How to pay off the mortgage backwards with a credit card? What should you pay attention to when repaying your mortgage?

Almost everyone among young people in this era has at least one credit card. Credit cards can cover daily expenses, and indeed solve the problem of insufficient monthly salary. But when it comes to repaying the mortgage, this is a bit of a mystery. A mortgage is a loan, and repaying a loan should be unreasonable. So, how do you pay off your mortgage with a credit card backwards?

Almost everyone among young people in this era has at least one credit card. Credit cards can cover daily expenses, and indeed solve the problem of insufficient monthly salary. But when it comes to repaying the mortgage, this is a bit of a mystery. A mortgage is a loan, and repaying a loan should be unreasonable. So, how do you pay off your mortgage with a credit card backwards? What should you pay attention to when paying off your mortgage?

How to pay off the mortgage backwards with a credit card?

1. Credit cards cannot be used as a mortgage repayment account. That is to say, credit cards cannot be used to repay through consumption, and they cannot enjoy the credit card's interest-free period of up to fifty days. Expect.

2. Therefore, the so-called using a credit card to repay the mortgage loan is actually withdrawing cash from the credit card to repay the mortgage loan. Once a credit card uses the cash withdrawal service, it is the beginning of the cardholder's interest "trap": various banks charge a handling fee ranging from 0.5% to 1% for domestic cash withdrawals. In addition to the handling fee, the cardholder must pay There is also interest, calculated based on the daily interest rate of 5% and the annual interest rate of 18%. It is equivalent to borrowing another loan in addition to the mortgage.

3. Regarding whether misappropriating credit cards to pay off mortgages is considered illegal cashing out, some people in the industry said that this can only be said to be taking advantage of a legal loophole. However, the person also said that according to relevant legal provisions, malicious overdraft of more than 5,000 yuan can be sentenced to 3 years in prison.

What should you pay attention to when repaying your mortgage?

1. You need to contact the bank to adjust the repayment amount. Since it is the amount agreed between the home buyer and the bank, the monthly payment will not be reduced as the central bank cuts interest rates. Therefore, the home buyer needs to agree with the lending bank again to adjust the monthly payment amount according to the new interest rate starting from the first repayment date in 2016. Otherwise, the bank will still calculate the monthly payment amount according to the original amount, so it will not be possible to enjoy the interest rate reduction in the short term. actual benefits.

Commercial loans with equal principal and interest are suitable for home buyers with stable income. In most cases, the mortgage will be equal principal and interest, because for those buyers who know little about home buying or even home loan, all they need to know is just one How much is the fixed monthly payment? Equal principal and interest means that you have a fixed amount of money to repay every month. Although the overall interest will increase, it makes it easier for the borrower to arrange income and expenditure, and saves a lot of trouble.

2. The January monthly payment of equal principal and interest may increase. For commercial loans, due to different loan banks and repayment methods, changes in the monthly payment in January 2016 will also be different. Under the equal principal and interest repayment method, most banks will increase the monthly payment slightly in January. Specifically, while interest is decreasing, the adjusted principal paid has increased. This situation will change in February, that is, the monthly payment in February will decrease, and the monthly payment for the whole year will be based on February.

Equal-amount principal is suitable for home buyers who have relatively ample funds on hand. Because the principal of the mortgage loan is the same from beginning to end, the only difference is that the interest changes from more to less, so the monthly repayment The amount will decrease each month as time goes by. For home buyers who are in a hurry to buy a house and renovate it, the initial repayment pressure is too high and it is not a suitable choice. However, if you have ample funds on hand, it would be more cost-effective to choose equal amounts of principal and less interest.

3. It is not recommended to repay equal principal amounts in advance. Under the repayment method of equal principal amounts, the borrower's interest this month will decrease slightly, and the overall monthly payment will be lower than last year. Depending on the bank, the monthly payment in January will decrease or increase. Since repayments are based on equal amounts of principal, the first thing buyers pay back is mainly interest. When the central bank is currently in the interest rate cut channel, bank loan interest rates have dropped, resulting in a relatively reduced interest repayment at this time. Therefore, in January 2016, house buyers There is no need to rush to repay the loan early.

The above is what I mainly tell you about how to repay a mortgage with a credit card backwards, and what you need to pay attention to when repaying a mortgage. Now we know that everyone’s life is relatively stressful, and most young people are burdened with it. Mortgage move forward.

But if we use credit cards to pay off the mortgage backwards, it will only increase our pressure, so everyone should think twice before doing so.

