The first stage, the life-saving stage, is to use loans to support loans:

What to do if you don’t have money to pay back, borrow. This stage cannot be phased in, cannot be phased in, cannot be phased in. Installment will result in no capital flow, and it will explode if there is no new capital injection next month.

Example:

Your monthly income is 4,000:

The first loan is 2.4w, and the monthly repayment is 2,000.

The second loan is 2.4w, with a monthly repayment of 2,000.

The third loan, 1w., credit card, minimum 500. Interest 300.

The total debt owed is 5.8w.

You need to repay 4,500 every month, and the additional interest is 300. This will not be able to pay back, and without extra funds, it will explode.

Adjustment:

The first payment is 2.4w, 2,000 per month.

The second payment is 2.4w, one month, and the monthly interest is 600.

The third time, 10,000, credit card, full payment every month, and then pay it out, the interest is 60, don't ask why it is so low.

The total debt owed is 5.8w.

You need to repay 2,660 yuan every month.

The first step is almost here. The core is to ensure that the address book will not be overdue and will not be exposed. With a small amount of extra interest, it can be regarded as drinking poison to quench thirst.

The second stage, liability transfer:

After the first stage, it is temporarily safe and the credit is not overdue. We can apply for more credit cards to increase liquidity.

Still continuing the example from the first stage.

Assume that we have approved two credit cards worth 1.2 million at this stage (for the convenience of intuitive calculation)

We use 2 credit cards TX to settle the first balance in advance, This saves more than a year's interest.

Debt structure:

The first payment is 2.4w, one month, and the monthly interest is 600.

The second payment, 1.2w, credit card, paid off every month, with monthly interest of 70.

The third payment, 1.2w, credit card, paid off every month, monthly interest is 70.

The fourth payment, 1w, credit card, monthly repayment, monthly interest 60.

The total debt owed is 5.80,000 yuan, and the monthly repayment only requires 800 yuan in interest.

The salary is reduced by 800 from 4,000, and the excess will pay off the principal of the first payment.

At this point, the funds have entered a virtuous cycle, and it is basically over.

Online lending:

Online lending, the foreign name is Internet lending, p2p online lending is the abbreviation of Internet lending, including individual online lending and commercial online lending. P2P online lending refers to direct lending between individuals through the Internet platform. It is a subcategory within the Internet Finance (ITFIN) industry. The number of online lending platforms has grown rapidly in China in 2012. So far, there are about 350 active ones, and the total number as of the end of April 2015 was 3,054.

In September 2019, the Leading Group for the Special Rectification of Internet Financial Risks and the Leading Group for the Special Rectification of Online Loan Risks jointly issued the "Notice on Strengthening the Construction of the Credit Information System in the Field of P2P Online Lending" to support operating P2P Online lending institutions are connected to the credit reporting system.