;?Consumption loan is a kind of pure credit loan, which does not require mortgage guarantee, is simple to handle, and can help people solve their daily capital turnover problems. Especially when many people are short of money, they will want to apply for consumer loans to repay credit cards. So, can consumer loans be repaid with credit cards? Will there be any impact? Let’s analyze it together below.

1. Can consumer loans be paid back to credit cards? Consumer loans mainly refer to personal consumption loans other than housing loans and car loans, and are divided into cash loans and consumer installments. If you want to use it to pay off your credit card, you must apply for a cash loan. Although after applying for a cash loan, the money will be loaned to the bank card, but when applying, the loan contract clearly stipulates the relevant purposes. Most of them can only be used for personal consumption such as travel, decoration, and study abroad, and cannot be used for real estate. , investment and other fields. Repaying credit cards is not strictly considered personal consumption, but some people still secretly use consumer loans to repay credit cards.

2. What are the impacts of consumer loans and credit card repayments? According to the type of financial institution, consumer loans can be roughly divided into bank consumer loans, Internet financial platform consumer loans, consumer loans from other non-bank financial institutions, etc. Usually, as long as it is not a bank consumer loan, there is basically no impact on using it to pay off a credit card. For bank consumer loans, banks usually perform post-loan management on the loans issued. The borrower needs to provide transaction vouchers for consumer loans, such as various invoices, contracts, etc. If the credit card repayment voucher is provided, the bank may think that If the borrower does not use the funds for the specified purpose, the borrower will be required to pay off the remaining unpaid loan in advance at one time. This will undoubtedly make matters worse for borrowers with limited repayment ability. Moreover, if most people fail to pay in advance, it may trigger a chain reaction and endanger financial security. Therefore, everyone should not use consumer loans to repay credit cards unless absolutely necessary.