How does credit card agency work?

Credit card overdraft consumption exceeds the cardholder’s repayment ability. If they don’t want to overdue, some people will think of credit card agency payment. In order to ensure the safety of credit card agency payment, Please pay attention to the following repayment procedures:

1. Find a reliable credit card repayment agent or individual before the credit card repayment date;

2. Negotiate the repayment procedures between the two parties. The fee is generally around 1.5%;

3. Make sure that the credit card status is normal, and it can be swiped out immediately after entering it;

4. The other party will help pay off the credit card bill first, and after the limit is restored in real time, Then use the POS machine to swipe the same amount;

5. The cardholder pays the other party's repayment fee.

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What does credit card agency mean?

Credit card agency means to find A third party repays the loan on your behalf. The third party here refers to the intermediary agency. Credit card repayment is actually a third-party financial institution that provides repayment services, and the institution charges a certain handling fee. The cardholder then returns the repaid amount to the repayment agency by swiping the card for consumption. Credit card repayment service allows cardholders to maintain a good repayment record before the repayment date and does not need to bear additional late payment fees after the repayment date; the handling fees charged by third-party institutions are often less than bank late payment fees and interest, so there is no need to bear huge amounts The repayment fee is; and the credit limit will be restored again after the repayment, which is very convenient when swiping the card for consumption. However, it should be noted that credit card repayment is essentially very similar to credit card cash-out, so it is best not to try it.

Common credit card repayment operations are as follows

1. Offline credit card repayment. The operating principle is to use a credit card repayment agency or individual, and the repayment methods used are all lump sums. In layman's terms, the credit card repayment agency or individual helps you advance the funds to repay the credit card, and then immediately repay the credit card by swiping the card. The money is spent.

2. Credit card repayment APP. The principle is that two cards need to be bound, one is a credit card for repayment, which requires the cardholder to have a remaining credit limit of at least 500 yuan; the other is a savings card for collection. Based on the balance in the credit card, the number of repayments required is automatically calculated. For example, if the cardholder's current balance in the card is 500 and the repayment amount is 5,000, the cardholder needs to repay at least 10 times. Generally, credit card repayment platforms use this cyclic method to help cardholders settle their bills.

3. Loan and repayment APP. In the past two years, this kind of credit repayment app has become very popular. Many banks or non-bank institutions have successively launched such loan products. They will mainly evaluate and judge whether to lend to you based on the borrower's qualifications. Generally, after passing the review, the amount will be repaid directly to your credit card, and then you can repay it in monthly installments to the bank or institution.

Steps to find someone to pay off your credit card on your behalf

It is actually very simple to find someone to pay off your credit card. Generally, the person who pays off your credit card only needs to know the credit card. In this era, the person who pays off your credit card will be able to pay off the credit card debt. payment. Specific steps: 1. The cardholder must find an intermediary or individual to repay the bill before it is due.

2. Then both parties negotiate the repayment fee, which is usually about 1% of the repayment amount.

3. After agreeing on the handling fee, the repayment agency or individual will help you pay off the credit card bill.

4. Then use the POS machine provided by the other party to withdraw the same amount.

5. Finally, the cardholder pays the return fee to the returner.

Credit card payments cannot be overdue during the repayment process, because overdue repayment will generate penalty interest, and the longer the time, the more penalty interest will be generated. After overdue repayment, the bank will collect money. A common method of collection is to call the borrower's phone number until the cardholder has paid off all the debt.

In fact, when a credit card cannot be repaid on time, users can use installment repayment or the minimum repayment amount, so that the monthly repayment amount can be reduced and overdue repayment will not occur. When using installment repayment, users can choose different repayment periods based on their income, and can repay in advance later.

In order to avoid late repayment after using a credit card, users must think about their repayment plan in advance when using a credit card and know what kind of income they will use to repay the debt.

If your income is relatively small, you should be careful when using credit cards. Generally, the credit card consumption limit does not exceed 50% of your monthly income and you can repay it on time.

How much is the handling fee for credit card repayment?

1. The specific handling fee for credit card repayment depends on the institution you use to make the repayment. Currently, there are many credit card repayment platforms on the market, which can also be called online loan products, such as Shengbei, Repay for You, Sina Yourepay, Huanbei, etc.

2. For example, Save Bei mainly focuses on installments. The installment interest rates are different depending on the credit rating. The lowest monthly rate is 0.59% and the highest monthly rate is 0.83%; we will pay for you by overdraft. The amount is calculated based on the standard. The handling fee is 200 yuan for 1 week of application, 300 yuan for 2 weeks, 400 yuan for 3 weeks, etc.

