Efficient debt-clearing system and method

[0053]Mr. A is a newly hired businessman who spends normally and has no expensive indulgence. Mr. A has a monthly income of NT$36,000 and has a balance of about NT$10,000 dollars after deducting his rent, utility bills, living expenses, etc. However, Mr. A had been careless in his spending while he was a student. He used his cash card and credit card to buy a motorcycle, mobile phones, video games and name brand items, and spent up to over NT$40,000. Although Mr. A worked hard part-time to pay his debts while he was a student, he still had a debt of NT$300,000 dollars when he graduated. Although Mr. A had a stable salary income later, it was still hard for him to pay off the debt in a single payment because he had no savings. Under the pressure of re-payment from the shark-like credit card bank and a high compound credit card interest rate of 19.71%, Mr. A could not but become a slave to his debt, despite his stable income and willingness to pay the debt.

[0054]Later, Mr. A heard about

[0066]Three years later, Mr. B, a classmate of Mr. A in high school, had completed military service. Mr. B has a master's degree and moved to the city from his hometown to look for a job. After many job interviews at different companies, Mr. B finally found a job in a big trading company in a month or two. Mr. B had a salary of NT$45,000. Although the inflation was persistently rising, it was still a good beginning salary for an inexperienced person like him in the profession. Mr. B rented a house close to his company and used his credit card to borrow NT$250,000 to buy some simple furnishings, furniture, and necessary household appliances.

[0067]Although Mr. B had started working and had a stable income, he didn't have sufficient savings to clear all the debt in a single payment. After collecting and gathering as much funds as possible to pay back the credit card bank, he still owed the bank NT$200,000. Thus, the credit card bank bloodlessly forced Mr. B to carry an unreasonable amorti