Pitfalls of Repayment and How to End Repayment
One of the payment methods used to make a credit card payment Read http://sonic-revolution.net for a critique
Revoicing, which pays a fixed amount decided every month, is characterized in that the monthly payment amount does not change even if the amount of use increases .
You don’t wonder why the monthly payment is the same even though the amount you have to pay is increasing?
There is a hidden reason why the repayment is not complete.
If you continue to pay back without knowing why, you may fall into hell.
“I have been paying back for more than a year, but my balance has not decreased at all.”
“Ribo’s payment is high, but I can not stop it because I can not finish repayment.”
For those who are troubled like this, this time, we will introduce in an easy-to-understand manner, “What’s going on when you get stuck in ribo hell?” “What happens if you get into ribo hell?”
table of contents
- The person who is worried that the rib payment is not finished checks the payment method of the credit card!
- Balance slide method pays “principal (fixed amount) + fee” every month
- Example of balance slide method “Ribbon payment of Rakuten card”
- In the flat-rate method, the fee is included in the monthly payment
- Example of fixed amount method “Repayment of epos card”
- Balance slide method pays “principal (fixed amount) + fee” every month
- Introduce the reason why the payment on the revotion is not complete
- The balance slide method does not reduce the balance because the minimum repayment amount is low
- In the “flat-rate method,” the fees account for most of the payment and the balance does not decrease
- The biggest reason why the repayment is not complete is to keep paying the repayment
- Disadvantages when it becomes impossible to pay the repayment
- 4 Ways to End Early for Those Who Do Not Have Refunds
- 1. Advance repayment to reduce balance
- 2. Return at a stretch using a loan with a lower interest rate than the repayment
- 3. Decrease the balance at once with the bonus to end the repayment payment hell
- 4. Ask a professional (professional) to finish paying back
- Arbitrary arrangement that can end the repayment?
- [Conclusion] Because it is used without planning that the rib payment is not finished
The person who is worried that the rib payment is not finished checks the payment method of the credit card!
Revoicing is a credit card payment method that pays a fixed amount each month.
For example, if you make a contract to pay 5,000 yen a month with a ribo payment, even if you use 100,000 yen with a credit card payment, the monthly payment remains 5,000 yen even if you use 200,000 yen.
- You can buy what you want even with a small monthly income
- Household expenses can be managed with fixed monthly spending
- The annual fee is free if the card can only be paid back
- Depending on the card company, you can get many points of use
If you are shopping for repayments, do not you feel and use these benefits?
However, there is also a major disadvantage of paying “recharges and not reducing the important balance of use” for repayments .
When you made a credit card, did you know about payment methods, payment methods, fees, etc. before joining?
Some of you may be campaigning at a shop where you shop and some of you may have created a Kreka without thinking deeply about “Because there were a lot of benefits when joining.”
First of all, let’s check the contents of your credit card contract.
There are two points to check: the annual fee rate and the payment method .
It is general that the real annual rate is 15.0% .
※ Yahoo! JAPAN card is 18.0%
There are two main payment methods: balance slide method and fixed amount method .
You need to know the payment method correctly, as each payment method has different reasons why the repayment is not complete.
Balance slide method pays “principal (fixed amount) + fee” every month
First, let’s look at the balance slide method.
With balance slide method
Repayment amount = principal (monthly fixed amount) + reverse fee
A method in which the amount of payment (including commissions) monthly increases or decreases according to the predetermined rank of payment balance. The credit card company has determined the minimum repayment amount for the usage balance.
As shown in the figure above, if you use the balance slide method to pay back, you will pay “Primary payment + Refund fee”.
The repayment amount of the principal is a fixed amount every month, and if the payment balance is 100,000 yen, 5,000 yen a month, and if 200,000 yen a month, 6,000 yen a month and the amount of payment differs depending on the rank.
You can see that the balance slide method sets the monthly principal repayment amount lower than the payment balance.
Furthermore, since the rebate fee varies depending on the balance of payment, the repayment amount of principal will be the same but the fee amount will be different every month.
In other words, the monthly payment amount is different.
It is important to note that as the balance of use increases, both the monthly payment amount and the fee increase, and the payment amount also increases.
Since the total amount of the repayment amount of the principal plus the payback fee is paid each month, it is easy to understand how much the principal has been paid back, and it can also be said that it is recommended to those who are good at income and expenditure management.
Example of balance slide method “Ribbon payment of Rakuten card”
Rakuten credit card payment is a typical credit card that uses a balance slide system.
