Credit card agency is still a common financial service on the market, and the installment service fee of credit card agency is generally lower than the credit card installment service fee launched by the bank, so many credit card bills cannot be paid off. Users now also choose to return their credit cards through the credit card repayment platform, and then return the funds to the credit card repayment platform in installments later. Huanbei is a credit card repayment platform that is quite popular among users. So is Huanbei platform reliable? What are the risks involved in paying off a credit card through Payback?

Huanbei is a small loan company launched by the listed company Focus Media. It is affiliated to Chongqing Focus Small Loan Co., Ltd. and is a loan platform holding a financial loan license. The platform belongs to a regular army, and according to Huanbei’s introduction, its loan sources are mainly banks and various formal licensed financial institutions. Therefore, Huanbei is relatively reliable and formal. When users need capital turnover, You can apply for a loan through Huabei.

Although the interest rate of Huanbei repayment credit card is low, there are still certain risks. First of all, after repaying the loan, if you do not repay the loan on time, you will have a credit report like the bank. In addition, use Huanbei to repay the credit card. The loan may be subject to risk control by the bank.

For credit card installment repayment, banks can earn commission income from cardholders, but if a platform with lower installment fees emerges and thereby cuts off the bank's income, the bank will definitely not They will sit back and do nothing. After all, if they are allowed to develop, all users will repay their credit cards through third-party platforms in the future, and the bank will not get any credit card revenue. For banks, it is not particularly meaningful to issue credit cards, so now many Users are also controlling credit card returns.