If you owe too much debt, should you sell your house to pay off your debts?

I don't think so, because the house can stabilize one's heart, and there are many ways to repay the money, and you can pay off the debt through your own efforts.

I think so. After all, it's very uncomfortable to owe money to others, so it's better to sell the house and pay off all the debts and start all over again.

I don't think I should sell my house to pay off my debts, because the house is my only asset. What I should do is work hard to earn money and pay off my debts slowly.

If you owe too much debt, you will be overwhelmed, and selling your house is only temporary. Debt-free and light, after hard work, the house will have sooner or later.

If you are in debt, do you want to sell your house and repay it? If necessary, it is necessary to sell the house to repay, only in this way, can the loss be minimized, when you are in debt, and borrow some online loans, or sell the house loan after the bank applies for a loan, you can maintain a good credit record.

1. Consequences of non-repayment.

If it is on an online loan platform.

Or if you take out a loan in a bank and do not repay it on time, then personal credit reporting.

There will be a problem, even if you don't sell the house, if you are sued at that time, the court will help the borrower to sell the house. Therefore, it is better to sell the house first and pay back the money. Maybe there is still money left, and everyone can also use this remaining money to rent a house first, and Dongshan will always be together.

But if we are overdue, we are blacklisted.

This record is to be kept for five years, and in these five years, we can do a lot of things, and we must not waste our time in these five years because of overdue.

2. Is it reliable to sell a house and repay the loan?

When we borrow money, we also know that there will always be a day, and we can't afford it for a long time, so we can only repay the loan by practicing selling cars or real estate.

3. Summary. If you are a family and have children, I suggest that you do not sell your house, for Chinese people, you may have worked hard all your life to buy a house, so that your family has a place to live, if the only house is gone, the most basic living security of the family is gone. But if there are more debts, the risk of legal enforcement after the creditor sue is always there, unless you pay off the arrears or have reached an installment repayment agreement with the creditor, but you have to have food in your mouth, otherwise there is a possibility of being sued at any time, then you have to keep the house and transfer the property through some means, but you have to avoid legal risks, if it is not handled well, the creditor can sue you to enter the enforcement procedure after the creditor revocation right.

or a lawsuit for revocation by a third party, there is a risk that the transfer of the house will be revoked by the court and then auctioned.

Summary. Selling a house can quickly pay off the compensation, but in fact, you can also use the house as collateral to repay the debt from the bank, which may protect the house. Mortgage loans, also known as "mortgage loans".

It refers to a type of lending used by banks in certain countries. The borrower is required to provide a certain amount of collateral as security for the loan to guarantee the repayment of the loan when it is due. Collateral is generally easy to keep, not easy to wear, easy to sell, such as value, bills, real estate, etc.

After the expiration of the loan, if the borrower does not repay the loan on time, the bank has the right to auction the collateral and repay the loan with the auction proceeds. The balance of the loan is returned to the borrower after the auction proceeds are settled. If the auction proceeds are insufficient to repay the loan, the borrower will continue to pay off.

Hello, dear, selling your house to pay off your debts means that you are a trustworthy person.

Selling a house can quickly pay off the compensation, but in fact, you can also use the house as a mortgage to repay the debt from the bank, which may keep the house. Mortgage loans, also known as "mortgage loans". It refers to a type of lending used by banks in certain countries.

The borrower is required to provide a certain amount of collateral as security for the loan to guarantee the repayment of the loan when it is due. Collateral is generally easy to keep, not easy to wear, easy to sell, such as price, bills, real estate, etc. After the expiration of the loan, if the borrower does not repay the loan on time, the bank has the right to auction the collateral and repay the loan with the auction proceeds.

The balance of the auction proceeds to repay the loan shall be returned to the borrower. If the auction proceeds are insufficient to repay the loan, the borrower will continue to pay off.

I hope mine can help you and I wish you all the best! <>

Of course, buying a house can be repaid quickly, but in fact, you can also use the house as a mortgage to pay off the bank's debt, so you can keep the house. Mortgages, also known as mortgages. It refers to a type of loan used by silver fiber cover banks in some countries.

The borrower needs to provide certain collateral as security for the loan to ensure that the loan is repaid when due. Collateral is generally easy to keep, not easy to lose, easy to ** items, such as **, bills, **, real estate, etc. If the borrower fails to repay the loan on time after the expiration of the loan, the bank has the right to auction the collateral and use the auction proceeds to repay the loan.

The balance of the loan repaid by the auction proceeds is returned to the borrower. If the auction proceeds are insufficient to repay the loan, the borrower shall continue to repay.

The Criminal Law of the People's Republic of China is ruined.