1. Do credit cards and loans mean the same thing?

Credit cards and loans are not the same thing.

The differences between credit cards and loans are as follows:

1. Different basic frameworks

Credit cards are specifications for handling specific accounting business standards under the guidance of basic principles. Its specific content can be divided into three categories: general business standards, special industry and special business standards, and financial reporting standards. General business standards standardize the recognition and measurement requirements of generally applicable general economic businesses, such as inventories, fixed assets, intangible assets, Employee compensation, income tax, etc.

Loans are standards for handling accounting issues of specific businesses in special industries; such as biological assets, financial asset transfers, hedging, original insurance contracts, consolidated accounting statements, etc. Small business accounting standards mainly standardize reporting standards common to all types of enterprises; such as financial statement presentation, cash flow statement, consolidated financial statements, interim financial reports, segment reports, etc.

The application guide strengthens the specific standards of enterprises from different angles and solves practical operations, including the explanation part of specific standards, accounting subjects and financial statements.

2. The credit card and housing loan belong to the same bank. If the credit card is not repaid, will the house be auctioned?

Yes

Whether it is auctioned depends only on whether it is a living environment. If the necessary residential houses are for the person subject to execution and his dependent family members, they may be sealed, but the houses and daily necessities necessary for the lives of the dependent family members may not be auctioned or sold. After supporting the minimum and ordinary daily necessities of family members, you can get it

3. Is a credit card a loan? The difference between a credit card and a loan is here.

Many people ask, is a credit card a loan? In fact, from a certain perspective, a credit card is also a small loan, but not entirely. There is a difference between a credit card and a loan. Many cardholders don’t know what the difference is between the two. Let’s compare the two today. , see what are the differences.

1. Credit card and loan approval limits are different. The credit limit of a credit card is reviewed and determined by the bank based on the personal economic conditions and credit status of the card applicant. The limit will have different amount limits depending on the grade of the card. The higher the level, the higher the credit limit and the higher the qualification requirements for card applicants. The bank loan limit is higher than that of ordinary credit cards. Depending on the applicant's needs and bank approval, it is generally as high as hundreds of thousands. 2. Credit card and loan terms are different. For credit card installment business, the longest is two years, while bank loans can be up to 30 years. The deadline can be decided by the applicant. 3. Different fund use ranges. Credit cards have a wider range of use and are more flexible. They can be used wherever credit cards can be swiped, and there are no restrictions on use. Consumer loans are generally earmarked for specific purposes. For example, car loans can only be used to buy cars, decoration loans can only be used for decoration, and study abroad loans can only be used for studying abroad, etc. 4. Application convenience: It is relatively easy to apply for different credit cards. Customers can apply through bank branches, bank official websites, WeChat, mobile APP and other channels. During the application process, you only need to provide personal information and application materials such as proof of employment and income. Credit card approval times are relatively short and application is more convenient. The application process for consumer loans is long and cumbersome, with cumbersome procedures and strict approval procedures. Many times, applying for consumer loans requires applicants to provide a lot of supporting documents, and even provide mortgages, guarantees, etc. 5. Fees to be paid Different credit cards enjoy an interest-free period of up to 50 days to 56 days. Cardholders are free of charge for overdraft consumption during the interest-free period. As long as the payment is repaid in full before the due payment date, There is no capital cost to bear. Consumer loans do not enjoy an interest-free period. Loan applicants are required to repay each installment on time from the effective date of the loan. Loan costs cannot be avoided. 6. Different repayment methods: Credit card holders can choose to repay in full, repay in installments or repay according to the minimum repayment amount. Cardholders can choose according to their actual situation. Consumer loans are repaid on a fixed schedule.

4. Are credit cards and credit loans the same thing?

No.

Let’s look at what others say.