What can a rural mother do to quickly pay off her 40,000 credit card?

Regarding credit card issues, let’s not talk about how to pay them off quickly.

First, let’s calculate how much the overdue amount will increase each month:

The first month’s interest is 625 yuan

The penalty for one month is 2,031 yuan

The total amount after one month is overdue is 42,655.9 yuan

Second, we all know that credit cards accrue interest with compound interest, so next month it will be Calculate monthly interest and liquidated damages starting from 42,655.9 yuan.

So the trend and speed of digital growth are very scary.

Let’s analyze it. You are from a rural area. You can go out to work to make money and pay off debts. However, you are still a mother, so the probability of going out to work may be low or the effect may not be very good!

Therefore, it is recommended that you confess it to your family and ask them to help you pay it off in one go. If the family cannot help, it is still recommended to restructure the debt and suspend interest payments in installments.

Install your credit card in installments first, and don’t keep repaying it. Otherwise, it will be easily reduced, and once the balance is reduced, it will easily become overdue. Try to increase your income and reduce your expenses every month. There are also many part-time jobs online. You can earn hundreds of dollars every month by doing tasks, watching videos and playing games.

Only 40,000

Let me teach you

Four hundred thousand is a bit troublesome

If there is not a penny in the card

Go borrow 2,000 yuan.

I went in today.

Take it out tomorrow.

I’ll go in the day after tomorrow.

It will come out the day after tomorrow.

Just repeat this cycle several times

and pay off the bill.

You need to know that what you pay is the bill