Does anyone want to help me pay off my credit card? Can you believe it? Currently, many platforms provide credit card repayment services. Are these reliable?

What is the compensation for credit card balances?

To put it simply, it means borrowing money from a credit card balance agency, paying off the credit card bill in one go, and then paying it back to the credit card agency in installments.

At present, there are many institutions on the market that specialize in credit card balance compensation, such as Save Free Pay, Lakala Repay for You, Xiaoying Card Loan, 51 Credit Card, Ka Niu, etc., which can be seen everywhere in advertisements.

There are many families in China who recycle credit cards. The rise of reimbursement has become a lifeline for those who can't afford credit cards. Credit card compensation may seem nice, but I want you to remember that money always has to be paid back.

Compensation can only solve your urgent needs, nothing more. It is suitable for people who cannot repay on time within the agreed period, and can effectively avoid credit stains.

Since so many people use compensation, is credit card compensation cost-effective?

Many institutions advertise relatively low interest rates on loans. For example, a well-known credit card compensation agency offers an interest rate of 50% off the minimum repayment rate of the credit card. But in fact, it's not as simple as the ads say.

Sure enough, there is no free lunch, only complete routine. Insiders told Xiaobian that the discount is an ordinary interest rate for ordinary borrowers. If the individual has good qualifications, the loan interest rate will be lower; if the individual has poor qualifications, the loan interest rate will definitely be higher.

Therefore, if you want to use compensation, you'd better be a person with high credit qualifications. In this way, the compensation is relatively cost-effective.

Let us analyze what kind of people usually use compensation.

Generally, there are three types of credit card users:

The person in charge never accrues interest. They pay their bills on time and have good credit. These people basically cannot make money by relying on credit, but can only rely on later sales of financial products.

The people at the bottom are bad debtors, who simply owe money and refuse to pay it back.

Middlemen, or recurring accounts, are the favorite users of credit cards. They have interest every month, but there are no bad debts. In fact, these recurring customers really need credit card compensation services.

In fact, whether it is credit card installment or platform compensation, you need to bear a certain interest cost, with a minimum of 7 and a maximum of 15. In short, you are not talking about making money.

Although credit card balance compensation solves the urgent needs of cardholders, provides short-term capital liquidity, avoids overdue credit cards and affects personal credit, this is a positive impact; but don’t forget, It will further affect the consumption desire of cardholders, and those shopaholics will not be able to rationally control their spending, which is a negative impact.

If you really need to borrow money from these credit card reimbursement agencies, here are some suggestions:

1. You must choose a reliable and qualified reimbursement agency to protect the security of personal information and regularly Check personal credit checks to avoid loans due to information leakage.

2. Repayments must be made on time. If such loans are not repaid on time, overdue fees are also high and will be entered into the central bank's personal credit report.

3. It should be emphasized that not everyone advocates using credit cards through compensation, but when you have a short term, you can consider compensation first. The principle of living within one's means and repaying in a timely manner should always be given top priority.

Ultimately, credit card compensation is like a double-edged sword. Don’t blindly borrow or demonize. The key is to see whether the user has good consumption habits.

If you cannot control your little hands and have no repayment ability and credit, no matter how good the financial services are, it will become a disaster that will destroy you.