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Schredit Card is a unique and innovative credit card debt reduction concept designed to reduce your credit card debt FAST! 
By arranging your income to be paid directly into your credit card could save you up to 20% in interest until you need your funds.
Schredit card will change the way we use and repay credit cards worldwide!
Australia's credit card now exceeds $44 billion with only 1 in 4 people paying off their credit card debt each month.
HOW TO PAY OFF A $5,000 CREDIT CARD DEBT IN 90 DAYS..EVEN WHILE YOU ARE STILL USING IT!
Below is a simplistic example of how transferring your income direct into your credit card could work for you. We are assuming you have a total gross income of $45,000 pa which would equate to approx $2870 net per month, allowing for fortnightly pay structure of $1435. In this example we have even allowed for the consumer to continue to use their credit card for living expenses of $1,000 per month, which could be groceries etc. For more detailed info go to www.schreditcard.com
SCHREDIT CARD EXAMPLE
| Month 1 |
| CREDIT CARD BALANCE |
$5,000 DEBIT |
| FORTNIGHTLY PAY |
$1,435 |
| NEW BALANCE |
$3,565 |
| LIVING EXPENSES |
$1,000 |
| NEW BALANCE |
$4565 |
| FORTNIGHTLY PAY |
$1435 |
| NEW BALANCE |
$3130 DEBIT |
| Month 2 |
Credit card balance
carried forward |
$3130 plus interest $50 |
| CREDIT CARD BALANCE |
$3180 |
| FORTNIGHTLY PAY |
$1435 |
| NEW BALANCE |
$1745 |
| LIVING EXPENSE |
$1000 |
| NEW BALANCE |
$2745 |
| FORTNIGHTLY PAY |
$1435 |
| NEW BALANCE |
$1310 DEBIT |
| Month 3 |
Credit card balance
carried forward |
$1310 plus interest $20 |
|
| CREDIT CARD BALANCE |
$1330 |
|
| FORTNIGHTLY PAY |
$1435 |
|
| NEW BALANCE |
$105 Credit |
|
| LIVING EXPENSES |
$1000 |
|
| NEW BALANCE |
$895 Debit |
|
| FORTNIGHTLY PAY |
$1435 |
|
| NEW BALANCE |
$540 CREDIT |
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There are many variations of using the schredit card . It will depend on such factors as how often you continue to use your card during the schredit card process , how much income is available to use and how often you make repayments. See Schredit card calculator to assist your individual budget.
The schredit card once in the positive could attract interest by transferring YOUR CASH into a savings account or channel into your mortgage and setting up a SCHREDIT MORTGAGE and save THOUSANDS $ & YEARS OFF YOUR MORTGAGE. |