If a person borrows money through online loans and credit cards at the same time, now his money is only enough to pay back one. Should he pay the credit card debt or the online loan first? Here are some of my views.

1. Pay off the credit card debt first.

First of all, credit cards are used to collect money. If the overdue amount exceeds 50,000 yuan and the bank fails to collect it many times, then the bank can sue the overdue person for malicious overdraft. In addition, overdue will generate interest and late fees, and the interest is generally five ten thousandths per day, which will also leave a bad influence on the credit information of overdue personnel. As we know, it is generally impossible to apply for a loan from the bank if the credit record is "three times in a row". Credit stain records are kept in the credit information system for five years, and will be automatically eliminated after five years.

I would like to remind you that if you are really unable to repay, you can negotiate with the bank to stop paying. Whether the payment can be stopped depends on the specific negotiation results with the bank.

2. Secondly, access to formal loans for credit investigation.

For example, bank credit consumption loans, car loans, flower garden loans, Xiaoman Finance (with money to spend) and so on. Credit loans issued by regular licensed financial institutions. Before repayment, you can print your own credit report to see which loans are credited. Although these loans overdue will not make you face criminal responsibility, just like the overdue credit card, it will produce a tainted record in the credit investigation and affect your credit life in the future.

3. Online loans without access to credit information

Generally speaking, formal online loans are on credit. If you borrow online loans from some channels that do not access credit information, it will have no impact on your credit information, but you may face collection from lending institutions. Here, I suggest you check whether the interest of these loans exceeds the legal provisions, because the interest exceeding the prescribed interest rate level does not need to be repaid.

If you really owe a lot of debts and can't pay them back, don't care too much about face. You can borrow money from friends and relatives, pay back the loan first, and then pay back the money from friends and relatives slowly. Although it is natural to pay back debts, in the face of illegal loans, everyone can take up legal weapons to safeguard their rights and interests. The most important thing is to pay attention to reasonable consumption, not to borrow blindly, and try to avoid the inability to repay.

After all, it is easier to discuss before private lending. You can consider returning the credit card and the online loan for credit investigation before considering this.

The above is my personal opinion, depending on your personal situation.