Use three credit cards to repay the monthly house payment. How to do it!

The method of using three credit cards in a cycle is as follows:

1. It is best to stagger the repayment dates of these three credit cards. For example, the repayment date of credit card A is set to the 1st of each month, the repayment date of credit card B is set to the 15th of each month, and the repayment date of credit card C is set to the 30th of each month.

2. When credit card A needs to repay 1,000 yuan on the 1st, the cardholder can use credit card B to withdraw 1,000 yuan in cash to repay credit card A. On the 15th, Credit Card B needs to repay the cash withdrawal amount of 1,000 yuan, plus interest of 7.5 yuan (assuming that the credit card has no credit card cash withdrawal fees). The cardholder can use C credit card to withdraw 1,007.5 yuan in cash to repay B credit card, thus repaying each other through several credit cards. Cardholders can ensure that there are no debts on several credit cards without using their own funds, without affecting the revolving credit.

3. Even if you use a credit card, you can enjoy the longest interest-free period if you start consumption on the second day of the statement date. However, when you have too many credit cards, it’s easy to get your billing dates confused. Therefore, in addition to having a reasonable grasp of the consumption limit of each card, you should also make a detailed list. Not only should you keep a clear diary of the bills of each card, but also list the repayment dates item by item to avoid being fined by the bank for delaying repayment. interest.

Notes on mortgage loans:

1. Timely repayment of mortgage loans

The principle of good faith is the emperor's clause in civil activities, and it is also a clause that we must abide by when performing contracts. . As parties to the mortgage contract, it is our obligation to repay in full and in a timely manner in accordance with the conditions stipulated in the contract. Now the country has implemented an inter-bank credit system. If you fail to repay the loan in time, you will be blacklisted by the bank's credit system, which will affect your handling of other business with the bank in the future, so each of us must repay the loan in time according to the provisions of the contract.

2. Choose the repayment method carefully

Generally, the mortgage loan contract is a standard clause contract. There are generally two repayment methods. One is the equal principal and interest repayment method. , this method is to repay the same amount of loan (including principal and interest) every month during the repayment period. In this way, since the monthly repayment amount is fixed, the household income expenditure can be controlled in a planned way, and it is also convenient for everyone. Families determine their ability to repay loans based on their income. The other is the equal principal repayment method: the principal is repaid in equal installments every month, and then the interest is calculated based on the remaining principal. Therefore, because the principal is larger in the early stage, more interest will be paid, so that the repayment amount is higher in the early stage. The benefit of this method is that the interest expense is reduced due to the larger repayment in the early stage, and it is more suitable for families with strong repayment ability. When signing a loan contract, you can choose a repayment method based on your actual situation to avoid defaults.

3. Reasonable use of the housing provident fund

The housing provident fund is a long-term housing savings deposited by the unit and its employees. It is an important tool for the monetization, socialization and legalization of housing allocation. form. The housing provident fund system is an important housing social security system stipulated by national law and is mandatory, mutually supportive, and protective. Units and individual employees must fulfill their obligations to pay housing provident funds in accordance with the law. One advantage of the housing provident fund is that it has lower interest rates than loans from commercial banks. If your employer pays you the housing provident fund, you can use the housing provident fund loan to repay your mortgage. This will not only reduce your monthly loan repayment pressure, but also be the same as that of commercial banks. Compared with the total loan repayment of housing loans, the total expenditure of housing provident fund loans is less than the total amount of commercial bank loans.

4. Reasonably determine the loan period

Mortgage loan contracts generally have clauses about early repayment. Early repayment must be approved by the bank, because early repayment of the loan will cause long-term damage to the bank. impact on earnings. In real life, banks usually charge liquidated damages for early repayment. Of course, the policies of each bank will be different. Therefore, when signing a mortgage contract, home buyers should choose a reasonable loan period based on their actual situation to avoid early repayment. Repaying the loan will cause unnecessary losses to yourself.

I want to know how you, who bought a house with a credit card, paid off your credit card and mortgage in the end?

It was too difficult at the beginning. I didn’t dare to rest every day. I’ll see if I can give you some advice on my own.

When I first started buying a house, my parents gave me some money and I saved some. , I invested more than 200,000 yuan and bought a house and a car. I don’t know what to think. At that time, it was only about 5,000 yuan a month, but the repayment cost more than 7,000 yuan a month. There were also car consumables, which I had to pay for myself. The handling fee for a credit card is about 2,000 per month, and I can't make it through less than 13,000 per month.

