it's not illegal. The essence of credit card repayment is like credit card cashing. Because credit card repayment belongs to this gray area now, the laws and regulations do not clearly stipulate that it is illegal. Although credit card repayment has solved the urgent needs of credit card users, it also has certain risks.

after the credit card repayment agency repays the loan on its behalf, the customer is required to pay back the loan in cash when swiping the card. Of course, customers with risk-taking ability can still pay back the loan in time, but users with poor risk-taking ability should use the credit card repayment service cautiously to prevent inconvenience to themselves.

Extended information:

Mode of credit card repayment:

1. Cash repayment: Compared with the traditional method, credit card repayment is used to repay an institution or an individual, and the other party will help you fund the arrears, and then the repayment money will be collected immediately by swiping the card.

2. Cycle operation: First of all, the balance in the credit card you need to repay must not be less than that in 5 yuan. For example, if the balance in the card is 5 and the repayment amount is 1,, you need to repay the 5 yuan at least 2 times, and then make repayment, so as to pay off the debt repeatedly. The platform charges a certain handling fee in this process, which is generally .8%-1% of the bill amount.

3. Borrowing method: This method is relatively common, and it is also a popular credit card compensation business. Of course, before borrowing money, you also need to make a qualification credit judgment. After the approval, the money will be directly transferred to your credit card. The money you should pay back can be paid in installments according to the agreement with the platform.

Baidu encyclopedia-credit card repayment