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My friend’s brother-in-law used credit card money to speculate in stocks and lost more than 200,000! What should I do if I don’t have money to pay off my credit card now?

Using credit card money to speculate in stocks is adding leverage to the funds, which is a very dangerous behavior.

But it’s too late to say that now. The first thing is to solve the problem of repaying credit cards. Let me give you a few suggestions of my own:

1. Credit card installment.

The number of periods can be selected as long-term, such as 12 periods. In this way, the amount of money you need to repay in each installment will be very small, and there will be less pressure on yourself.

2. Borrow it from relatives and friends.

Although it is a little embarrassing, if you explain the reason to your relatives and friends and agree on the repayment time and interest, they will more or less lend it to you for emergency purposes.

3. Find a part-time job.

There are many part-time jobs you can do now, and you can earn some money. Go to the part-time job app and look around, you should have them all. You can also work as a delivery rider or part-time driver.

4. Throttling.

The key to solving the problem is to increase revenue and reduce expenditure. Eliminate unnecessary expenses and reduce your quality of life in a short period of time in exchange for credit card repayments.

Also,

Never overdue your credit card,

the consequences will be serious. I won’t mention the seriousness of overdue here, but I wish you can land as soon as possible!