During that time, I was a bit inflated. I made more than 10,000 a month, and it was like this for several months! The original idea was to run Didi or something like that, but in the end it never came to fruition. After buying the RV, that platform will no longer work. There is nothing you can do. You can’t sell it. If you sell it, you will just sit still and lose 300,000 a year. The depreciation of the car and the property tax are too high!

1: I heard from a friend that the commission for selling a house is quite high, especially for second-hand houses. If you don’t need a basic salary, you can get 70% commission, so I went to register for a second-hand house without asking for a basic salary or accepting management. I handled all the formalities, received the transaction, and negotiated 80% of the commission. It was also a windfall for them, and I could give them the icing on the cake.

2: Whenever I have time, I look for customers online. There are platforms like 58 and Tieba, and there are people nearby to chat with. You can also chat with people around you on the bus and subway. I could always buy several units a month, and it was not too difficult to earn around 10,000 yuan. Later, I cooperated with Xinhuang, and I could get more than 10,000 yuan for each unit, and I could sell it anywhere. Gradually I accumulated more, and clients began to introduce clients, because my basic salary was relatively stable, and when I sold houses, I paid 3,000 or 5,000 for each house to the introducer. On good days, I could get 30,000 to 50,000.

3: Insurance companies can also be named, decoration companies can also cooperate, and furniture stores can also cooperate. They usually sell other products to customers, invest and manage money, and do market comparisons in stages. Hot things, sleeping pillows, sleeping candies, and products that help you rest. Nowadays, there is a lot of pressure and everyone is not sleeping well.

I paid off my debts and car loan in just over a year, and joined the real estate sales industry again to build a new house. Nowadays, with a small management team, the base salary is much higher, customers can always be served, and they can make money. However, the market has been relatively poor in the past two years. You can try e-commerce, resource grafting, etc., and create a necessities similar to a small public account platform in your own circle. Taobao, Pinduoduo, and JD.com are all authorized now, and you can directly bring in what you want. , the official account is also given by the system. It costs no money, and there is no need to stock up on goods. Commissions are collected directly, which is similar to Taobao customers in the past! I can still make money from this, but I don’t know how long it will last.

If you don’t push yourself, you don’t know how good you are.

Hope this helps you! Come on

The following answers are not absolute, and they may not apply to everyone. They are just personal practices. If you don’t like it, don’t criticize!

In 2016, I was in my third year of college and interning in Shenzhen. My parents called me back and said they would buy me a suite and put it in my name! At that time, I made a down payment of 500,000 yuan, and took out a loan of 1.08 million yuan, with installments over 20 years, and the monthly repayment was 7,000 yuan!

At that time, I only had an internship for 4 months, and my after-tax salary was more than 6,000 per month. I couldn’t afford to pay it back. My parents put money on my card and paid it back for me!

Later I started working, and although I had some savings, I didn’t have to pay back a penny of the mortgage in order to fall in love. It all depended on my parents!

At that time, I applied for 6 credit cards in 2018, including Ping An, China Merchants, Pudong Development Bank, Xingye, Minsheng, and CITIC. I had a total credit limit of 210,000, and each card generally had a credit limit of more than 3. Ten thousand!

Why can I, a college graduate who has just entered the society, apply for such a high-value credit card? Ultimately, it’s because I have a mortgage and the monthly payment is relatively large!

Later, I had real consumption on these 6 cards, as well as organic support cards, and the limit increased from 210,000 to the current limit of 460,000, and two of them have reached 100,000!

But I didn’t use the money to pay off the mortgage, because my parents are both in business and don’t have to pay wages like office workers, so they are still here!

It was 2019 when I really started to repay the loan. I made an appointment to partially repay the loan and worked with my family to pay back 450,000 yuan. Because of the 7,000 yuan mortgage, more than half of the initial payment was interest, which was really too much to bear!

After paying off 450,000 yuan, the monthly payment became 3,800 yuan. I felt much less stressed, but the loopholes in the credit card were getting bigger and bigger. At this time, I started to officially pay off my mortgage. Thank you very much. My parents help me so much!

In the days to come, I can only work hard to repay it. I work in an insurance company in the morning, go home to help with business in the afternoon, chat with clients and talk about business in the evening, and sit on the Internet when I get home.

The various software categories on mobile phones are all designed to fill the vacancies of credit cards!

Later, in October 2019, I got married, which was another big expense. I bought three gold items, furniture, a wedding, a hotel, etc. After deducting the money collected, I still owed 80,000 yuan. Multiple credit cards.

