It is like a double-edged sword. If you use it well, you will be stuck. If you use it poorly, you will be stuck. There are too many people who have applied for credit cards and become card slaves due to overdraft consumption. For example, I am a bloody example.
In May 2015, I joined an e-commerce company. My monthly salary at that time was about 3,000 yuan, and the mobile phone I used was a 16G Xiaomi Mi 4, which cost 1,999 yuan. Due to work reasons, a mobile phone with 16G memory is completely insufficient, so I applied for the first credit card in my life: China Merchants Bank Credit Card. I bought an Apple 6S in installments. From that moment on, it got deeper and deeper.
When you swipe your credit card, do you always feel like you are not spending your own money?
After you have a credit card, you can buy whatever you want, because the expenses that are not debit cards do not make much sense. If you can’t pay off this one, you will get another one. After a while, you will find out that you owe money. , more and more, so much that my salary can’t even cover it!
People who like to spend blindly and have poor self-control should really not apply for a credit card!
Let’s talk about online loans.
The first online loan I came into contact with was Alipay’s Jiebai.
At that time, Alipay was used quite frequently, and it was the kind that could spend thousands of dollars a month. The limit also kept rising, reaching the current peak, with a Huabei of 32,000 yuan, and borrowing money. It's 168,000 yuan, but I can't repay it now, and it's overdue for more than 200 days.
After getting into contact with online loans, I really realized that compared to credit cards, online loans are really terrible. The threshold is low, the operation is simple, and the mobile APP can place a payment in a few minutes, which has made too many people fall into it!
The second online loan I took out was in November 2018. It was an advertisement I saw on TV. Baidu had money to spend. At that time, the credit report may have been OK, and the limit was 48,000. I loaned it all out. At that time, I resigned from the company I had worked for for almost 3 years, and I still resigned... I was full of passion and wanted to start my own business! If you don’t have money, you can borrow online loans to start a business. In the end, I lost all my money for various reasons! It’s miserable, but you really deserve it!
Maybe the fall was not bad enough. After the failure of my business, I did not realize the seriousness of the matter. Instead of finding a job and working hard to make money to pay off the debt, I continued to work as a card user in a decadent manner. Slave, if you can’t repay the online loan, just borrow another one. Didi Shuidai, China Merchants United Finance, Fangxindai, Suning Finance... almost everything I could borrow was borrowed!
Taking out an online loan is like gambling. It’s easy to become addicted when money comes too easily...
The main reason why I am in debt now is because I don’t have clear self-understanding and self-control. Caused by the difference! I want to make a lot of money, but I don't want to work hard!
Fortunately, I turned back.
Now I work more than ten hours a day. I go to work during the day and do the workload of several people by myself. I run out for takeout after work at night. I rub my injured foot and keep running. I am often criticized when doing self-media. People call me lazy, but I tell myself that it doesn't matter, as long as I can make money.
It is estimated that by the end of this year, my only online loan will be Alipay. So even though it’s a bit hard now, as long as I work hard enough, I will get through it sooner or later!
Finally, I would like to use the lessons of my blood and tears to remind all my friends who are still trapped in excessive consumption and relying on loans to support their loans. Spend money for a while and pay back the money with tears, and look back as soon as possible!
First of all, many people do not understand that they would rather beg for food than owe a loan. It's just a jerk to use a credit card to borrow money when you don't have money. Rich people have a lot of money behind them when they use credit cards, plus they earn points by swiping the card, and the points can be exchanged for gifts. For example: I need a mop at home, and I just don’t have to spend money to buy it. I can use points to exchange for one. Some people do it to save, while some people do it purely to consume.
Many people are in debt after using credit cards and online loans for a few years. This situation is indeed very common. Now more and more people are facing overdue collections on credit cards and online loans every day, especially overdue collections on online loans, which makes it impossible for people to live a normal life. Now the state is also focusing on rectifying online loan platforms and the phenomenon of violent collection of overdue online loans.
Moreover, according to statistics from the central bank, the amount of debt per capita has also increased significantly, and the phenomenon of excessive consumption has become more and more common.
To put it bluntly, those who end up in debt after using credit cards and online loans are basically people who don’t work hard enough. Especially for online loans, you should never take it unless you absolutely have to. Compared with the interest rates for bank loans, the interest rates for online loans are really much higher. Now the country is focusing on rectifying online loan platforms, and there are only a few reasonable and legal ones left. In the past, when online loan platforms were rampant, I don’t know how many people were cheated, including many college students, because they couldn’t afford the high interest rates. , unable to bear the violent collection, chose to end his young life.
As for credit cards, using credit cards actually requires skills. If you use a credit card well, you will be a card master, and if you use it poorly, you will be a card slave. Therefore, credit card usage skills are very important. Most people don’t know how to use credit cards, so most people become card slaves. People who have used it well can buy cars and houses with the working capital of credit cards, and there is no interest. There are actually a lot of activities by credit card issuers. People who are proficient in using credit cards can still make a lot of money from banks every year.
So as for credit cards, you can still apply for a few and use them within your own ability. You can also pay more attention to the activities of the card issuing bank, and you can also collect some wool. As for online loans, be sure not to touch them. Most people who owe online loans will only owe more and more, so it is the last word to work hard and land as soon as possible.
The calculation method of credit card adopts compound interest calculation, which is generally speaking the method of compound interest. If you choose the minimum repayment, then the remaining principal will be calculated repeatedly with interest. If you choose installment, then the installment handling fee will be calculated. It’s also interest. The interest cost of online loans is high and the term is short. The borrowers’ psychology is to meet temporary emergencies or to consume in advance and other factors, without planning for future finances, resulting in the inability to keep up with subsequent funds, which in turn leads to the dismantling of loans. The east wall is used to pay for the west wall, so that the financial loopholes are getting bigger and the debts are burdened. The most effective way is to stop borrowing new ones. Negotiate with the banks or lending institutions to repay the original debts in installments. In addition, you need to increase your income and reduce expenditures, and pay them back as soon as possible. clear.
Because they all want to lie down and think about how to get it. . You don’t know how to work hard!
Loan repayment
Because they use compound interest calculations, the interest is compounded and the interest is rolled down. It is really scary, just like a small Eggs can roll into a big snowball.
So don’t participate in online loans. You should still consume according to your own strength, otherwise you will fall into an abyss.
It’s all caused by interest compounding. Online loans are already very high, and credit interest rates are not low either. The interest rate of 0.05% per day is scary when it rolls up. Coupled with the influx of debt collectors, Exploded, debtors suffered terribly
The risks were not well controlled.