In today's society, advanced consumption has become a trend. For example, loans, credit cards, etc. are very popular credit loan products. Many people spend too much, resulting in overdue situations. So, credit cards Which one is more overdue than online loans? Let’s learn more below!

Which one is more overdue between credit cards and online loans?

1. From the perspective of interest

After overdue, not only the interest will not stop growing, but there will also be penalty interest and penalties. From the perspective of annual interest rate, the annual interest rate of credit cards is around 19, while the annual interest rate of online loans is around 33. After overdue, if according to Both credit cards and online loans borrow 10,000. One year overdue, the interest on online loans is nearly double that of credit cards, so the consequences of overdue online loans are much more serious in terms of interest.

2. From the perspective of credit reporting

Both online loans and credit cards are credit loans and are linked to credit reporting. Once overdue, personal credit reporting will be There are certain impacts on the record, and they are all serious. However, there are also some online loan repayment grace periods. Generally, the grace period is 1 to 3 days, so overdue within the grace period will not leave a bad record on your credit report. But whether it is an online loan or a credit card, from the perspective of credit reporting, the consequences of overdue loans are equally serious.

3. From the perspective of solutions

If your credit card is overdue, you can negotiate with the bank for personalized installment repayment. During this period, interest will not increase, and the repayment period can be extended to alleviate the problem. Borrowers are under financial pressure, but some online loan platforms can apply for deferment of repayment, and some even have interest rates increasing. From this perspective, the impact of overdue online loans is still relatively large.