Current location - Trademark Inquiry Complete Network - Overdue credit card - Why are there more and more credit card arrears?
Why are there more and more credit card arrears?
1. If the credit card is overdue, penalty interest, late payment fee, liquidated damages, etc. Will be charged, and the more you owe, the more you owe. Under normal circumstances, there are several reasons to increase the cost of our credit card arrears:

2. First, withdraw cash.

3. There is no interest-free period, and the existing handling fee is taken. The original intention of credit card manufacturing is to let people spend money by swiping their cards, rather than withdrawing cash, so the cost of withdrawing cash is very high.

4. Second, put the money into the credit card.

Credit card is different from savings card. It is unwise to deposit money in a credit card. Not only is there no interest, but you also need to pay a handling fee if you want to withdraw cash.

6. Third, invest a lot of cash.

7. Investment is risky, especially the money cashed by credit card, which is even more risky. Opportunism often leads to the consequences of "losing the wife and losing the soldiers" and "stealing the chicken and wasting the rice". It is unwise to cash out your credit card investment, so be careful not to be trapped.

8. Fourth, credit card repayment is not timely.

9, credit card repayment must be timely, otherwise the interest, liquidated damages, handling fees and other expenses will be enough for you to owe more and more.

For more information about why credit card arrears are increasing, please visit:/ask/a2306a1616093072.html? Zd view more content