The phrase “100 coin” is a bit of a mouthful, but for those of you who want to learn more about the history behind the phrase, I highly recommend you check out this post on Wikipedia. The phrase originates from the time when people were beginning to rely on credit cards for all of their purchases.
Although its origins are a little more complicated than just a monetary problem, 100 coin is a problem of monetary inflation. To be more specific, it’s where you suddenly start paying more than you used to for things that you still pay less than you used to. It’s a problem that can impact your credit score if you’ve got a very high-paying job and you suddenly start spending more money than you normally would.
The problem with credit card debt is that you can only be sure you have a relatively good credit score if youve got a very good credit score. The problem with 100 coin is that its a very real possibility that you could spend more money than you normally would. Although you can argue that credit card debt is a problem of individual circumstances and not a problem of inflation, you cannot claim that its a problem of inflation.
It’s a problem of inflation because you can only be sure that you’ve got a good credit score if your debts are in arrears. As long as you have a few credit card debts, you cannot be sure that you have a good credit score because you cant be sure that they are in arrears.
So how much is 100 coin? It is a pretty large sum of money as many of us know. For the average person, it would be a couple thousand dollars. For more sophisticated individuals, it could be several thousand dollars, and for the more savvy, it could be close to a million dollars.
The way I see it, the average person can use 100 coin to pay off the interest on their credit card debt. But if you have a good credit score, then it makes more sense that you can use 100 coin to pay off your other debts.
