Owing to credit cards and online loans is all borrowed money. It depends on the status of these foreign debts and your own financial ability. As far as "should" is concerned, what is due should be paid back first, and everything should be paid back when it is due, both from a legal and moral perspective.

Of course, no one has encountered difficulties and accidents. Regardless of the situation of installment and borrowing new money to repay old ones, if you can only guarantee normal repayment of one of the two, you should pay off the credit card first. If your credit card is overdue, it is 100% safe to go to the central bank for credit reporting. The bank will not discuss or bargain with you. After the credit card is listed, you will be pursued through legal means. After all, individuals are a vulnerable group and cannot compete with the bank. After all, people follow procedures and laws and regulations. For online loans, you can repay part of it to show your sincerity, and the rest can be postponed for a period of time, but you need to pay a certain cost.

Although the consequences of overdue online loans do not seem to be as serious as those caused by overdue credit cards, it is not necessarily necessary to go to the central bank for credit reporting, because online loan operators do not have such qualifications, but there may be malicious collections, which will Troubled by some unspeakable behavior. For some online lending platforms with strong backgrounds, such as Jiebei, even if the collection is not so shameful, it will make borrowers uncomfortable in their own system. After all, in the era of oligarchs, individuals cannot compete with them.

Now we have entered the era of credit consumption, that is, according to personal credit, you apply for a credit line and consume in advance. Therefore, the phenomenon of overdraft consumption and debt is now very common. Moderate debt and overdrafts can indeed drive economic growth, but if you have debts such as credit cards and online loans and encounter financial difficulties, what is the best way to repay them? We need to consider this issue from multiple angles. 1. Consider personal credit reporting

There are currently three main systems for personal credit reporting. One is the internal credit reporting records of each bank, which covers all your business dealings with the bank. The second is the central bank. Personal credit report, this report covers all the records of your personal credit business in all banks, and is also called the bank’s second ID card; the third is the credit report system of online loans. Due to the previous online loan The platforms are relatively scattered, and the data of major platforms are not interoperable. This is a big loophole in personal credit statistics. Therefore, the country now requires all major online loan platforms to unify their credit information into one system. But now the credit record in a broad sense refers to the central bank’s credit record, and some online lending platforms currently do not have a synchronized credit system. Therefore, from the perspective of maintaining personal credit, it is better to pay back credit cards on a limited basis. 2. Consider the overdue interest rate

Generally speaking, the overdue interest rate of a credit card is about 0.5% per day, and if the debt is processed in installments in advance, the handling fee will be divided according to the installment time. If you join a bank with some preferential policies, you can basically reduce the degree of debt accumulation. However, the overdue interest rates on online loan platforms are generally relatively high, and if the amount of added debt is relatively high, you will encounter collection situations. Collections by loan platforms are more frequent and more intensive than collections by banks. Therefore, considering the overdue interest rate, repayment of online loans is limited. 3. Legal Liability

Credit card is a bank’s credit reporting business. If the debt exceeds 50,000 yuan and the default is malicious, the bank has the right to initiate legal proceedings. This may constitute fraud. If you commit a crime, you will bear criminal responsibility, but online loan platforms are in a debt relationship. Even if legal proceedings are carried out, they are still in the category of civil disputes and do not need to bear criminal responsibility. It will be enforced to count the bank cards or assets in your name and repay the debt. But no matter what kind of situation it is, it will need to be implemented in accordance with the court's decision, but the situation with credit cards is even more serious.

In summary, all debts must be repaid in the end. If you pay off the money early, you can pay less interest on the debt. The specific type of debt you need to repay first depends on your actual situation. .

As loans become more and more popular, news about online loans and overdue credit cards appear frequently. Creditors also use all possible methods to collect debts, and even exhausting all means sometimes does not achieve good results.

For borrowers, it is also considered to be heavily in debt. If they spend too much money in a certain month and have insufficient funds to pay off online loans and credit cards, which one should they choose first for repayment?

For both of these borrowing methods, if repayments are not repaid on time and lead to expectations, there will be serious consequences.

If your credit card is overdue, your personal credit report will be quickly affected. Once it is overdue, most of the business you handle in the bank may be rejected, such as home loans and car loans, and you may even be pulled into the bank. blacklist. If the overdue amount is serious, the bank will be subject to civil litigation. If the amount is too large, it will be upgraded to criminal litigation. Not only will you have to bear additional fines, but you will even be subject to legal sanctions.

Overdue online loans are likely to be subject to violent collection. Although many online loan platforms have become more and more standardized, there are still fish that slip through the net. Once you encounter harassing phone calls, door-to-door intimidation or even threats Yes, you must call the police. However, some online lending platforms now also include credit reporting. Once recorded, financial services elsewhere will also be hindered.

If the online loan is seriously overdue, you will be prosecuted! However, it is still relatively minor compared to banks, as it is a civil lawsuit.

