Just like the question, what will happen in the end if you apply for a few more credit cards and keep repaying each other, with more and more debts owed? It must be that I can't afford to pay it back, all of them are overdue, and I'm stuck in the credit card abyss.

Why does this happen? Although the repayment date for each bank's credit card is different, if you owe a sum of money to Bank A's credit card, you can withdraw funds from Bank B's credit card and pay off Bank A's credit card. There are handling fees for cashing out. As time goes by, the handling fees increase and the amount owed increases, just like a snowball.

Jintou.com believes that the better outcome of this situation is that you raise funds from elsewhere and stop this snowball. Otherwise, it will be overdue, blacklisted, and become a black account. This is also what many people think of credit cards. Reason for fear.

Who is suitable for a credit card?

1. People who need funds in the near future;

2. People who need loans;

Among them, Jintou.com believes that self-discipline is the most important. Some people say that a loan can allow you to create a credit record and no longer be a "white account" of credit, which has reference value for future bank loans. But if If you don't repay the loan on time, it will be counterproductive to turn your "white account" into a "black account".

Who is not suitable for applying for a credit card?

Similarly, who are not suitable for credit cards? Jintou.com believes that people who have low self-control, cannot control their consumption desires, and have no ability to repay should not go through it. In this case, they will most likely fall into the abyss of credit cards and be unable to extricate themselves.

Everything has two sides, good and bad, and the same goes for credit cards. If used well, it will be more powerful than a tiger. If used poorly, it will lead to the devil in hell. Therefore, everyone has the idea of ??getting a credit card. When it comes to time, evaluate yourself first. In short, the thing is a good thing, the key depends on how you use it!

You will die miserably in the end. Everyone around me who has a card will die on the card. Credit card is a trap. You can use it temporarily, but you must not use it for consumption, because it will The money inside has to be repaid. Many people ignore this and often think that they can pay it back next month. Excessive consumption is a sin.

Finally, it’s time to turn around! If you don’t look back, you will be in prison!

If you have no source of income, you will eventually repay the debt and be charged by the bank, which will be recorded on your credit report. The bank will sue you and call your parents and relatives to ask you to pay back the money

Hello, this question depends on the specific situation, because all financing has costs and must be repaid. The funds raised can only be used for correct investment, not consumption!

(1) For those who are good at playing with capital, they must borrow the power of financing leverage to strengthen themselves. The easiest way is to apply for a few credit cards and pay them back and forth. The cost is the lowest and is suitable for processing. Entrepreneurs or ordinary counterattackers, as long as they master the correct operating ideas, there is absolutely no risk in playing with several credit cards. In the end, they can only make money!

(2) For people who don’t understand finance and use financing for consumption, playing with credit cards will only dig a hole for themselves in the end, and eventually lead to a whirlpool of debt!

(3) Finance is a double-edged sword. If you use it well, you will go to heaven; if you use it badly, you will go to hell. However, those who do not know how to use financial leverage can only stay where they are!

The specific situation must be determined according to your own actual situation. You cannot blindly follow the trend, especially in finance.

I personally suggest that you don’t flip the card. The so-called flipping the card is to withdraw the money from one card and pay it back to another card. If the cycle continues like this, as long as you have a good grasp of the billing date of each card, it will naturally be smooth. You don’t have to pay bank interest if you are overdue, but you will also have to bear the cost of swiping the card. If this continues for a long time, you can see from your transaction flow that you are paying back the card. The bank will usually lower your credit card limit first, so that Because your credit card limit becomes low, you will be unable to use the card to cash out normally and then transfer the card. In the future, a more serious problem may arise. You will find that the money you deposited in the credit card cannot be used out, and you will have to pay it back in the future. Money cannot be swiped by card.

When you are short of money, you are not far from being overdue. Sometimes the bank will advise you to make installments of the money you owe.

Reasonable use of credit cards is something every cardholder must do, because banks will not force you to apply for a credit card, nor will banks force you to make purchases. No matter how much or how little you consume, it is a debt you owe and you must repay it. When you cannot repay the money you owe, there will be a bad record on your bank credit record, which will prevent you from getting a loan in the future.

Consume rationally, don’t overdraw, do within your ability, and don’t deliberately pursue an excessively high quality of life.

