Credit card arrears have been unable to repay? Avoid these five kinds of thunder points, do so, get rid of the sea!
Editor: PomegranateSource: PomegranateDate: 2018-11-08
In the case of stable household income, appropriate liabilities should and should be maintained. The relatively healthy family financial structure should be the coexistence of assets and liabilities, of which the debt ratio is within the acceptable range of 30%-50%. Moderate debt is conducive to a greater activation of the currency "leverage effect" and more gains.
However, if the debt seriously exceeds the income level, it is more dangerous. If you are not careful, you may be trapped in debt and you will not be able to lift it.
“How do you pay off 200,000 credit card debts when you enter 3000?
Pomegranate often sees titles like this. It used to be considered a gimmick from the media, but after more people contacted, Pomegranate learned that friends whose income is not high but bear hundreds of thousands of card debts are really not. few.
A friend told Pomegranate that he was due to hundreds of thousands of card debts owed by business failure. The income insecurity caused the card debts to be unliquidated and has been profiting. Some friends also said that they were owed a high amount of card debt because of gambling and gambling, and the pressure on debt was also very large.
No matter what the reason is in the "card slave" situation, how to pay off the debt as soon as possible, get rid of the debt shackles, is the issue that everyone is most concerned about.
Here are a few common mistakes.
Wrong way 1: Repayment according to the minimum repayment amount
In the case that the cardholder cannot repay the loan in full, the bank allows the cardholder to repay the minimum repayment amount, and the minimum repayment amount is generally about 10% of the full amount of the bill. As long as the minimum repayment amount is still paid, it is not overdue. This sounds beautiful, but it is tantamount to chronic poison.
Although it is not overdue, the repayment according to the minimum repayment amount will generate interest, and the uniform daily interest rate of each bank (except for individual card types) will be compounded monthly. The bank bargains that the cardholders are repaying the minimum repayment amount, which is good for interest. It should be noted that most Chinese cardholders are conservative and cautious, preferring full repayment, resulting in banks not receiving interest, and banks are complaining again and again. For those cardholders who cannot fully repay at a time, repayment according to the minimum repayment amount is the best policy in the next policy.
In addition, if the repayment is often made according to the minimum repayment amount, in the bank's view, such cardholder income level does not match the overdraft consumption habit. In order to control the risk, not only will you not be able to raise the amount, but may even derate it.
Wrong way two: keep staging
Another common way to repay is to repay in installments. Banks all claim to have zero interest in installments, but the installment repayment business has a fee, and the handling fee is equivalent to interest.
Before Pomegranate Jun, I have calculated it for you. The credit card installment fee is converted into the actual annual interest rate is not low, generally more than 10%, and some even as high as 13%-16%.
For some young friends, they have a strong desire for consumption, and lack of self-control, easy to advance consumption, often apply for staged business, will "hidden" part of the debt, more likely to promote advanced consumption, so it is also dangerous Sexual.
Wrong way three: credit card cash
Credit card cashing is also the "card repayment card", of course, is illegal or even illegal. The general handling fee for machines on the market is 0.6%-0.65%, or even higher. The cash out of the cash can be used for up to 50 days - 56 days without interest, and it will be repaid when it expires.
Many cardholders can't repay their money on time, and they need to cash out the other credit cards to make up the hole. Then they have to pay 0.6%-0.65% of the fee. By analogy, each interest-free period must bear the first. Second handling fee.
In addition, once the credit card cash is recognized by the bank, the credit card will be deducted, and the legal responsibility will be pursued.
If the cardholder is suspected of credit card fraud, if the amount is large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, it shall be more than five years. The term of imprisonment is not more than 5,000 yuan and is punishable by a fine of not less than 50,000 yuan but not more than 500,000 yuan. If the amount is particularly large or there are other particularly serious circumstances, it shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall be 50,000 yuan to 500,000 yuan. Fines or confiscation of property.
Wrong way four: using high interest debt to offset the card debt
Some cardholders will lend out the amount of products such as defamation and micro-credit, and repay the credit card debt.
First of all, the rates of products such as borrowing and micro-credit are not lower than credit cards, and the process of cashing may also add a “handling fee”. At the same time, these businesses are also subject to the same credit, cash or other improper use behaviors are identified, the same de-deductible, sealed amount of treatment, leaving behind misdeeds, affecting other lending business in the future.
Some cardholders are a little sick and rushed to pay for medical treatment, borrowing high-interest debt to pay back the card debt, because high-interest debt is often easier to pay, such as the well-known P2P online loans, cash loans and so on. In addition to high interest rates and high fees, it is often accompanied by violent collections.
If the repayment of the minimum repayment amount is a chronic poison, then the way of repaying the high-interest bond is highly toxic.
Wrong Practice 5: Escape
There is also a practice of not paying back the arrears and going out to do "old Lai". Doing so is equivalent to directly severing possible chances of a turnaround. Regardless of whether "Lao Lai" is restricted to high consumption, can not fly, high-speed rail, etc., a single blacklist of credit information, the inability to apply for a loan has a considerable impact. Losing the loan eligibility, credit bankruptcy, want to turn over, can it be so easy?
In addition, if the circumstances of the credit card arrears are serious, the bank will pursue legal responsibility after the collection is unsuccessful.
The above practices need to be avoided. For those friends who are already stuck in the card debt, Pomegranate has the following suggestions:
(1) Low-interest debt instead of high-interest debt
The credit card rates of foreign card issuers vary widely, and the cost of debt can be reduced by transferring high-interest card debts to low-interest cards. However, the credit rate of domestic banks, especially overdue interest, is basically the same, and the transfer is meaningless. Fortunately, the domestic credit card compensation business is very prosperous, you can use this business to reduce debt costs.
At the time of processing, it is necessary to compare the rates given by the compensation agencies horizontally, select the lower rate, and pay attention to the cost of other business services.
Another way is to concentrate the card debt on the credit card with the lowest installment rate, such as ICBC credit card, and then centrally handle the installment, which can also reduce the debt cost to a certain extent.
(2) Interest-free loans to offset credit card debts
The best way is to borrow money from relatives and friends. This kind of debt is usually without interest. In the face of huge debts, "face" is not that important, and it is most important to pay off debts at an early date. If you can borrow money without interest, you can save a lot of debt costs.
(3) Control expenses and increase income
From breaking into luxury, you will not be underestimated by the meaning of frugality. In the case of carrying huge debts, only reducing their own consumption needs and paying off their debts as soon as possible is the only correct way to get rid of the card slave status. If you can find ways to increase your income, you can speed up the process of debt repayment.
Here, Pomegranate wants to open the "One Friend" series. To mention a friend at the university, it is a girl.
The girl herself loves to spend money, but family conditions are general. In order to satisfy her desire to spend money, when the bank came to the university dormitory to sell credit cards, she decisively did. After that, it was very cool to open the rhythm of buying and buying. On the monthly repayment date, she usually only has the minimum repayment amount, which can be staged in stages. For almost a year, the debt figures were so high that she didn't dare to look at it.
Near graduation, she received an admission letter from a foreign university. The scholarship was very small, and the family could help her to pay for studying abroad. She is embarrassed to let her family pay for her card debt. In the two months after graduation, she suddenly realized that she began to save money. She never even worked to find a few tutors. It is difficult for students to see her again. She spent two months, almost paying off nearly a year of card debt, very embarrassing. It can be seen that the potential of human beings is infinite. What is lacking is just the determination to not want to be a card slave.
Finally, I hope that friends who are riddled with card debts can get rid of shackles as soon as possible!
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