Can't lend.
Paying back a credit card with a bank loan cannot be said to be illegal, but it is definitely illegal.
Bank-related loans have clear requirements on the purpose of the loan during the approval process, and the reasons for application should also correspond to the actual use direction. It is not allowed to repay credit cards with loans. General banks have regulations in this regard.
Can I repay my credit card with a consumer loan? These effects must be clear.
Consumer loan is a kind of pure credit loan, which does not need mortgage guarantee and is simple to handle, and can help people solve daily++problems. Especially when many people are short of money, they will want to apply for consumer loans to pay back their credit cards. Then, can consumer loans be repaid by credit card? Will it have any effect? Let's analyze it together.
1. Can consumer loans be repaid by credit card?
Consumer loans mainly refer to personal consumption loans other than mortgage loans and car loans, which are divided into cash loans and consumption stages. Whoever wants to return the credit card must have applied for a cash loan.
Although after applying for cash loan, the money is loaned to the bank card, but at the time of application, the loan contract clearly stipulates the relevant purposes, most of which can only be used for personal consumption such as tourism, decoration, study abroad, and cannot be used for real estate, investment and other fields.
Paying back credit cards is not strictly personal consumption, but some people still secretly use consumer loans to pay back credit cards.
2. What are the effects of consumer loans and credit cards?
According to the types of financial institutions, consumer loans can be roughly divided into bank consumer loans, Internet financial platform consumer loans and other non-bank financial institutions consumer loans. Usually, as long as it is not a bank consumer loan, it has little effect on credit card repayment.
For bank consumer loans, banks generally manage loans after lending, and borrowers need to provide transaction vouchers for consumer loans, such as++and contracts. However, if the credit card repayment voucher is provided, the bank may think that the borrower has not used the funds for the specified purpose, so that the borrower can pay off all the remaining outstanding loans in advance at one time.
This is undoubtedly worse for borrowers with limited repayment ability. Moreover, if most people do not pay in advance, it may trigger a chain reaction and endanger the safety of funds. Therefore, unless absolutely necessary, don't use consumer loans to pay back credit cards.
Can I repay my credit card with CCB Express Loan? You'll know after reading it
Many people are trapped in the predicament of lack of money, but they have card debts to pay back. I heard that some banks have credit loans, the threshold is relatively low, and they want to repay their credit cards. Then, can a bank credit loan repay a credit card? Here, take the fast loan of CCB as an example to introduce.
Can I repay my credit card with CCB Express Loan?
1, see the operation
There are two kinds of bank credit loans, one is consumer credit loans, and the other is cash loans. Although the former lends to the bank card after application, it can only be used to swipe the card on the POS machine of the designated merchant, and cannot be withdrawn; The latter is to lend money to a bank card, and the money can be withdrawn or transferred when it arrives.
For example, CCB's fast loan belongs to the former. As a consumer credit loan, it cannot be withdrawn or transferred after successful handling. And we all know that credit card repayment needs to be transferred from the bank card to the credit card repayment, or the money in the bank card is taken out and transferred to the credit card account.
Therefore, from the operational point of view, CCB Express Loan obviously cannot be used to repay credit cards. Of course, some people may say that they can try to withdraw the money from the bank card, but there are certain risks in doing so. Once monitored by the bank, it may be required to pay off in one lump sum, which is undoubtedly worse for cardholders with weak repayment ability.
2, look at the use
Banks have stipulated relevant purposes for such personal consumption loans, for example, they should be used to meet the legitimate, compliant and reasonable consumption capital needs of borrowers, and they should not be used for projects explicitly prohibited by national laws and financial regulations such as securities, futures and equity investment.
As for whether the credit card can be repaid by fast loan, it is not clearly stated, but this is an act of repaying the card with a loan and the bank should not support it.
Is it appropriate to repay the credit card with a loan? Don't do this!
Now the loan industry is developing very fast, and countless loan products emerge every day. Loans and credit cards have become two indispensable credit products in people's daily life. Some users want to know, is it appropriate to repay credit cards with loans? Because there are card debts to be repaid every month, it can relieve a lot of pressure to repay the debts with loans.
No, no bank will stipulate the purpose of the loan, requiring that the loan can only be used for consumption, business and so on. , and can not be used for illegal accounts, improper use in violation of regulatory provisions or failure to cooperate with bank investigations. It is easy to directly freeze the line, and the arrears under the name may be settled in one lump sum.
1. Repaying the loan with a loan
Paying a credit card with a loan is the same as paying a loan with a loan. This way of drinking poison to quench thirst is not desirable, and it will only make the debt bigger and bigger, and finally it will get out of hand.
2. Be discovered by the bank
If your method is relatively simple, it may be discovered by the bank. For example, the loan amount is similar to the credit card debt, which can be found from the credit information. Then the bank may immediately cancel the line and settle the debt under its name in advance, including the handling fee and interest, which will put a lot of pressure on the borrower.
3. Repayment pressure
Some people are used to using loans or credit cards to solve the financial problem, and may reach the point where loans are not available because loans are not so flexible. If the capital chain breaks, they may be heavily in debt and the consequences will be out of control.
4. Credit information turns black.
Banks have high requirements for users' integrity. If this behavior is found, they may be blacklisted directly, and it will be difficult to handle credit business in the future.
This concludes the introduction of whether it is cost-effective to repay credit cards with loans and whether it is cost-effective to repay credit cards with loans. I wonder if you found the information you need from it?