The following table is the payment amount setting of Rakuten card.
|Usage balance||Minimum payment amount|
|Up to 200,000 yen||3,000 yen|
|200,000 yen …||4,000 yen
※ We add 1,000 yen at a time every increase of balance 50,000 yen
※ ※) Rakuten card
At first glance it looks attractive because the monthly minimum payment is cheap, but keep in mind that you have to pay a minimum payment plus a fee.
Here are a few card companies that use the same payment method as Rakuten Card.
- d card
- Yahoo! Card
- Ion card
※ Monthly payment amount varies according to card company, amount of use
The person who pays the credit with these cards is the balance slide method.
If you want to finish the revival payment of Rakuten card early, please refer to the article of “Resolution of fear and revival payment of Rakuten card automatic ribo” .
In the flat-rate method, the fee is included in the monthly payment
Next, about the fixed amount revoicing.
With flat rate method
Repayment amount = monthly fixed amount (balance + revolving fee)
A method of paying a fixed amount every month regardless of the balance of payment. Even if the balance of payments increases, the monthly repayment amount will not change, but the payment period will be extended by that amount, and the fee will be charged for the extended period.
As you can see from the figure, there is no change in the monthly repayment amount as the amount of use increases.
It may seem like the burden is lighter than the balance slide method, as it is only necessary to pay the same amount every month, but instead the ratio of the rebate fee to the repayment amount increases as the balance of the payment increases.
The fee is determined by the balance, so if the balance increases, the fee will naturally also increase.
However, since the monthly repayment amount is a fixed amount, the repayment amount of the principal will decrease as the fee increases.
Also, it is hard to understand how much it returned, the disadvantage of the flat-rate method.
Because I repay the same amount every month, I do not know how much I repay the principal unless I check the breakdown of the repayment amount each time.
Check out the statement of use on a regular basis if you are paying by credit on a flat-rate basis.
Example of fixed amount method “Repayment of epos card”
One example of a credit card with a fixed amount of credit and a large number of users is the Epos Card .
Especially when shopping at Marui, you can receive various benefits, so many people use mainly young women?
There is a standard course and a long-term course for the Revos payment of Epos Card.
Monthly payment amount setting is as follows.
|Usage balance||Minimum payment amount|
|1 to 50,000 yen||3,000 yen|
|50,001 to 100,000 yen||5,000 yen|
|100,001-200,000 yen||10,000 yen|
|200,001-300,000 yen||15,000 yen|
|Usage balance||Minimum payment amount|
|1 to 30,000 yen||1,000 yen|
|30,001-50,000 yen||2,000 yen|
|50,001 to 100,000 yen||4,000 yen|
|100,001-200,000 yen||6,000 yen|
|200,001-300,000 yen||10,000 yen|
|300,001-400,000 yen||12,000 yen|
Besides, Jacks Sedina has adopted the fixed amount method.
Introduce the reason why the payment on the revotion is not complete
Did you know what kind of credit card your card has?
The person who is using it now and the person who is thinking to use it from now on should think like this at first.
“If you do not increase the amount of money you use now, if you repay the trick, it should end with a repayment.”
Certainly, repayment of repayment will end someday.
However, depending on the card company and payment system, it will take more than 4 years to repay 250,000 yen.
It is not a pity that I do not feel that rib payment is over.
Now let’s talk about the problems with the balance slide method and the fixed amount method, and the reasons why repayment is not complete.
The balance slide method does not reduce the balance because the minimum repayment amount is low
As we introduced earlier, the features of the balance slide method are the following two points.
- Monthly repayment pays principal (monthly fixed amount) + rebate fee
Because the fee is charged on the balance, the amount of monthly payment is different. As the balance decreases, the payment amount also decreases.
- The minimum repayment amount set is low
And the feature of “low minimum repayment amount” of the balance slide method is the cause of never ending the repayment.
Let’s look at Rakuten card as an example of what kind of problem is if the minimum repayment amount is low.
If you pay the balance of ¥ 250,000 with Rakuten card, the first payment will be calculated as follows.
Initial minimum payment amount 5,000 yen + Rebate fee 3,125 yen = Repayment amount 8,125 yen
If you continue to repay at the minimum repayment amount without additional usage, the number of repayments will be 50 times (4 years or more), and the fee alone will be 79,675 yen in total.
If you do not continue to pay for four years, the repayment will not end, so the repayment period will feel quite long.
※ ※) Rakuten card · shopping rib repayment simulation
The reason why the balance slide type ribo payment does not end
There is little repayment of principal to reduce the balance. As a result, the payment period becomes longer, and payment fees must continue to be paid.
In the “flat-rate method,” the fees account for most of the payment and the balance does not decrease
The feature of the fixed amount slide method is that the monthly payment amount is constant and does not change.
