When applying for a credit card, the bank will conduct a comprehensive evaluation of the user, and then decide whether to approve the card and the amount of the card based on the evaluation results. Among them, the debt ratio is a very important measurement standard, so many users will find ways to reduce the debt ratio before applying for a card. So how do credit cards reduce debt?

How do credit cards reduce debt?

1. Stop lending. For credit card application platforms, it is taboo for users to have too many online loans or private lending products. The most direct manifestation is that users have difficulties in capital turnover. If the bank agrees to approve the card, there may be subsequent unsatisfactory payments. The situation of outstanding debts. Therefore, if users want to apply for a credit card, they must stop their borrowing behavior and ensure that their debt ratio does not exceed the requirements.

2. Pay off the debt in advance. 0 bills are very effective. Everyone should pay off their credit card bills in advance before the bill day comes. In this way, the current bill amount will be displayed as 0. This can effectively reduce debt. This situation is very helpful for the user’s subsequent card application results.

3. Handle installments appropriately. If users had applied for cash installments in the past, liabilities such as principal and handling fees would be displayed on the old version of the credit report. However, the new version of the credit report will display the entire loan amount. Therefore, if users want to use installments to hide debts, they can only try it, but there is not much hope. Users should pay attention to the frequency when choosing installments, and should not use installments excessively. This will arouse the suspicion of the bank, thinking that the user's repayment ability is doubtful, and thus the card will be rejected.

4. Submit proof of sufficient financial resources. Although banks attach great importance to users' debt status, they also care about the user's financial strength. If the user can submit sufficient proof of financial resources when applying for a card and prove that he has a strong repayment ability, the card application may be successful.

Therefore, users with high debt ratios should reduce their debt ratios by stopping borrowing, paying off bills in advance, or applying for installments appropriately. As long as the user's debt ratio is not high and their qualifications meet the bank's requirements, With good comprehensive qualifications, you are likely to succeed in applying for a card.