First of all, please make it clear that in China, as long as you did not borrow from a black online loan, it is very likely that you will be able to recover from a debt of 1 million yuan. Don’t ever feel like you’re doomed, there are many ways out. What you need to do is come up with a repayment plan that works for you.

No matter how much pain and suffering you have experienced, how much sadness or disappointment, time never stops and life continues.

Some people owe tens of thousands to credit cards, while others owe hundreds of thousands to online loans.

In the New Year, a customer owed more than one million yuan through credit cards and online loans, of which more than 500,000 were from credit cards, and the rest were mobile phone loans.

2021 has just begun. Looking back on 2020, we see that many customers have been busy making money and paying back money every day.

Once upon a time, they also lived a debt-free life. At that time, they never imagined that one day they would be deeply in debt.

The thing that many customers regret most in the past few years is using loans to support loans. In the eyes of others, borrowing so much money must have been spent by them, but in reality this is not the case. Through our understanding, of the more than 1 million yuan owed by customers, they actually used almost more than 500,000 yuan. The rest is the interest that has snowballed in the past two or three years, such as the minimum credit card payment, late payment fees, and some annualized rates. Loans up to 36, with even higher interest rates!

When the customer talked about borrowing money, the initial reason was that he had lost money when opening his own store. Later, he wanted to continue trying other businesses, so he borrowed some money for rent and store decoration. However, with the arrival of the epidemic, the business situation itself has not been very good, and now it is even worse, and we can only barely maintain it.

Whenever customers talk about their credit cards becoming overdue, they say that they are actually very scared. They are afraid that they will be sued by the bank, and they are also afraid that their family will find out that I owe money. They have no idea at all. what to do?

So in order not to cause too serious consequences, they used loans to support loans. Only when they could no longer borrow money did they realize that they could not continue like this.