Facing the debt

In recent years, it has been so easy to get involved into debt. Almost everywhere we went; credit companies were trying to convince us to borrow money or buy goods. It felt like there is so much almost free of charge money, and interest rates are very small, and in almost a minute u can join this class of wealthy people by taking some more money in credit. Finance companies and banks have been competing to lend us their money. There were a lot of signs WORRIED ABOUT DEBT? TAKE OUT A LOAN.

Crisis hit with unexpected understanding that money in the world are limited and to get some you actually have to earn them. There was a mixture of strong desire of banks to give us money, so that they didn’t bother with checking credibility of payment; and great desire of people to have more money to spend without deep thinking about possibility of repaying it. (why would anybody bother with such idea, in any case u can take one more loan – suggested credit companies).

With the crisis banks stop giving out so much money and the debts needs to be faced and paid off. How on earth it is possible to do? What if you got redundant and have no more income, should you run into another country and change your name?