3. There is also an organization that specializes in providing repayment services for credit card holders. It helps cardholders repay the money first, and then releases the repayment limit after the credit card limit is restored. The repayment procedures The fee is generally between 1% and 3%.

4. At present, the monthly handling fee for credit card installments of most banks is 0.6%-0.86%, and personal credit card repayments are not much more affordable than bank installments.

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Is it illegal to repay on behalf of a credit card?

Is it illegal to repay on behalf of someone else? of.

Legal Analysis

However, because credit card repayment involves cashing out and repaying credit cards, cashing out involves card consumption. If you violate relevant regulations, use point-of-sale terminals (POS machines) Direct cash payments to credit card holders through fictitious transactions, false prices, cash returns, etc. If the circumstances are serious, they shall be convicted and punished for the crime of illegal business operations. A credit card is essentially a small-amount credit loan, and the essence of credit card cash-out is that merchants collude with cardholders to maliciously obtain a certain amount of loans from banks in the name of consumption. This is to some extent suspected of fictitious loans. . According to relevant regulations, they will be convicted and punished for the crime of illegal business operations. If a cardholder maliciously overdrafts in the above manner for the purpose of illegal possession, he shall be held criminally responsible.

Legal Basis

"Provisions of the Supreme People's Procuratorate and the Ministry of Public Security on the Standards for Prosecution of Cases" 46. Credit Card Case (Article 196 of the Criminal Law) Conducting credit card activities is suspected of one of the following circumstances The following shall be prosecuted: 1. Using a counterfeit credit card, or using an expired credit card, or falsely using another person's credit card to carry out activities with an amount of more than 5,000 yuan; 2. Malicious overdraft, with an amount of more than 5,000 yuan.

What is credit card repayment?

Credit card repayment means that when your credit card bill is not paid, the consumption from the credit card statement date to the repayment date will be included in the user's bill for the next month, and the amount consumed will be added Return it to the user's credit card, settle the bill, and the limit will be restored immediately. This cycle of operations will be repeated until the cumulative repayment amount reaches the current bill limit

It can be seen that during this repayment process, consumption That's the most important thing. In other words, whether the merchant you use is of high quality not only determines whether the user's credit card limit can be increased, but also whether the card will be blocked or reduced.

So choose a good repayment software when repaying a credit card. That's the key. For example, Didi Biou Credit Card Repayment APP, the merchants that handle bill consumption are based on the city selected by the user for real consumption at the merchants. The amount of each consumption is also randomly generated, and the random amount is real merchants. Such bills It is more in line with bank big data, improves bank ratings, and solves the problem of card maintenance while solving bills

I just heard about this from my colleagues two days ago, and I also took a closer look at it. software.

He is our local credit card repayment agent. It is said that he paid some agency fees to obtain this qualification. It seems quite formal. The software he represents is called "Dadaka Butler" ", I wonder if you have heard of it?

I checked online carefully and found out the origin of Dada Card Manager. It is a credit card manager independently developed by Shenzhen Qianhai Bama Technology Co., Ltd. It is a company focusing on mobile payment technology and comprehensive financial services. is a solution provider dedicated to providing cloud services such as mobile payment, O2O and finance to a large number of offline merchants. The Dadaka Manager is a mobile credit card management tool for convenient payment.

It means that it is a mobile APP. After downloading, the agent will give you a verification code to successfully authenticate. Then bind one of your credit cards and you can swipe the card through the mobile software. . If you need to repay it on your behalf, you can click on the repayment function on the software. It is said that if you repay it for 10,000 yuan, a fee of 85 yuan will be charged. Convenient, timely and safe, it’s a pretty good APP. The popular POS terminals currently on the market may be replaced by similar software in the near future. Of course, this software does not seem to be widely circulated at present, and there are many different voices on the Internet.

My suggestion is that it is better to consume credit cards in moderation, do not overspend, and repay on time according to the repayment period. If you are tight on money, you should consider that you will not have funds when you repay. Don't worry about what to do and overdraw your future funds.

The above is just my personal opinion, please use it with caution.

You are looking for a credit card repayment platform online to help you pay off your bills. It is recommended that you use a reliable platform - Weixin Card Loan to make repayments on Weixin Card Loan. The maximum limit is 50,000 yuan based on personal credit assessment. All operations are done online. You can also apply via WeChat and repay in installments to help you maintain good credit.

This is the end of the introduction about credit card repayment business and how to do credit card repayment business. I wonder if you found the information you need?