credit card repayment Many young people now have credit cards. With a credit card, you can pay for shopping in the mall or spend money online. The consumption limit will be repaid before the repayment date next month, and no interest will be charged during the period.
credit card repayment taboo
1. Withdrawal and repayment. Some people can't afford to pay back because they spend too much on credit cards. At this time, these debtors may use the remaining amount of this credit card, or re-use the amount of a credit card to withdraw money.
it's not hard to see that debtors will use this way of robbing Peter to pay Paul to repay their debts. But everyone should know that this repayment method is not only easy to be reduced, but also bears high formalities and interest costs.
2. Minimum repayment. When it comes to the repayment date, many people will choose to use the minimum amount of repayment because they can't repay all the money they owe at one time. However, the daily interest of this method is also a lot, about .5%.
Therefore, this repayment method still cannot effectively solve the repayment pressure of cardholders. Because of the increasing interest rate, by the time of final repayment, it may be more than the initial amount.
3. Withdrawal and repayment: It is very likely that the borrower will use the remaining credit limit of this credit card or use the amount of a credit card again to make withdrawal and repayment. This kind of repayment method is not only easy to be adjusted, but also needs to bear huge transaction procedures and interest expenses.
What is the impact of overdue credit cards
1. After overdue credit cards, there will be problems and bad information in the credit investigation of the parties concerned;
2. If the party concerned is not involved in a crime within the time limit, the party concerned shall bear civil liability. If the party concerned fails to repay the loan after being sued, it may be blacklisted;
3. If the overdue behavior of the parties is caused by malicious overdraft, and the overdue amount has reached the standard, they will be investigated for criminal responsibility, and the parties may go to jail.
What are the possible disadvantages of applying for a credit card
1. Cardholders develop bad consumption habits
Some cardholders start with a good credit card, but because the credit card costs a limited amount, cardholders don't feel that they are paying back the money when they spend it, so that users spend more and more money and swipe their cards. It was not until the repayment date that they reflected their excessive consumption. If bank credit card customers have been shopping in that way for a long time, it will lead to greater pressure on themselves to pay back the money, and it is likely to become a card slave.
2. Credit card users usually don't pay attention to the safety of using their cards, resulting in economic losses
There are often news about the theft of credit cards on the Internet. If the cardholder does not keep the credit card number, security code and password, the card may be stolen, causing economic losses to the cardholder.
3. Personal credit is affected due to overdue credit cards
After using credit cards, users should repay the arrears within the stipulated repayment period. In case of unexpected overdue, the bank will upload the overdue records of users to the central bank's credit system, which will leave a stain on the cardholder's personal credit. If personal credit is bad, buying a house or a car in the future may be affected.
Tips: When you use a credit card, you must repay it on time. If it is overdue, it will have a great impact on your credit.