According to the statistics of overdue credit cards at the end of the third quarter of 20 18, the total overdue amount has reached 88.098 billion, and the number is still increasing. Credit card consumption is also a popular way of consumption. With the increase of consumption quota, credit card has gradually become a major payment method. Credit cards constantly stimulate cardholders' consumption by using their own characteristics, which makes more and more cardholders unable to repay in time or overdue due to excessive consumption. In this context, the credit card repayment platform has emerged, specifically to solve the repayment problem for cardholders. Credit card repayment business seems to help cardholders, but how does it actually make money?

Let's first look at the operating modes of credit card repayment, namely cash loan, platform repayment and credit card cashing. The remaining amount in the card used to cash out the loan can be postponed to the next period in disguise by repeatedly operating the repayment cycle during the interest-free period, so as to achieve the purpose of repayment. The platform agent also uses the platform to repay, and the platform will charge a certain fee. Cashing is to cash out the credit card bill with another credit card, and only one POS machine is needed in the middle.

The interest rate of credit card repayment varies from platform to platform. The general installment rate ranges from 0.59% ~ 0.68% for monthly installment to 0.72% ~ 0.83% for March installment, which is not cheap compared with credit card installment. It is illegal to return credit cards. If the credit card is used for a long time, if it is found by the bank, it will be reduced or blocked.