the medical bill
- Your friends or family members are buying the latest gadgets or clothes to enjoy the beauty of the life
- Serious incident happened to the life of the people such as divorce such as newborn baby
- They don’t spend much time with friends and family and remain stress every time you meet
- They are afraid to speak on the matter of finances and hide their personal issues
- They are sleeping less than the normal
- They are gaining weight due to the reason of debt pressure
- They are the people that lost their jobs or remain unemployed
How to help your family or friends in a financial problem?
If your friends and family member lie in single condition then you need to check whether your loved one having a problem of debt and make the positive response to them. You can easily help your friends and family in such a way:
You know that presenting gift to loved one is the best way to extend the relationship and make deep impression in memory of the person and similarly if you know the condition of your friend you should present the cash gift to your friend as it remains valuable for him and make it sure that money is the gift and he shouldn’t need to repay the money back.
You can help your friend or family with the personal loan as you should need to sit in front of your friend and make the agreement in both parties where the interest charge must be lower than the market as you are helping your friend or can take help of the tax professional to make the right contract with the friend and help the person.
- Co-sign on bank loan:
There is a possibility that your friend or family members want to get out of the situation with the help of bank loan or line of credit but what if he requires a co-signer? You should need to help your person with the co-signing on loan as you are binding yourself to repay in case of a problem but helping your friend at a critical time.
You can help your friend or family member by providing the comfortable loan or if you are running your own business, you can hire them and provide them employment.