Thanks for getting back to me, but doesn’t the urgent need for cash (due to high debt) practically force many people to take out new, high-interest loans first, despite the long-term risks to their credit scores and financial stability?

Could it be that if banks are hesitant to grant a new personal loan due to significant existing debt and insufficient proof of income, focusing on debt negotiation or establishing repayment plans might be a more effective way to regain financial stability?