Xiaotongbidong is a scammer. They will not repay the money they deducted, and they ignored the phone calls and customer service.
This is a scam. The credit card money was deducted, but there was no actual money. I'll pay you back, but it can't be terminated early. I used the POS machine to wipe out all the credit cards to prevent further deductions. Fortunately, I only lost a few hundred yuan
Is it okay to use a credit card to get a loan?
Credit card loans are currently a normal function of the card. If you can repay the loan in time and you really need it, you can consider using this function.
If you have a China Merchants Bank credit card and log in to the Palm Life APP, click "Card. Finance" - "I want to borrow money". The details will be subject to the review results.
How to use Xiaotongbidong
Xiaotongbidong has two functions, one is credit card reimbursement, and the other is loan function. If you want to help pay off a credit card, click "Apply", choose to add a credit card, and complete the verification prompted later; if you want a loan, click "Borrowing", select any loan product, and click "Loan".
Xiaotongbidong requires you to be over 18 years old, have a credit card in your name, and have a valid ID card. Application materials: identity information, personal information, bound bank card, Sesame Credit, mobile phone operator.
What kind of loan platform is Credit Card Loan?
Credit card loan is actually an online loan platform for advance consumption, such as
1. Tiqianhua
Tiqianhua is an online platform for consumer finance in Zhongyuan. If you have a good credit card usage record, you can try the loan platform. The loan limit for Qianqianhua can reach 200,000 yuan, and online applications are available 24/7.
2. Ping An i Loan
The fastest review time is 3 minutes. The results can be reviewed immediately after submitting the application. The daily interest rate of Ping An i Loan is approximately 0.05%, and each person’s qualifications are slightly There are differences. As long as you are over 18 years old, have a stable job with a salary of more than 3,000 yuan, have worked for at least 6 months, and have a good credit report.
3. Xiaomi Loan
Xiaomi Finance’s small loan product can lend up to 200,000. You only need to install the Xiaomi Loan mobile APP and verify your personal information to apply. Some users may Without authority, the daily expected annualized interest rate is 0.05%, with interest calculated on a daily basis and monthly repayments in equal amounts of principal and interest.
Interest refers to the remuneration that currency holders (creditors) receive from borrowers (debtors) for lending currency or monetary capital. Including interest on deposits, loans and various bonds. Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.
Definition:
1. Money other than principal received from deposits and loans (different from ‘principal’).
2. Interest (interest), in abstract terms, refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. To put it less abstractly, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for the use of borrowed currency or capital. Also called sub-gold, the symmetry of the parent fund (principal). The formula for calculating interest is: Interest = Principal × Interest Rate × Deposit Term (that is, time).
Interest is the remuneration received by the owner of the funds for lending the funds. It comes from a part of the profits generated by the producers using the funds to perform operational functions. It refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. The calculation formula is: interest = principal × interest rate × deposit period x 100%
3. Classification of bank interest< /p>
According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.
What does Xiaotongbidong mean by repaying a credit card on behalf of a credit card?
Xiaotongbidong is a loan credit card product. Its repayment principle is that the user first reserves a certain amount in the credit card. amount, such as installment fees. Then, after deducting the handling fee, the amount received by Xiaotongbidong will be used to return the current bill. After the bill is settled, Xiaotongbidong will make a deduction.
If you want to repay Xiaotong Coin, users can choose a one-time automatic deduction or active repayment on the repayment date. The repayment date can be queried through the loan record. Please note that repayment after the repayment date will be counted as overdue repayment.
The current open quota of Xiaotong Coindong is 500-1,000 yuan, and the usage period is 10 days.
Xiaotongbidong application conditions: Must be over 18 years old, have a credit card in your name, and have a valid ID card. Application materials: identity information, personal information, bound bank card, Sesame Credit, mobile phone operator.
Is this app for repaying credit card loans with ultra-low rates reliable?