Generally, when both parties owe money, compare their respective repayment dates, and you can pay whichever one is more urgent first. You can repay your online loan first, because the interest rate on online loans is generally much higher than that of banks. Once it is overdue, it may be more difficult to repay it in the future. On the credit card side, you can apply for installment repayment from the bank. Even if installment is not possible, you can negotiate other methods with the staff; as long as the credit report to the central bank has not been reported during this period, there is still time to repay the loan.

In addition, some online loan platforms do not need to repay the money they owe, such as loan sharks. According to the law, the borrower does not need to repay the portion of the loan interest that exceeds 36%. There are also "routine loans" where the borrower only borrows a small amount of money, but the final amount that needs to be repaid becomes an astronomical figure. What is even more exaggerated is that the borrower has already been saddled with a huge debt without even receiving the money. If this happens, call the police as soon as possible.

Generally speaking, which part of the debt should be repaid first depends on the borrower’s own financial situation and the different treatment methods adopted by both parties for the borrower. As long as there is a strong intention to repay, both parties should repay the debt. There is room for negotiation.

During the borrowing process, whether it is a credit card or an online loan, everyone must actively repay the debt and not avoid it. On the other hand, they must also protect their own rights and interests and retain evidence against unreasonable collections. Yixinrong provides a safe and legal loan platform for borrowers, where they can directly contact the bank and have more discounts.

Sister Fei was invited to answer this question. First of all, if the credit report is good and there is no overdue payment, I suggest repaying the online loan first

Interest and handling fees

< p> In general comparison, even if it is used in installments, the monthly handling fee for credit card funds is about 0.7%, and some banks can even reach 0.32% after discounts. The interest rate of online loans is obviously more than twice that of credit cards, and can reach 2% or even more. Therefore, when you have idle funds on hand, give priority to paying off compliant online loans. For those "usury loans" that exceed national regulations, directly negotiate to only repay compliant interest. If you don't agree, report it to the relevant department! If both the online loan and the credit card are about to become overdue or have just become overdue, it is recommended to pay off the credit card first

When you only have enough funds to repay either the credit card or the online loan, you can divide the credit card into installments to reduce the repayment pressure and give priority to the loan. The last part of the money was paid back to the credit card. Especially if your credit card is overdue for just over a month, make sure your card is not overdue for more than 90 days, otherwise you will be restricted in making other loans in the future. If you have any remaining money, you can repay the online loan. At the same time, it should also be noted that some compliant online loans listed on the credit bureau should be considered as credit cards and should be repaid first. When both credit card and online loans are overdue for a long time

In the case of insufficient funds, since both are overdue and the funds on hand are not enough to pay off one party's debt, then first pay off the unoverdue debt. If you pay back the credit card that has not expired, you can continue to use the funds next month, but you can't get out the funds that have been paid back by the overdue card and online loan.

If you have sufficient funds, give priority to paying off the loans with high default interest, usually online loans, and then continue to make money to pay off the credit cards. Moreover, you can negotiate for repayment after the credit card is overdue, which is more flexible than online loans and will be more cost-effective for collection. regulation.

I hope my answer is useful to you.

Nowadays, many people take multiple loans. Not only do they max out their credit cards, but they also owe a lot on online loans. When the capital chain is broken, a debt crisis will erupt. But debts always have to be dealt with. Which one should be paid off first, credit card or online loan? ——Pay off credit cards first, then pay off online loans. 1. Credit card. As we all know, a credit card is essentially a small credit loan from a bank. If you fail to pay it, you not only have to go to the credit reporting system, but if the amount owed exceeds 50,000 yuan, you may also be held criminally responsible.

2. Online loans. There are formal and informal online loans, which can also be said to be divided into licensed and unlicensed. The licensed ones include consumer finance companies and direct banks of some local banks, while the illegal ones are mainly P2P platforms. Consumer finance companies and direct banks are undoubtedly subject to credit reporting, but if these loans are not fraudulent or re-lending for profit, then no matter how large the debt is, they will only be civilly liable; and illegal P2P platforms, especially those with anti-aircraft guns Many platforms are not connected to the People's Bank of China credit system at all, and some are connected to the Baixin Credit System. However, even if they are held accountable, they will only be held civilly liable.

Therefore, from the perspective of the consequences of arrears, paying off the credit card first and then paying off the online loan is the right choice.

Of course, you must pay off the credit card first. The credit card is from a regular bank. Overdue interest and liquidated damages will be incurred, and it will also affect your credit report. And those with larger credit cards are also subject to criminal liability. Online loans are different. Generally, online loans have hidden interest rates, which are basically higher than the range stipulated by the state, so they generally will not be prosecuted. Wish you come ashore soon!

Without a doubt, the credit card is processed first. First, we need to know the following points.