The monthly repayment amount (fixed amount) includes both principal repayment and repayment fees.
Now let’s compare the previous Rakuten card example with what it looks like in the case of the Epos card.
If you repay the balance of 250,000 yen in the long-term course of Epos Card, the minimum repayment amount for each month is 10,000 yen, of which 3,125 yen is the rebate fee, and the remaining 6,875 yen is the repayment of principal.
If you continue to repay without additional shopping as it is, the repayment will end after 31 repayments (2 years and 7 months), and the rebate fee will be 51,613 yen.
※ Epos Card official page, because simulation can not be calculated independently
Most of the monthly repayments are set higher than the balance slide method because the monthly payment includes the rebate fee.
Of course, if the monthly repayment amount is high, the balance will decrease quickly.
So even for the same 250,000 yen, a flat-rate epos card will pay off faster than a balance slide-type Rakuten card’s revoicing.
However, in the case of the flat-rate method, most of the payment amount at the beginning is the fee, so the usage balance does not decrease easily.
The scary part of the flat-rate method is to pay back the same amount every month, so it is difficult to see the breakdown.
People who are thinking, “Why are we paying 10,000 yen each month and why isn’t the end of the repayment?” Are not aware that the rebate fee accounts for most of the repayment amount.
The reason why fixed-price repayment is not complete
Since the monthly repayment amount includes the rebate fee, at the beginning only the fee is paid and the balance is not reduced easily. The payment period will be longer because the balance will not decrease. Since the same amount is deducted every month, it is difficult to see how much the principal has been repaid, and it is often noticed that it has not decreased much after confirmation.
The biggest reason why the repayment is not complete is to keep paying the repayment
Did you understand the problems with using the balance slide method and the fixed amount method for revoicing?
Whichever payment you make, if you can pay the tip without increasing the payment, you can end the payment someday.
However, once the credit card’s credit card payment is made, it seems that some people rely on it for its convenience.
- If there are other payments as well, the minimum payment amount for the repayment will be enough. It can not be overpaid and has been paying with ribo for a long time.
- Daily cash will not be enough, and you will immediately pay KEKA.
- Because there is a fixed amount of payment at the bank, it is impossible to pay even if there is a sudden expense.
- It is impossible to make a lump sum payment with the credit card, and all payments will be divided into installments or repayments.
What about you? Perhaps there is a possibility of having such a problem in the near future?
As credit card usage increases, you will rely on the credit card for all payments as long as your wallet is full.
If you can not make a lump sum payment, some people will use installments.
If it is difficult to pay for installments + rebates , it is possible that all payments will be rebates .
As long as there is balance, repayment of repayment will continue, so repayment of repayment does not finish easily with this.
Furthermore, if you make a full payment limit, the monthly repayment amount and fees will increase, and even in the worst case, you may not be able to repay even the partial payment.
What happens if you can not pay back the repayment? !
Disadvantages when it becomes impossible to pay the repayment
The payment method of a credit card is not bank debit in most cases.
If you can not debit a bank, there are various penalties and disadvantages in the following flow.
If you can not withdraw …
At first we stop the use of credit card which was not able to repay
If unpaid continues …
The card company registers delinquency information with the credit information agency if it is 61 days or more delinquent
Overdue information is shared with other financial institutions and card companies (blacklisted) and all cards can not be used
Credit information is information on credit and loan applications and contracts, and mainly refers to personal information, credit application contents and contract contents, payment status and balance, etc.
Credit card information is mainly information registered by credit card companies that belong to CIC. Credit information is registered with CIC and shared with all card companies.
If you are blacklisted, it is extremely likely that you will be unchecked in various contracts that need to be reviewed, not just using the clerk if you do not clear the arrears .
Before that happens, let’s end the repayment as soon as possible.
Next, I will introduce a method to get out of the endless pay-back hell .
4 Ways to End Early for Those Who Do Not Have Refunds
As I have already introduced, a payback is a payment method that keeps paying fees for a long period of time.
Even if you know that you are obviously losing, do you give up as long as you can pay?
Do you want to keep paying to the card company forever?
Let’s get out of the ribo hell before the day when you can’t pay it and it’s blacklisted!
There are four ways to get out of the reverse hell. Each one is the recommended method.
Please carefully consider whether you will continue to pay the rebate fee for many years as it is now, or whether it will end the repayment.
1. Advance repayment to reduce balance
Prepayment is a way to repay more than the monthly repayment.
In the case of ordinary payment, in addition to repayment of principal, fees are always paid.
However, since the early repayments are all used for principal repayment, the repayment will end earlier than usual .
There are three ways to advance repayment of repayments: “bank transfer,” “payment on remittance,” and “payment on ATM.”
