Why do you have more credit card debts?

Debt, a simple word, has become a nightmare for many people. Because today's adult life is basically maintained on the surface, and the inside has long been heavily in debt and overwhelmed.

Recently, a friend was consulting me. His credit card has already owed 8, yuan, and now there is no way to "pour it down". What should I do? This is not a case.

I don't know if you have noticed, but you have paid back a lot of money every month, but your debts have not decreased, even more and more, and you feel endless? Then why did this happen?

1. High interest generated by continuous installment

When the credit card debt is too high, many people's first reaction is to apply for installment, so as to spread the high debt evenly. I feel that the debt on the surface has been reduced a lot, but it has not actually been reduced, and it will also bear high installment fees. The annualized interest rate of installment fees in some banks is over 36%! ! !

and once the installment amount is large, there will be installment business in the later period. Over time, the original principal will accumulate more and more, and the interest will be higher and higher. Even your repayment is only interest.

2. Choose the lowest repayment, which is heavily in debt

Every bank will have the option of the lowest repayment. In case of inability to repay, many people will choose the lowest repayment, because 5% of the total amount is still affordable. On the surface, it is another day to safeguard the credit information and the debt crisis has been resolved.

But have you overlooked a problem: the interest on the minimum repayment is so high that the amount you paid back in the end is not even enough.

3. The "reverse card" breaks and collapses in an all-round way.

A wise man doesn't talk in secret. Many people can maintain their decent lives and keep the debt surface smooth by constantly reversing cards. Once a card is downgraded or blocked, the capital chain will break and collapse in an all-round way. Overdue is the foreseeable outcome.

4. There will be high penalty interest and interest after the overdue period

After the overdue period, the bank will have a daily interest of .5 ‰ and the interest will be calculated in cycles. In addition, it will charge .5 ‰ of penalty interest every day, which is calculated from the day when you are overdue. The longer the overdue period, the higher the penalty interest and interest will be.

In addition to the increasing debt, it is impossible to let you go, harassing you constantly, even bursting the address book, harassing your family and friends, asking for debts at home, and trampling your dignity to pieces.

Maybe you are forced to borrow money from your relatives to alleviate the current predicament, but the temporary solution is not the root cause. The money you put into your credit card will be deducted directly as interest, and the principal will not be reduced, and several foreign debts will be added!

In the end, everyone will have broken the jar and broken it. You can rush it if you want, and you are in a state of violent decadence every day.

5. Being arrested by a bank will lead to serious imprisonment

Banks are never charitable organizations. When the overdue amount is too large and the overdue time is too long, banks will come to this step. When your amount exceeds 5,, it will become a crime, and it is also possible to go to jail.

people often ask me: I've been robbed by the bank, and now I'm required to pay off my debts in one lump sum, but I really can't. What should I do? !

No one wants to see this result, because debt is never a mistake, but if you don't make a debt plan, keep the surface calm and let it go in a vicious circle, you will eventually fall into the bottomless pit and be unable to go ashore.

the best choice is to stop the loss in time and not give the debt unlimited opportunities to accumulate. When the credit card is unable to repay, don't ignore it, handle the suspension of interest and default interest, let the bank stop interest and default interest, and give yourself a breathing space by installment of the longest interest-free principal, which is also a real way to stop debt and help yourself land successfully!

only when you really increase revenue and reduce expenditure can your debt be fundamentally dealt with. I hope everyone can solve their own debt crisis and successfully land.

If you have problems with debt, you can consult our professional staff and give you the most professional suggestions and solutions.

Why are there more and more credit cards

Question 1: Why are there more and more credit cards? You have to remember that you can never beat the bank, and credit cards have higher requirements for users while providing services. You must repay them in full and on time, and don't pay the minimum repayment unless you have to, because the interest on credit cards is very high.

Question 2: Hello, why do I have more and more credit cards? If it's a CMB credit card, you should pay the minimum repayment for each installment, or not pay the full amount. The interest is calculated from the first consumption, so it will increase.

Question 3: Why do I have more and more credit cards?

The reason why I have more and more credit cards is that I used installment payment and didn't return them on time, so I was charged with handling fees and interest.

if you feel satisfied with the answer,

please accept it, thank you.

Question 4: How can there be more and more credit cards? People who spend more will have more cards.

Question 5: How can there be more and more credit cards? The bank has a bill every month. Check it carefully. If there is anything wrong, call the credit card center to check it!

question 6: why do you owe more credit cards? Pay off the bank's stipulation at one time. If you overdraw 1 yuan, you only pay back 999, and if you don't pay back 9 points, it will be calculated according to 1 yuan's interest. < P > Question 7: Why do you pay off all the money directly if the minimum repayment of credit card is more and more? The minimum repayment is more and more.

don't touch the bank's minimum repayment by installment, especially the minimum repayment.

banks are so smart that you can't calculate them. Be honest, swipe your card less, and pay back on time when you have to swipe your card, earning some interest-free period.

question 8: why are there more and more credit cards? I just checked for you! Taobao supports Everbright Credit Card! But if you want to be sure, call their customer service and ask! When I have no money, I usually use my card to brush things for my colleagues online! They're giving me money! Hehe, I am a card of China Merchants Bank! The installment fee plus the minimum repayment plus the cash withdrawal fee and interest will accrue interest every month. The interest charged by the bank alone is almost the same as your installment. Dizzy < P > Question 9: The more credit card repayments, the more? 2 minutes, you have to go to the bank to check. See what the debt is. If you want to go, go quickly Otherwise, it will have to be increased, and it will have to be paid back. Many people who can't use credit cards have been cheated. < P > Question 1: What is the reason why there are more and more credit cards in CITIC Bank? As long as you don't repay in full on time, you will have a penalty interest, which is of course higher than the principal you actually use;

How can there be more and more credit cards?