In those days, while paying for the mortgage, raising a family, and filling in credit cards, I was really depressed. I often proposed to my parents to sell a small apartment they had invested in the city, but things didn’t go as planned!

Later, in February of the epidemic, I scraped together some more money, added 200,000 yuan to my credit card and paid off the mortgage. Now I have more than 300,000 yuan in principal left, and the monthly payment is now 2,294 yuan!

Although looking back on this journey, it has been very difficult. While constantly cashing out to cover the mortgage, I have to work hard to make money. Anyway, dead wages will definitely not be enough to satisfy the current situation, because relying on selling one’s physical strength There is an upper limit on the amount of time and work you can do, so you can only choose the sales industry where there is no upper limit on income!

When you actually start doing it, you will find that the process is painful, but the scenery after getting through it is beautiful!

First of all, I want to answer the question. First of all, you can only pour out the money from the credit card unless you have a credit card. Buying a house with a credit card is a false proposition. If you are still unable to pay off your credit card, I would like to tell you a few points. First of all, you must have a stable job and take your time step by step. If you can apply for a few more credit cards, don’t have too low a limit. Don’t have a low limit in one batch. Just cancel it. The limit will be increased once every 3 to 6 months, and your credit card limit will be increased in the future. Applying for a credit card is mostly to allow you to tide over the difficulties and slowly return to normal life. The money in the credit card is life-saving money, and should not be used unless it is absolutely necessary, except for occasional daily consumption.

Credit card bills can be paid in installments or not. Unless there is a period of water shortage in certain banks, you can withdraw a fixed amount when applying for installment bills. Or small installments, don’t believe the news that you can 100% increase your limit by applying for a large credit card or bill installment.

You can apply for your first credit card when you are 18 years old, and you are forced to cancel your credit card when you are 65 years old. Generally speaking, you cannot apply for a credit card when you are 60 years old, but you can apply for the validity period of the card, or apply for a replacement credit card when you are 59 years old. This period is 47 years. You can use the money in the credit card for 47 years, and of course you have to pay it back. And plan your assets reasonably.

How old are you? How many years have you borrowed the money? Calculate how long it will take to pay it off. Can a credit card help you solve some financial difficulties? In the end, don’t become a card slave. This is My advice to you.

The compound interest of time, think about how to make money, how to make money, reasonable planning of your career, how to make your income more and more, so that you will not worry about credit cards and mortgages. .

I hope you can get through this difficulty soon and I hope I can help you.

First of all, it is not recommended to use a credit card to buy a house, because you will face repayments on both sides, and your income is not high, so you can easily get yourself into trouble. If you don’t pay by then, the bank will collect the house, and the money will be gone. The house is gone. Let me remind you first, when your card is about to be depleted, never take an online loan. Taking an online loan is basically saying goodbye to the bank.

First, apply for a renovation loan or credit card to extend the repayment period.

Second, increase your income. At the same time, lend the excess money to invest and create passive income. But you have to control risks and make sure you are safe.

I won’t say what is the safest, best value-preserver, and profitable. You can think about it yourself, otherwise it will be a bit suspicious of recommendation.< /p>

My brother used a credit card as the down payment when buying a house. He paid 20,000 a month for one year, and then paid the mortgage and credit card for 7,000. Now he has survived

The big guy who bought a house with a credit card Most are proficient in finance and use financial leverage to achieve wealth growth. There are generally the following points when using credit cards to buy a house:

1. Basically, there are more than five credit cards in your name, with a credit limit of no less than 80,000.

2. When buying a house, call back and choose a house that is lower than the market price.

3. Will evaluate the overall cost-effectiveness of purchasing a house.

4. After purchasing, use your rent and salary to pay the monthly payment, and eliminate your daily expenses. If you are really stressed, use your credit card to repay the monthly payment. It can last for about one to two years, no problem. If during this period, your The overall income has not increased yet, so the next best option is to sell the house for cash. The increase in the value of the house in the past two years will be his income, thus achieving an increase in wealth!

This was done more often 15 years ago. At that time, housing prices were generally not high, and it was possible to achieve high ratings and high loans with basically a small down payment. With housing prices soaring in the current market, it is almost impossible to buy a house solely by using a credit card. Please leave it if you are satisfied with the answer

I would like to know how you, who used your credit card to buy a house, paid off your credit card and mortgage in the end?