1. Credit cards are undoubtedly subject to credit reporting. And once it is overdue, it will have a great impact on your credit report.

2. Overdue credit cards will incur high penalty rates, which most people cannot afford.

3. The amount is relatively large and the nature is bad. will be held legally responsible.

We are talking about online loans. Some online loans do not have a credit score, and most online loans have exemptions and exemptions, so you can repay the principal. There is no deduction for credit cards.

So no matter where you look at it, there is no doubt that credit cards are given priority, do you understand?

If you need anything, just leave me a message!

Are there people like this around you who rely on borrowing money to survive, and credit cards and online loans are what they often use? Tools for borrowing money. As for why you need to borrow money to live, everyone's reasons may be different. Some people do it to satisfy their consumption desires; some people need a lot of money because of an accident; some people owe a lot of money because their business capital chain is broken. Money is difficult to repay. But no matter what the situation is, borrowing money to live is not a long-term solution. If your income fails to increase, sooner or later you will be unable to repay the money. It's okay for those who owe money to relatives and friends. As long as they communicate well, it's okay to delay repayment for a period of time. However, if you owe money to an online loan or credit card, if you don't repay the money according to the regulations, the repayment amount will increase at the least, and you may be involved in lawsuits at the worst.

So if you owe both online loans and credit cards, but one of the current financial conditions is definitely not enough, how should you make a decision? Mr. Li has friends like this who owe both online loans and credit cards. And it all came to a point where he had to pay it back, but he had no money in his pocket and had to scrape together a few things to pay back one. He finally chose to pay off the credit card. After learning more about it, Mr. Li also believed that if online loans and credit cards are all over the line, he can no longer delay them. In this situation, you still have to pay off the credit card first.

Mr. Li will first introduce the extent of the two arrears. Online loan platforms are constantly calling to collect debts. If they can’t contact you when they turn off their phones, they will constantly harass your family and friends and ask them to tell you to pay them back in time. You will receive 2 or 3 calls a week, and you will have no place. For complaints, although the platform is formal, it outsources the debt collection business to third-party companies, and there is no solution to the problem. The credit card is notifying you that your property will be frozen, and then suing you, and your credit report has been affected.

What will be the impact if the two do not repay the money? For online loans, the interest will increase, and some platforms may become compound interest, and the money paid back will be more than the money borrowed, but as long as It is a regular platform, so this situation is unlikely to happen. At most, the interest will be a little more, and the bad information on some online loan platforms is currently not included in the credit report. Therefore, as long as you are thick-skinned, online loans will take a while. It's still ok. There is really no room for bargaining on the credit card side. Once the bank sues to freeze the property, the loss may be even greater, because if the house is auctioned, most of the time it will not sell for the price, that is, it will be sold below the market price. More importantly, What's more, if you don't pay back your credit card, you risk being sentenced.

Of course, the above situation is that both of them have to repay the money. If the debt repayment extension space is relatively large, in order to save the interest on the repayment, it is better to repay the online loan first, because relatively speaking, the online loan The interest on the loan is greater than the overdue penalty on the credit card, and credit card installments can also provide some relief. Finally, I hope that the personal experience in the article can be helpful to everyone.

There are always difficulties in life, and there are times when you can't pay back the money you borrowed. In the past, if you borrowed money, you would definitely borrow it from a friend or relative. , but now most people borrow money from online loans or credit cards. Faced with these very cold guys, if you can only repay one of the two, which one will you repay first?

The consequences of overdue credit cards and online loans are mainly that the collection agency will notify everyone in your address book, and secondly, your credit report will be blacklisted, making you want to borrow money in the future. It's basically impossible. But the two are also very different, so there are ways to choose which one to repay first.

For online loan platforms, if you still can’t pay, you can choose to contact customer service independently to communicate the specific repayment method. The communication interval is relatively large, and you can postpone the repayment and avoid it. Get rid of the negative consequences of overdue payments. For example, if you go through a credit check at the meeting and lose the trust of various companies, it will be difficult to continue online lending. But credit cards are more difficult. Credit cards belong directly to banks, and the bank's credit reporting system is relatively complete. If consumers cannot repay their debts, they will be listed on the credit reporting list, and it will be very difficult to handle other business. From this point of view, it is better to repay the credit card first. The bank's credit investigation is very strong. Once there is a negative impact, it will be difficult to continue to handle other businesses. However, there is a great possibility for online loans. You can communicate with relevant personnel. Less stressful than that.

But think about it carefully, if you manage your finances well, have a stable job, don’t spend money lavishly, do what you can, and consume moderately, do you still have to worry about not being able to make ends meet? Therefore, you must restrain yourself in life and work hard for a life of financial freedom.

If you can ask this question, your mentality has already collapsed.

Don’t take chances unless you hide in the mountains.

Finally,

I wish you make good money and pay off your debts as soon as possible.