There is no situation in which credit cards and online loans borrow money at the same time, and this situation is not rare. If you owe loans to both credit cards and online lending platforms, you must try your best to pay them back. If the repayment ability is really limited, which one should I pay first?

Which should I return first, the credit card or the online loan?

First of all, from the perspective of overdue consequences: if the credit card does not repay, the lender will face punishment results such as personal credit stain, civil prosecution and criminal offence; If the online loan is not repaid, we will face various unconventional means such as harassment and violent collection, as well as civil prosecution. In contrast, the consequences of credit cards may be more serious.

Secondly, from the perspective of overdue interest, the interest of credit cards will be higher than that of ordinary deposits, in addition to compound interest and late fees. But no matter how high the interest rate is, it will be within the scope permitted by law. The interest rate of formal online loans is good, while the interest rate of informal online loans is insanely high, and its interest rate is likely to exceed the interest rate stipulated by law by N times.

If the amount of malicious overdraft of a credit card is more than 50,000 yuan, and it is not returned after two effective collections by the issuing bank for more than three months, it meets the conditions for filing the crime of credit card fraud. Peer-to-peer lending belongs to the category of private lending and is regulated by civil law. If it is not repaid, the platform can only investigate the debtor's liability for breach of contract according to the contract and is not subject to criminal law adjustment. Generally speaking, if the repayment ability is really limited, credit card arrears should be given priority.