"Chopping hands" made me feel happy for a while, and I shed tears when I paid back the money. With the arrival of "Double 11", credit consumption has reached a peak. What should I do if I have no money to repay my credit card when it expires? Recently, many APPs have appeared on the market for repaying credit card loans, claiming to be able to temporarily repay the loan when you have no money to repay it, and the rates are ultra-low. Is this type of APP reliable?
Rong Media Reporter Wang Shu
Citizen: No loan was issued after filling in the information
Recently, Mr. Wang, a citizen, was about to expire because his credit card loan was about to expire. Money was a little tight, so I thought about borrowing money through a mobile phone APP to temporarily repay the money. Unexpectedly, after filling in the mobile phone number, ID number, name and other information, the other party rejected his application for repayment. This made Mr. Wang very angry: "What about the promised three-minute loan and the promised lower handling fee than the bank? In the end, there is no limit. Isn't this a lie?"
Reporters searched online It was found that there are many apps that repay credit card loans, such as "Kakadai", "Wolaidai", etc. These apps basically claim "low rates", "high quotas" and "quick credit extension". In terms of rates, most of them offer a 30% discount on ordinary bank rates. In terms of terms, many APPs even claim that they can lend money in 3 minutes, which is very tempting.
Experience: The procedures are complex and the review is strict
So what procedures are required to repay a credit card loan? The reporter downloaded an APP to try it out. After successfully registering with his mobile phone number, he bound the credit card that needed to be repaid, and then filled in information such as ID card, name, home address, etc. as required. The other party directly refused because the information was incomplete. Application for repayment. Subsequently, the reporter tried to download another APP. The process of this software was more complicated. It not only required filling in materials, but also required facial recognition. After the reporter opened his mouth, blinked, and nodded according to the other party's request, the identification was finally successful. The system also asked for clear photos of the front and back of the ID card, etc. Due to the large number of steps, the reporter finally gave up the operation.
The reporter saw that the download reviews of these apps were more negative than positive. Some people said that they failed to pass after a long time; others said that they passed, but the amount was only 2,000 yuan, which was far from the advertised 50,000 yuan; there were also a small number of netizens who said that they got the loan, saying that the APP was indeed Relatively easy.
Relief of doubts: Credit reporting affects the loan amount
The industry insider also said that in fact, the loan amount and interest rate are also comprehensively evaluated based on various aspects of data, and different people will have different opinions. As a result, regardless of the low interest rates and high credit limits advertised by APPs, if they are actually operated, these APPs may not necessarily have more advantages than banks.
Opinion: The risk is high and it is recommended not to use it
Regarding this type of APP that repays credit card loans, Chen Yong, legal manager of Huaian Rural Commercial Bank, said that this is essentially a small amount Online lending is just that the borrowed money is used to repay the credit card loan first and then repay it in installments. During the process of filling in information, users may face the risk of information leakage. "Mobile phone number, name, avatar, ID number, bank, etc., are all a person's core information. If this information is mastered by the other party, it is difficult to ensure that the other party has strict confidentiality measures."
Chen Yong said that there used to be many such online small loan companies, but since the second half of 2018, the state has strengthened supervision of such companies, requiring them to be approved by the China Banking and Insurance Regulatory Commission. The mixed situation in the online loan market has been effectively alleviated, and financial risks have been effectively alleviated. dropped significantly. After my country implemented the LPR interest rate in 2019, in order to support the development of the real economy, major commercial banks continued to lower loan interest rates. Some banks also launched their own financial investment companies and launched small loan products with lower interest rates, which further compressed the online small loan market. loan company’s living space.
Chen Yong believes that since the risks are uncontrollable and the interest rate advantage is no longer available, when citizens are in urgent need of economic turnover, it is best not to try online loans, and it is recommended to choose regular commercial banks for borrowing.
This concludes the introduction to Bidong Credit Card Loan and a platform called Credit Card Loan. Have you found the information you need?