What does the common man do when he gets into a delicate situation? You’d say he’s starting to look for the solution, but that’s not the case at all. We usually tend to dive deeper into problems.
This is also the case for many of those who owe money to the banks today and found themselves with ever higher rates as interest rates rose, as a result of the National Bank’s decision to intervene hard on the money market and increase the key interest, to combat inflation.
For about a year now, Romanians who have to repay loans in lei with variable interest have been living a real nightmare.
Many have had to take on another job to keep up with the installments, while others are considering plunging deeper into trouble.
For example, a person complains on a Facebook group called Life and money about the desperate situation he has found himself in with regard to the impossibility of paying his installments to the banks.
It’s unbelievable how some Romanians with bank debts end up thinking and acting
However, our man, although he has reached the bottom of the bag, is thinking of fixing his situation by applying for another loan.
“Howdy! What do you advise me to do, I have reached the impossibility of paying the credits. I still have about 20,000 euros to pay with a rate of 2,950 ron to BRD which ends in 2025, and another 850 Credius until 2026, both for personal needs! Would it be profitable to sell the two-room apartment that I have without a mortgage and buy a three-room apartment with a mortgage for 20 or 25 years!? I don’t know what to do, it’s very difficult, we also have two small children. I can’t resist like this to the end to carry them, we barely live from one month to the next! Really looking forward to some helpful advice if you’ve faced something like this!” wrote the anonymous.
The reaction of the other members was not delayed and most of those who actually commented cannot explain how the person in question ends up looking for such a solution which obviously has a greater chance of burying him alive in debt.
“When the Romanian is in trouble, he gets into an even bigger one!”, commented another member of the group, perfectly summarizing the essence of the whole situation.
Another member suggested that he look for opportunities to increase his monthly income and be able to honor his responsibilities to the banks he owes money to: “1. What has brought you to this point is your lack of discipline and use of money. 2. What can put you in a bigger hole: other loans. Why? Because it’s clear that you can’t control your spending. 3. What is there to do? Look for another job where you can earn more so you can finish the two credits that don’t have a distant end point. Avoid other debts. Don’t touch the good that gives you stability: the house you have”, commented the user.