Everything has two sides, especially credit cards. Some people use credit cards to become card slaves and end up in extremely pitiful circumstances, while others use credit cards to make their lives better. Let’s talk about myself. The total credit limit of all credit cards is about 600,000, and the monthly credit limit is 350,000. Credit cards make my life more bourgeois! To give a few examples, I sold a house a few years ago and needed a bank deposit of 700,000. I only had 200,000 in hand, which was far from enough. If I borrowed it from a friend, I would need to owe multiple favors, and if I borrowed it from a loan company, I would have to pay. The bridge fee of two points a month would cost 20,000 yuan in interest in two months. I chose to use a credit card without hesitation. The cost of using the funds was less than 5,000 yuan. Using credit cards will generate countless points. I have never spent a penny on drinks at Starbucks. All the kitchenware at home is from Zwilling. In addition, the CCB gas money can be used for free 400 yuan every month, and countless other things. benefit.

This is like a snowball, and it will get bigger and bigger. Therefore, for temporary emergencies, you can use the interest-free period of your credit card to turn over funds. However, when the snowball reaches a certain size, it must be melted and the monthly income will be used. Make up for it, and then the total debt gradually decreases each month, and that's it. Remember, when you need more credit cards to repay your debt or need to continuously increase your credit limit to turn over, it means that it is already very dangerous. This critical point must be grasped carefully.

Let’s increase revenue and reduce expenditure, and pay back the money as soon as possible. There is no pie in the sky. If you use bank money, the bank interest is also very high. This infinite loop method feels perfect, but once it is overdue and a bank cuts off your food, it will be like a domino effect, and you will instantly fall into the abyss.

If you can make money, you must be able to save it. Whether you open the news or various apps, they basically encourage you and me to consume, but they have never written about you that you should save some money for emergencies. I was like this when I was young. I saw a mobile phone being advertised as good, and everyone around me bought it. What should I do? , now 600 yuan is not worth it. In this process, I just enjoyed a little bit of vanity. The people around you have changed their mobile phones at least five or six times in the past few years, and no one remembers that you once made them jealous. Just take the mobile phone as an example! ! Don’t spend what you can to save money.

What will happen in the end? If there are no accidents, of course I will be unable to repay the loan, so I will have to use the loan to support the loan!

Hello, I am Brother Jin, a middle-aged man who knows a little about credit and insurance business. Regarding your question, my opinion is:

1. The behavior of charging multiple credit cards must be due to credit card cash-out. Cashing out by credit card is against relevant laws and regulations. Let’s not talk about the handling fees required for cashing out. Just talking about the risk of cashing out may directly face the bank’s reduction or card blocking. If this happens, do you think your bill can be reversed? Don't listen to those return software or POS machines that say they are absolutely safe. As a bank, your transaction location, time, amount, and consumption habits can all give you a customer portrait. Whether there is any cash-out behavior, the bank will know at a glance, but it will not bother to pay attention to you without triggering the system prompts.

2. Paying off a credit card with a credit card only delays your overdue payment with the cash-out fee, but does not reduce your actual debt. On the contrary, the credit card processing fee is deducted from the total credit card and the debt is increased. Without funds for repayment, debt will only get higher and higher. In this case, only reasonable planning and a fixed amount of money to repay credit card debt in the short term are feasible solutions. For example, if the total debt is 100,000 yuan, and the handling fee for transferring the card every month is 1,000 yuan, then set a rule for yourself to find a way to deposit 3,000 yuan every month as repayment. Only in this way can you reduce your debt over time.

3. Regarding using loans to support loans, Brother Jin has come into contact with many people who use loans to support loans. In addition to those who have failed to start a business or gamble, many of these people have failed to pay back credit cards or small installments such as Huabei borrows, so they think about whether to borrow tens of thousands of yuan to make a debt settlement. How to put it, the idea is right, summarize debts for easy management. But the premise is that you must find a bank-based consumer loan, taking into account comprehensive considerations: personal repayment ability, capital planning, and whether the comprehensive interest rate is lower than your credit card cashout? Wait for the question. At the same time, you should change your consumption habits and avoid impulsive consumption. Before swiping a credit card, consider your repayment ability. Otherwise, even if you solve the problem with a loan, you will only be taking the first step in using a loan to support the loan.

Finally, I am Brother Jin, I hope my answer can help you a little bit. Only true repayments will help reduce your debt. Increasing revenue and reducing expenditure is the most important thing you should do right now!