SAN FRANCISCO, California (The Adobo Chronicles, San Francisco Bureau) – Americans owe $1 trillion in credit card debt, The Hill reports.

“A typical American household now carries $10,000 in credit card debt, by one estimate, another record.  If that doesn’t sound like a lot of debt, try paying it off. At $250 per month, with 24 percent interest, you’ll be making payments until 2030, and you’ll spend a total of $20,318, twice what you owed. And that assumes you never use the card again,” the report said.

Enter GCash — the preferred mode of payment by Filipinos. It will soon launch in the U.S. to help Americans curb their addictive credit card spending habits.

A spokesperson for the company said that Americans can learn a lot from Filipinos. With GCash, Filipinos don’t owe any money. It is not a credit card. If you don’t have money in your GCash account, you can’t spend any.

“In the U.S., it will be renamed “GCrash” precisely to crash Americans’ rising credit card debt,” the spokesperson told The Adobo Chronicles.