1. What is credit card installment? Credit card installment means that the bank pays the merchant in one lump sum, and then the cardholder repays the bank in batches. This payment method reduces the pressure on cardholders, which is equivalent to delaying consumer spending by paying monthly. From the perspective of financial management, this method is still very good. At present, many banks provide interest-free services for cardholders for six months, which can promote cardholders to better arrange cash expenditures and avoid financial pressure on cardholders. Staging can improve the credit of credit cards, increase the balance and provide better services for cardholders.
Second, borrowing and credit reporting Many people know that borrowing cannot be overdue, and borrowing is directly linked to personal credit reporting. There is also a popular saying that the borrower's every move is under the supervision of credit reporting. Nowadays, many people still regard borrowing money as temporary working capital, thinking of returning it in time next month. Moreover, frequent use of loans will also affect personal credit information. If you want to borrow money to buy a house or a car, remember not to have any overdue behavior.
Third, two kinds of credit cards and loans are popular among young people now, but which is better? Credit cards are free of interest. The loan bears daily interest, and the interest rate range is 0.0 15% ~ 0.065%, which will be evaluated according to the comprehensive score of users. Credit card cash installment fee is 0.75%/ period. Therefore, it is not difficult to see that it is indeed cost-effective to apply for a loan, but you still have to choose independently according to your own economic conditions. If the loan amount is not high, you can still choose a credit card to repay in time. Because if you use a loan and can't change it carelessly, your personal credit will also be affected and you will be hindered in handling other financial businesses.