Recently, many netizens have asked me about things to pay attention to when using the card. With the improvement of consumption level, almost everyone is about to become a card owner. Some people even have more than a dozen credit cards. It is easy to have a card, but it is difficult to use the card well. If you are not careful, you may even fall into a bad merchant. Institutional traps. Let me tell you what you should pay attention to when using credit cards and online loans based on some examples:

1. Never use credit card and online loan money to gamble

Usually it is ten You will lose nine times if you bet, and gambling is illegal in mainland China. One netizen owed 1.06 million on credit cards and online loans due to two months of gambling, which caused huge financial pressure and burden on himself and his family. His good family was basically destroyed.

2. Do not use credit card or online loan money for stock trading or other investments

Loans for stock trading or investment are not allowed by bank regulations. Many people do not know much about stocks or investments. , people who follow the trend of stock investment often lose money so much that they can’t even repay their credit cards or loans.

3. Don’t use credit card or loan money to buy a house

Although housing prices have remained high, with the introduction of various control policies, the opportunities to get rich by relying on houses are getting better and better. If you don’t have matching income, it is recommended not to blindly throw money at the house.

4. Don’t use credit card or loan money to invest in companies

No company in any industry is guaranteed to make money without losing money, and the money owed must be paid back, so you have to worry about it. With all kinds of cards and loans, I have to float in the unknown business world. If I am not careful, I will sink and be unable to float.

5. Don’t blindly spend in advance or over-consume

Many ordinary salarymen and freelancers have low incomes, but they over-consume and seriously fail to make ends meet. Debts soared all the way until the pressure was so great that it was difficult to turn over.

There are countless reasons for getting into debt, but only a few can successfully get out of the trap quickly. If credit card or online loan debts are not repaid in time, interest and liquidated damages will accrue after the overdue period. Once the debt is owed for too long, the interest and liquidated damages will increase exponentially, seriously exacerbating the repayment burden. Overdue credit cards and loans will also cause Having a bad credit record will later affect various businesses such as home loans, car loans, and all credit-related businesses.

Finally, I would like to remind everyone: Do not consume too much beyond your ability, do not overdraft blindly, and consume rationally based on your actual economic situation.