1. Can I switch to a loan if I owe a credit card?

Of course not. These are two business departments and two businesses. You can raise funds through loans first and then repay the credit cards. Loans are generally reviewed more strictly. If the credit card is overdue, it will affect the credit report, so the loan will be affected. Credit cards should be paid off promptly.

2. Can you apply for a loan if you still owe money on a credit card?

Instalment, if you repay the money on time, it will improve your credit and make it easier to get a loan. These two do not conflict. You haven’t seen many people who, after taking out a mortgage, then apply for a credit card at this bank, and the limit is quite high. Mine is. Ha ha.

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3. I can’t pay back the money I owe to my credit card. Can I apply for a loan?

(China Merchants Bank) Credit card debt cannot be transferred to a loan.

If it is a China Merchants Bank credit card, if you fail to repay the minimum payment on the bill in time before the due date, late payment fees and interest will be charged, and your personal credit will be affected. The late payment fee is 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the next day after consumption), with a daily interest rate of 0.5% until you pay it off in full. In order to avoid affecting your personal credit, it is recommended that you repay the bill on time. If it is inconvenient to pay off the bill in full, please pay off at least part of the minimum repayment amount on the credit card. Minimum repayment amount = 10% of the credit card account. All general transactions are 100% in the account. The single installment amount of all outstanding installment transactions is 100% of the minimum repayment amount of the previous period. The unpaid portion is 100%. All funds used that exceed the credit limit of the account are 100% of the fees and interest. The minimum repayment amount refers to the minimum monthly repayment of the credit card. The amount is shown on your credit card statement for the month. If you cannot repay it all at once, you can repay the minimum payment amount on time before the final payment date. This will not affect your personal credit, but you will not be able to enjoy the interest-free repayment period. Interest will be calculated on all consumption in the current period from the recording date. Interest rate is five ten thousandths. (If you repay in full and on time, you can enjoy the interest-free period for credit card purchases.) If you do not repay, your credit will be affected and you will be charged interest. The bank will first demand payment, and then it does not rule out seeking legal channels for settlement. It is recommended that you seek help from relatives and friends to repay the loan as soon as possible.

4. What should I do if I can't repay the money I owe on credit cards and online loans?

If I can't repay the money I owe on credit cards and online loans, the first thing to consider is how to repay the money. , and secondly, you should declare to banks and online lending institutions that you do not owe money maliciously. This will lead to solutions. In the future, you must ensure that you repay as agreed. When the bank agrees to postpone repayment, you must take the initiative to pay back some. Therefore, if you develop good card usage habits and don't answer the phone but don't pay back the money at all, the bank will do it, and you won't have a bad record, but it will happen when a long-term accident leads to the inability to pay back the money on time. Therefore, if the overdue period is short, it doesn’t matter how much money you have. Monthly repayment amount, etc.: 1. Take the initiative to contact the bank or car loan and state that the debt is not malicious. It is best to repay the loan in full. If you terminate the use of the card, do not underestimate the bad credit record. That is to say, the credit record will be kept in the credit reporting system for two years to avoid overdue credit. Then call the bank's credit card center. Banks generally won't do this and will work with the cardholder to agree on a repayment plan acceptable to both parties. Nowadays, credit unions and commercial loans are not available, so you must repay as soon as possible. Understand the solutions to overdue credit cards, and insist on using the card for more than two years. In this way, the bad records can be removed from the credit system by rolling records. Before the final repayment period, the corresponding records will no longer be rolled. Bank Considering the owner of the card, it is possible to pay back a few hundred points. 2. State your financial situation. After overdue credit card repayment, apply for delayed repayment and interest discounts. However, it should be noted that cardholders are advised to proactively contact the bank’s credit card center for solutions to overdue credit card payments and interest discounts. Contact by phone. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis in 24 situations. Attitude is the most important. Be sure to pay attention to the bank's bill notifications and collection information to ensure that your credit is good. Don't be careless in the future. If you have always had good records and mortgage loans before, and you find that you have paid well after being overdue, the deadline will be postponed. Once you are unemployed because of unemployment. If you are usually negligent and forget to repay, if you really can't pay it back. 3. Be prepared. No matter how much money you owe, it is best not to cancel the credit card immediately after paying off the debt.

Extended information: Explanation of credit card related terms: 1: Late payment fee: Credit card late payment fee refers to the minimum payment amount when the cardholder’s actual payment amount is lower than the minimum payment amount on the due date of the credit card. The unpaid balance will be subject to late payment fees. According to our understanding, the proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid portion of the minimum repayment amount. However, due to different policies of each bank, the minimum amount set is also different. 2: Interest: Calculated based on the daily interest of 5/10,000 on the amount owed (principal plus interest plus late payment fees plus other charges), and compound interest is calculated on a monthly or daily basis! 3: Other charges: Different banks charge different rates, generally there are For cash withdrawal fees and handling fees, please consult the customer service of each bank for details! In summary, the business of banks or online lending institutions is to hand over money to citizens in advance based on trust, and then wait for the other party to transfer the money on the basis of charging reasonable fees. Repay the debt in full, but if the party concerned really does not have the money to repay it, he or she needs to negotiate with the bank. Otherwise, if the debt is not repaid maliciously, the bank or even some private institutions may force the debt to be collected.