This kind of operation was quite common in the past few years, but in recent decades, the relevant departments have suppressed this kind of thing very hard, so it is basically unrealistic to buy a house with a credit card in the current market. ;

So as for the fact that they used credit cards to buy a house before, how do they pay off the credit cards and mortgage? Let me tell you:

1. The most common situation was in the first three to five years, when housing prices were at their lowest. Imagine buying a house in a school district worth more than 10,000 yuan at that time. Now it’s more than 50,000, you ask me how to repay this loan?

2. Of course, there are also cases of overdue credit reports caused by this kind of operation. This kind of operation is a bit like pulling a big cart, and many people can't bear it. After all, such a large amount of money is spent.

Conclusion:

Finally, to summarize, this kind of operation is no longer possible, so when you buy, don’t think about this kind of illegal situation. Pay the down payment now. It is illegal to take out a loan, and it will be found out that you currently have a down payment loan, so you cannot use it for a home loan.

When I deposited 10,000 yuan in Xi'an, I used a credit card to buy a house and a car in 16 years. I got married and my family never paid a penny.

Nowadays, credit cards are no longer allowed. Bank Card

I spent 80,000 on my credit card to buy a house. Just work hard to make money. But last year was super stressful. It is not recommended to follow my example

I am burdened with mortgage, car loan, online loan, credit card and other debts. How should I resolve them?

In this wave of new coronavirus, both individuals and businesses have been affected to varying degrees. Now many people’s cash reserves have basically been used up, so everyone is under greater pressure. , especially for those who have housing loans, car loans, online loans, credit card overdrafts, they will be under greater pressure.

For these people who have a lot of debt, what will happen to them? I think it depends on the specific situation of different people. Faced with huge debts, the measures that everyone can take are nothing more than: The following situations.

1. Apply to the bank for deferred repayment.

This is a critical time for the prevention and control of the new coronavirus. According to the relevant document requirements issued by the Central Bank and the China Banking and Insurance Regulatory Commission, during the pneumonia epidemic, banks must take special measures during special periods. First of all, medical staff, personnel involved in epidemic prevention and control, as well as users diagnosed with confirmed or suspected cases of the new coronavirus and their families can defer repayment. Delayed repayment is not considered overdue and will not incur penalty interest. , and will not affect personal credit.

Of course, although many banks currently do not have a policy of deferring repayment for normal users, in the current special period of the pneumonia epidemic, if you are indeed affected by some objective factors of the pneumonia epidemic, such as road closures and village closures, If the company cannot resume work normally and has no source of income due to other reasons, the relevant department or company can issue a certificate and then apply to the bank for a deferral of repayment. I believe that during this critical period, most banks will agree to defer repayment.

2. Borrow money to repay debts through other channels.

If your application to the bank for an extension is not approved, I believe many people will borrow money from other channels to repay their debts. There are many ways to borrow money at present. As long as you have relatively good credit, you can basically borrow money. For example, credit card overdrafts, online loans like Jiebei, or borrowing money directly from relatives and friends can take a month or two.

3. Passively overdue for one or two months, and then work hard to make money to repay.

If the due debts cannot be solved through the above two methods, I believe that many people will be unable to do anything, so the overdue debts can only be caused by the debts. But you don’t have to worry too much about overdue debts. After the company resumes work, you must find ways to make more money and pay off the debts in time.

Although being overdue will incur penalty interest and liquidated damages and affect your credit, if you are only overdue for one or two months, it is not very serious overall, as long as you can repay these debts in time. It won't have much impact.

If a person wants to live a calm life, he must master the basic economic value theory and be responsible for his own actions. Otherwise, not only will you not be able to obtain a stable and reliable income, but you will also be in debt, and even lose money as a result. Affect your own credit report.

So I think that if you want to avoid the situation in the question, avoid being dragged down by debt, and live a more calm and contented life, you must remember the following basic rules.

The first is to seek a stable source of income, the second is to live within one's means, the third is to make emergency reserves in peacetime, the fourth is to avoid over-consumption, the fifth is to avoid over-investment, the sixth is to overcome vanity, and the seventh is to maintain own credit.

If you can persist in doing the above, I think you will not be burdened with heavy debts, and you will not be exhausted due to the epidemic. This is my personal experience.

When you have online loans, credit cards, mortgage loans, car loans, etc., how do you solve them?

It is very common for many people to be in debt. While the era of credit consumption has brought us great convenience, debt has gradually become a social norm. But debt is not terrible, but if you don’t realize how to deal with the various pressures in life caused by debt, there will be many phone calls from debt collectors, door-to-door debt collection, or using loans to finance loans, etc.

