# How Many People Are Like This?

You borrowed 100,000 yuan from JD Finance, split into 12 installments at an 18% annual interest rate, with a monthly payment of 9,800 yuan.

In the second month, you lost your source of income, so you opened the Meituan app and borrowed 9,800 yuan to pay back JD Finance. You split it into a one-year term with monthly payments of over 1,000 yuan. At this point, your monthly payment has already increased to 11,000 yuan.

In the third month, you clicked on 360 again and borrowed 11,000 yuan to pay back the previous two institutions. Just three months in, your debt has ballooned from around 100,000 yuan to over 120,000 yuan.

If you dare to continue this for another three months, you'd be at 180,000 yuan.

If you keep rolling over like this for half a year, you could potentially lose half your house through debt restructuring.