More and more young people are swiping credit cards, but they don’t know that this can easily lead to uncontrolled consumption and eventually owe a large amount of debt. According to relevant data analysis, 90-year-old young people Being in a debt situation. Some people only have a monthly salary of 10,000, but they owe 200,000 on their credit cards. How many years will it take to pay off such a situation? Although I have a monthly salary of 10,000, I still owe 200,000, which is not a small amount of money. I usually need to eat and drink, as well as various daily expenses. After deducting these, the monthly salary of 10,000 does not leave much money, so How long does it take to pay off? Let's do the math.
Recurring credit card repayments
Based on the credit card limit of 50,000, if you owe 200,000 on the credit card, you will have four or five credit cards on hand. If you use multiple credit cards, In the case of credit cards, you can pay off one of the credit cards by cashing out other credit cards. This allows you to cash out cyclically and avoid additional interest and late payment fees. In addition, you can also pay off part of the debt with your monthly salary. In this way, 2-3 It will be paid off in a year.
Credit Card Installment
The credit card debt is 200,000, which means that there is no way to pay off such a large debt in a short period of time, and the most cost-effective thing at this time is to apply for a credit card Installment, under normal circumstances, credit card installment can be divided into up to 24 installments. Repay these debts through installments, which can reduce some pressure. For installment payment, you can pay a certain amount of interest to the bank every month, but if There is no installment method, and if you keep delaying repayment on time, the bank will also need to calculate interest on a daily basis. The longer you delay, the higher the interest will be, which is not cost-effective.
Mortgage repayment
If you own a house or car, you can go to the bank and mortgage the house or car to the bank, so that you can get a fee from the bank, and then Pay off the credit card debt of 200,000, and then slowly pay off the bank mortgage every month, so that it will be paid off slowly in almost two or three years.
In fact, it is not difficult to pay off the 200,000 yuan in debt. After all, the monthly salary is also 10,000 yuan. I usually save a little and save those unnecessary expenses. After 2 to 3 years of hard work, it is very difficult. It is easy to pay off the debt.