Does having a credit card mean you have credit? Why?

Answer: This question should be discussed in two parts. First, does the word "credit" refer to personal behavior or credit?

If it is the former, many people have never held a credit card, whether because of inability or lack of interest! He can be a person who keeps his promises and keeps his promises! Whether you have credit or not has no direct relationship with whether you hold a credit card!

Assuming it is the latter, let’s discuss it from an economic perspective only! In theory, people who hold credit cards are indeed "creditworthy" in terms of financial integrity! This was especially true in the early days of the popularity of credit cards. At that time, to hold a credit card, you really had to "pass five hurdles and defeat six generals" before you had a chance! It also requires a high salary and a guaranteed salary, and it also requires someone to introduce it, and there are many difficulties when applying! So those who could hold a credit card at that time were really a symbol of creditworthiness! However, as banks lower their approval standards in order to compete for the credit card market, the word "credit" has greatly devalued!

In fact, basically those who can hold a credit card (excluding supplementary cards) have a certain foundation in work and income, and their repayment situation is basically relatively stable! Of course, the bank can only rely on numbers and basic information when considering his "credit", and cannot judge his personal integrity and responsible attitude!

What is the relationship between credit cards and bankruptcy?

Answer: Credit cards are just one of the loan tools! People who need to go bankrupt naturally have financial problems. Since their finances are under pressure, they will naturally have to take out loans! This is where credit cards, a convenient borrowing tool, come in handy! Therefore, the rate of bankrupts also using credit cards is quite high!

Of course, there are also some people who consume or shop excessively due to lack of self-control! As a result, the debt amount is getting higher and higher, which is beyond what I can bear! As a result, he ended up bankrupt even though he was unable to repay the debt!

There are also some people who are able to live within their means, but due to certain reasons, such as unemployment, family expenses, urgent medical expenses, etc.! I had no choice but to overdraw my credit card to quench my thirst! Unfortunately, the financial situation could not return to normal in a short period of time. It was still unable to support itself under the huge pressure of credit card interest, and the only end was bankruptcy! ,Reference: cecimak’s experience and understanding as a former bankrupt! , the problem of the number of bank low-interest loan cash flow cards

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