If you want to repay separately from the monthly repayment, you must first contact the card company.
The method of contact varies depending on the card company, such as online application and telephone contact, so make sure to confirm the advance payment.
If you make early repayments when you can afford it, your balance will decrease quickly, and your balance on the balance will also decrease!
2. Return at a stretch using a loan with a lower interest rate than the repayment
If you can afford your income, you can make early repayments, but if you don’t you can repay by borrowing money with a low interest rate loan.
Refund payment fees are generally high interest rates of 15.0% per annum.
I compared the fee for repayment and the interest rate for borrowings from other financial institutions.
|Interest rate market|
|Bank card loan||About 14.0 to 14.5%|
|Free loan||Varies greatly with 2.0 to 15.0% depending on conditions|
If you compare it, you can see that there is a loan with a lower interest rate than the repayment.
Instead of continuing to pay high interest rates, one way would be to use a low interest rate loan to end the payment at once .
However, every loan needs to be reviewed.
If there is already a large amount of usage of Kreka, or if there are other borrowings, consider that it is difficult to go through the examination.
In addition, debt is debt even if it is said that interest rate is lower than the rebate fee.
It is often heard that borrowing from consumer credit etc. would be a disadvantage for mortgage screening.
Let’s make a choice with an eye on future life design.
3. Decrease the balance at once with the bonus to end the repayment payment hell
Some people can pay a bonus and get out of the endless ribo hell.
What should I use this bonus for? If you think of it, first of all, think about ending the rib.
You do not have to devote all of the bonus to repayment of the ribo.
You can see the end of the never ending ribophone payment just by reducing the balance a little, and reducing the payment of the rebate fee!
4. Ask a professional (professional) to finish paying back
Some people may think, “I have no cash on hand and have relied on revoicing, but I can not make advance payment or bonus payments!”
It is also uneasy to borrow money from other financial institutions and return it.
Even if you already have a loan balance that does not pass the loan review, it will be difficult to end the repayment.
There is a specialist who solves such problems.
If you consult with a specialist, you will be able to discuss with the card company and get rid of the rebate fee you are paying each month!
For example, in the case of the Rakuten card’s credit card payment (balance 250,000 yen), for example, the credit card fee of 79,675 yen is cut, and the monthly repayment amount is all used for the principal, so the repayment ends early.
If you have one card company, you may not feel the big effect, but the effect of interest cut should be large for those who are using multiple cards to repay.
This method of negotiating with a card company to cut interest is called ” arbitrary arrangement .”
Arbitrary arrangement that can end the repayment?
Voluntary consolidation is one of the ways of debt consolidation that aims to negotiate debt reduction.
Arbitrarily arranging the revoicing has the advantage of being able to cut the payment interest and of stopping the payment when it is left to an expert.
However, if it is arranged arbitrarily, it will be recorded as accident information by the credit information agency, so it must be considered that there are disadvantages of using a credit card and not being able to make a new loan contract or split purchase for 5 years .
On the other hand, it has already been difficult to pay and the benefits have been lost.
If you can not make payment without organizing your order, you may get into the following situation.
- I can not use Kureka all the time during arrears
- You can not make a loan or split contract during arrears
- Even if you are not overdue, access restrictions will be limited if payment is difficult
- Even if it is not overdue, other creditors are restricted by examination
Whether it should be organized arbitrarily or continue to pay, compare the merits and demerits, and take a method that you think is more advantageous!
If you would like to see how much your ribo balance will be if you put it in order, you should try a diagnosis for reduction!
Make a reduction diagnosis anonymously
If you want to know more, please consult a specialist directly.
If it is a voluntary arrangement consultation, the counsel legal office free of charge for consultation is recommended.
[Conclusion] Because it is used without planning that the rib payment is not finished
Why doesn’t rib payment end? I understood that there are the following reasons.
- The principal does not decrease easily
- If the minimum payment amount is low, the payment period will be very long and the payment fee will be high.
- It is difficult to understand how much it decreased to pay principal and repayment
- Since the flat-rate method has a high payment setting, if the usage amount increases, the payment will be borne
- I can not get enough cash with my usual payment, and I will settle all credit
- It will not be possible to make a one-time payment for the credit card payment all at once, and all will be paid back
All payments must be made systematically, not limited to repayments.
In particular, the amount of money spent on the revoicing increases without a knowledge of the use balance, and the amount of money spent on the repayment goes into an endless hell.
Those who are already in a difficult-to-pay situation, or who have concerns in the future, will be able to finish revival payments either by “early repayment”, “refining to a low interest rate loan”, “bonus payment” or “consult with an expert” without hesitation Let’s talk.