The reason why there are more and more credit cards is that users do not choose to pay in full when they repay each installment. As long as they choose the minimum repayment or installment repayment, the amount of bills to be repaid in the current period, the amount to be repaid after the minimum repayment last month or the amount to be repaid after installment, will lead to more and more credit cards to be repaid. However, unless the user no longer uses the card after repayment, as long as the card is still used, it is normal for the repayment amount to be more. In addition to the above, if the credit card is overdue, the system will also charge overdue interest, which will also lead to more and more credit cards.

another way of saying credit card is that credit card is a non-cash transaction payment method and a simple credit service. Credit cards are generally plastic cards with a length of 85.6 mm, a width of 53.98 mm and a thickness of 1 mm, which are issued to cardholders by banks or credit card companies according to users' credit and financial resources. Cardholders do not need to pay cash when they use credit cards, and they will make repayment on the settlement date. Except for some credit cards combined with financial cards, general credit cards are different from debit cards and ATM cards, and credit cards will not directly deduct funds from users' accounts.

in February p>212, the bank confirmed that credit cards are safer without passwords, and if they are stolen, they will share the responsibility with the bank. Enjoy an interest-free period of 25-56 days (or 2-5 days). Credit card consumption enjoys an interest-free period, and the bill amount will be paid off before the due repayment date, and no expenses will be incurred. There is no interest-free repayment period for cash withdrawal, and five ten thousandths of daily interest will be charged from the day of cash withdrawal, and the bank will also charge a certain percentage of cash withdrawal fee.

in the 196s, credit cards sprouted and developed rapidly in developed countries in Europe and America, such as the United States, Canada and Britain. After more than 5 years of development, credit cards have been widely accepted in more than 95% countries around the world. In 198s, with the reform and opening up and the development of market economy, credit cards, as electronic and modern consumer financial payment tools, began to enter China, and in the past ten years, they have developed by leaps and bounds.

After the financial crisis and the ups and downs of domestic economy, the credit card market in China picked up in 21. By the end of 21, the total number of domestic credit cards has exceeded 2 million. In 21, the amount of cross-bank credit card transactions in China reached 5.11 trillion yuan, and the consumption amount was 2.7 trillion yuan. The proportion of credit card consumption in the total retail sales of social consumer goods continued to increase.

What happens when you feel more and more credit cards?

1. It's useless to pay back more. You pay back 5 yuan every time, and then you use 8 yuan immediately. Naturally, you owe more and more.

2. If the arrears are not paid off every month, the bank will charge interest. If the minimum repayment amount is not paid, there will be a penalty.

3. The credit card has been overdue, and the overdue amount will generate a penalty interest on a daily basis. If the overdue principal is large, the penalty interest will be very high.

4. There has always been a credit card withdrawal. After the credit card withdrawal, interest will be generated on a daily basis. If you withdraw cash every month, the interest generated will be a lot.

Credit card:

According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, a credit card refers to all kinds of media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder. [18]

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal [1-2]. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the credit card standard is CreditCard[3].

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate. [4]

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which cardholders have a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate). [5]

On May 25th, 221, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

Product types of credit cards:

According to different card issuers, it can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.

non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are dedicated to shopping in designated stores or filling gas stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by service industries, such as airlines and travel companies, which are used for ticket purchase, dining, accommodation and entertainment.

according to different issuers, it can be divided into corporate cards and personal cards

corporate cards. Corporate cards are issued to all kinds of industrial and commercial enterprises, scientific research and education institutions, state party and government organs, military units, organizations and other legal organizations.

personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. Personal cards are applied for in the name of individuals and bear all the responsibilities of using them.

According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.

Ordinary cards. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and their requirements are not high.

gold card. Gold card is an advanced credit card that pays high membership fee and enjoys special treatment. Card issuers are those with high credit, strong repayment ability and credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are much wider, so the requirements for related service fees and guarantee money are also higher.

according to different payment methods, credit cards can be divided into credit cards and quasi-credit cards

credit cards. It is that when the issuing bank provides bank credit, it overdraws first, and then repays or pays by installments. Most of these cards are used in international circulation. That is to say, the way to allow cardholders to pay off their credit card accounts is "consume first, then deposit". Most of these cards are used in international circulation.

quasi-credit card. It is a credit card issued by the bank, which deposits first and then consumes. When applying for a credit card, the cardholder needs to deposit a certain amount of money in the issuing bank in advance for backup. The cardholder needs to use the card on the basis of the deposit balance, and generally overdraft is not allowed.

according to the different circulation scope of credit cards, they can be divided into international cards and regional cards

international cards. International card is a kind of credit card that can be used outside the issuing country and is universal. MasterCard, VISACard, AmericanExpressCard, JCBCard and DinersClubCard issued by five overseas groups (MasterCard, Visa International, American Express, JCB Card and Diners Club Card) are mostly international cards.

area card. Regional card is a kind of credit card that can only be used in the issuing country or in a certain area. Most credit cards issued by commercial banks in China belong to regional cards.

The introduction of how to repay more and more credit cards and how to repay more and more credit cards is over. I wonder if you have found the information you need?