First of all, you can manage online loans, credit cards, mortgage loans, car loans and many other debt lists, prioritize them and treat them separately.

By listing your debt items on the debt sheet, you can use tables to manage them. You can see at a glance how much debt you have, which one should be paid off first, and which one should be paid off later. Then you can prioritize and do the urgent things first. First, the important ones, then do the light and secondary ones, so that the work will be orderly.

The fundamental reason for high debt pressure is to repay the debt as soon as possible, so we can increase savings from two aspects; one is to increase income by increasing income, and the other is to reduce expenditure and save money.

1. Increase income

The way to increase income is to have a side job. For example, running an online store has a relatively low starting threshold and less time for a small account. It only takes a little time to take care of the store. In addition, there are some offline tasks, such as Didi drivers and takeout delivery people. The benefits of these two are realized relatively quickly.

2. Save expenses

When you are under heavy debt pressure, you need to adjust your living standards. You will not consume unnecessary expenses, and you can use replacement items for urgent needs. Basically It is enough to meet the daily basic necessities of life, food, clothing, housing and transportation, and for everything else, the consumption level can be appropriately reduced.

To sum up, in the face of various debts, we must first manage the debt list, prioritize and treat them differently, and finally, we must increase revenue and reduce expenditure, so that the debts will slowly be resolved. If you have any different opinions, please leave a message in the comment area, and I wish everyone can come ashore soon.

With the popularity of credit card consumption and the enrichment of online consumer loan channels, more and more overdraft consumer products have appeared one after another, and we have also entered the era of credit consumption; this has greatly facilitated our living consumption, but at the same time, debt has gradually become a norm. When we have multiple debts such as online loans, credit cards, car loans, and home loans, how should we deal with them?

1. Sort out the context

Each liability has a repayment period. If there are many types of liabilities, it is easy to become overdue, incur overdue expenses, and increase repayment pressure. Therefore, we first All you need to do is sort out your debts and come up with a repayment plan.

Things have priorities, so we can divide them according to the emergency situation of repayment. Generally speaking, the repayment of housing loans and car loans is determined by the monthly payment, and the amount is relatively large. In this category, we can first Write it down, there is no way to adjust it; secondly, for online loan platforms, the loan interest rates of online loans are generally relatively high, so do not overdue online loans, and current online loans are also included in personal credit assessment , so you must pay attention to the period when repaying online loans. If you cannot repay the monthly payment, follow the principle of repaying as much as you can. If it is overdue, you must communicate with the platform in time. Large amounts and long-term loans After the due date, we will communicate whether we can carry out the plan of suspending interest and principal guarantee for repayment.

Credit cards have relatively high repayment flexibility. You can make minimum repayments to extend the repayment period. However, the minimum repayments no longer enjoy the credit card's interest-free period, and interest on the unpaid portion needs to be calculated based on the daily interest rate. It is relatively uneconomical to pay it to the bank. If it is for a long time, it is recommended to repay it in installments.

2. Increase revenue and reduce expenditure

The fundamental reason for high debt pressure is to repay as soon as possible, so we can increase savings from two aspects; one is to increase revenue and increase income, and the other is Save money and save money.

1. Increase income

The way to increase income is to have a side job. For example, running an online store has a relatively low starting threshold and less time for a small account. It only takes a little time to take care of the store. In addition, there are some offline tasks, such as Didi drivers and takeout delivery people. The benefits of these two are realized relatively quickly.

2. Save expenses

When you are under heavy debt pressure, you need to adjust your living standards. You will not consume unnecessary expenses, and you can use replacement items for urgent needs. Basically It is enough to meet the daily basic necessities of life, food, clothing, housing and transportation, and for everything else, the consumption level can be appropriately reduced.

To sum up, we have now entered the era of overdraft. Debt is not terrible. On the contrary, it has gradually become a common state. Therefore, we need to ensure our mentality, increase revenue and reduce expenditure, and strive to go ashore as soon as possible.

As long as you can afford the interest and have monthly income, let the rest take its course.

How can my wife manage the money when my husband has to pay off credit cards, mortgages, and car loans from his salary?

Actually, I think if your husband’s salary also has to pay off credit cards, house loans, and car loans, then as a wife, you should not be in charge of your husband’s money. After all, your husband’s salary has already been paid. As for Fang’s family’s loan, there should be very little left, so it would be better for the husband to take care of it himself.

This concludes the introduction to the procedures for repaying both a credit card and a mortgage and how to repay a credit card and a mortgage. Have you found the information you need?