1. Does prepayment by credit card affect credit reporting?

Paying off in advance by installments will not affect the credit investigation. After all, you just want to return it early, not refuse to return it.

However, the benefits of prepayment by installment are very weak in the face of disadvantages. If you want to pay back the money once or twice in advance, that's all right. Just pay back the money directly. If it is paid off in advance, you have to apply to customer service. I suggest you think about why you should return it in advance.

Do you think that now that you have money, you should settle it all early to avoid keeping it in mind? Or is it because you have a large installment amount, for example, you only paid less than half of the initial allocation of 20,000 yuan, and the remaining 1 10,000 yuan can't be consumed by yourself, so it is not convenient to occupy the quota and you want to release it?

Whatever the reason, we should understand that banks are very profitable. Before repaying in advance, you should know about the handling fee.

2. Is there a handling fee for prepayment by credit card installment?

There is still a difference between paying back in advance in installments and paying back in advance in full. The former requires you to pay an integral multiple of the principal in each installment, and there is no extra handling fee. The latter is to pay off the remaining arrears and handling fees at one time, and even pay extra fees.

Although your consciousness of paying off debts in advance has made banks collect debts in advance, it has been agreed in stages, whether to terminate the contract in advance or breach the contract, so many banks have to charge a handling fee. Take China Merchants Bank as an example. In addition to the original part, you have to pay a penalty of about 3%.

This 3% means that if you have the principal of 1 000 yuan to repay in advance, you will have to pay the handling fee of 300 yuan, calculated in proportion. But not all banks have extra handling fees, just like some banks charge installment interest at one time and some banks charge installment interest at the same amount.

So how to calculate the principal interest of prepayment, regardless of liquidated damages?

3. How to calculate the prepayment interest for credit card installment repayment?

No matter which bank's installment service, no matter what your total installment interest is, you have paid off all the installments, or you have paid off a part of each installment. You just need to remember the following two points:

1. Interest paid is non-refundable.

The installment interest you paid has been credited to the bank, and the bank will not refund it to you whether you pay it off in advance or because you need money because of bankruptcy. There is no special reason why the money you put in will not be returned to you. This is a small shortcoming of staging.

2. The remaining handling fee shall be paid.

If you pay the principal of 20,000 yuan in installments by 10, you will also pay the handling fee of 150 yuan in addition to the monthly principal of 2,000 yuan. Half of it has been paid back now, so we have to pay it off in advance, and the remaining five fees have to be paid to 750 yuan.

It can be seen that prepayment by installment has many disadvantages, which not only can't help you save money, but also may make you pay bank liquidated damages, which is very uneconomical.

Don't panic if the arrears are overdue. Legal aid will be used to negotiate, and professional team lawyers will plan the repayment plan for you.