It’s the end of the month credit card repayment day again. What should I do if I spend too much money and don’t have enough funds? In order to pay less interest at this time, many people may think of credit card repayment agencies. So how do these credit card repayment agencies help you achieve repayment? Below are 3 ways that I know about credit card repayment. After reading this, you can consider whether to continue to find someone to repay.

1. Offline credit card repayment. Through credit card repayment agencies or individuals, the repayment method used is to repay in lump sum, that is, they will help you advance 100,000 to repay the credit card, and then immediately withdraw the 100,000 by swiping the card.

2. The principle of the credit card repayment APP is to bind two of your own cards, one is the credit card for repayment, and the credit limit is required to be at least 500 yuan; the other is the savings for collection. Card. Based on the balance in the credit card, the number of repayments required is automatically calculated. For example, if the balance in the card is 500 and the repayment amount is 10,000, it will need to be repaid at least 20 times. Credit card repayment platforms use these credit limits to pay them back each time. Then swipe it out and pay it back again, and the cycle continues until the bill is paid off.

3. Loan repayment APP refers to the recently popular credit card reimbursement business. A loan product from a bank or a certain company also requires a qualification assessment to determine whether to lend to you. After approval, the amount will be repaid directly to your credit card, and you can repay it in monthly installments to the bank or institution. For example, China Merchants Bank’s e-instalment, non-bank card loans, save money, pay back money, etc.

Now that you know how these credit card repayment agencies operate, I will tell you some of the problems that credit card repayment may cause. It is not illegal to repay a loan on your behalf. However, credit card advances also involve cashing out after repayment. The recent "Interpretation on Several Issues Concerning the Specific Application of Laws in Criminal Cases Impeding the Administration of Credit Cards" clearly stipulates that cashing out of credit cards is illegal.

The "Interpretation" also stipulates: "Violating national regulations, using point-of-sale terminals (POS machines) and other methods to directly pay cash to credit card holders through fictitious transactions, false prices, cash returns, etc. , if the circumstances are serious, they shall be punished as illegal business crimes in accordance with the provisions of Penalty Article 225. "The essential characteristic of credit card cash-out is to directly convert the credit limit in the credit card into cash through deception. Since the cash-out funds have separated from the normal credit management channels of banks and escaped the management sight and control of regulatory authorities, they have seriously damaged the management order of my country's financial market and planted unstable factors for the country's overall financial order.

So, if your risk resistance is not enough to support your credit card repayment, you should not overdraw your credit card at will. Otherwise, if your credit card is overdue or maliciously overdrafted, it will only bring you a high risk. The vicious cycle of interest repayment.

This is the end of the introduction on how to use POS machine to return money.