The credit card repayment date is coming soon, but you don’t have enough funds on hand to repay it, what should you do?
For those who often play with credit cards, I believe the most common method is to use the available limit on the card and then pay it back. If there is no available limit in the card, then apply for a new credit card, swipe it here and pay it there, and then cycle the charges between two or more credit cards.
This can indeed quickly solve the problem of bill repayment, but it is also very harmful.
The dangers of credit card chargebacks are summarized as follows:
1. It is easy to be subject to risk control, card blocking, and account freezing
2. Generating additional cash withdrawals Handling fee
3. Using a card to maintain a card can easily deepen the debt amount, and the amount will be huge in the later period, and the interest rate will be scary
4. Overdue credit will have a huge impact, and poor handling will affect later loans. Buy a house or a car
The most correct way to pay off a credit card:
1. Confess directly to your family, collect the funds, settle all credit card bills in one go, and then cancel the card
2. Find a friend to borrow money and settle all the credit card bills at once
3. If you have the conditions, go to the bank to apply for a large loan and settle all the credit card bills
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4. Ask relatives and friends for help, and ask them to apply for a large loan at the bank to help you pay off your credit card bill, and then you will repay the loan every month
5. If the above four Even if you can't realize it, then be determined, choose to overdue directly, repay according to your repayment ability, and stop using the card to maintain the card
6. If you don't want to be overdue, but are not afraid of collection, Then go for the kind of online loan that doesn’t meet the credit score, and use the money from the online loan to pay off the credit card. Of course, after taking out this kind of online loan, you have to have the mentality of not repaying, and then wait to endure the collection