It may be because the repayment is overdue and the late payment fee is very high. Tell you in detail:

If the credit card is overdue, penalty interest, late payment fee and liquidated damages will be charged. , and will owe more and more. In general, there are several reasons to increase the cost of our credit card arrears.

I. Withdrawal of cash

There is no interest-free period, and the existing handling fee is taken. The original intention of credit card manufacturing is to make people swipe their cards instead of withdrawing cash, so the cost of withdrawing cash is very high.

Second, save money in a credit card.

Credit cards are different from savings cards. 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.

Third, invest a lot of cash.

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.

Fourth, credit card repayment is not timely.

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

In addition, add some key repayment concepts:

1, interest free. Many banks claim to be interest-free for up to 50 days, but as long as you pay back one day late, you have to calculate the interest according to the total time, that is, 5 1 day, plus a 5% late fee. Of course, this interest-free period has no effect on those who repay on time, but who can guarantee that they will repay on time every month? It is not incomprehensible to forget or lack money occasionally, and it is a few days overdue. Especially in China, there are so many card users, and there are not a few people who are overdue every day. Of course, every bank usually has a three-day grace period. More than three days, you can credit. However, as long as the overdue time is not too long, if the arrears and interest expenses are made up afterwards, it will generally not have an impact. However, even if 1 day is overdue, the interest rate is scary. Not only the interest of 5 1 day is calculated, but also the late payment fee of 5% is charged. If the repayment pressure is not too great, return it as soon as possible. After all, it is also a big expense for ordinary card users.

2. Minimum repayment amount. The bank calculates interest according to the total amount that should be repaid. Suppose you spent 1000 1 yuan, but only paid back 10000 yuan, so I'm sorry, if you only owe 1 yuan, you have to pay interest according to the total amount of 1000 1 yuan. Many people will choose the minimum payment if they don't pay the full amount this month. But what these people don't know is that the interest rate of the minimum repayment amount is so high that even if you repay part of it, you will still calculate the interest rate according to the full amount. And these interests will accumulate until next month. If the minimum repayment amount is paid next month, it will continue to be calculated at the full interest rate, and then you will owe more and more. The extra money will not be noticed at all.

3. Installment fee. We often receive bank text messages or phone calls, and the bank will advise you to pay back in 0/2 months. And claimed that the monthly handling fee was as low as 0.56%. If you think the annualized interest rate is the monthly handling fee of X 12, congratulations on your return to into the pit. Although you pay interest every month, the bank will still calculate the interest on all the principal. This principle is the same as the minimum repayment above. If you can't calculate the installment fee, I'll teach you a simple formula: annualized interest rate = monthly fee rate X 12X2, so the overall interest is basically higher than 12%, or even as high as 20%. Why X2? Because of compound interest, the monthly interest is calculated according to the principal. Can it be less? How can the bank kindly recommend your repayment method to save interest? Of course, a profitable salesman will call you!

Why do you feel more credit cards? What if there is too much credit card money?

With the development of bank credit card business, credit card has become a very common product, and almost every young person has a credit card. However, in the process of using credit cards, many users have raised questions: Why do you feel that there are more and more credit cards? What if there is too much credit card money?

Why do you feel more credit cards?

Some cardholders think that the reason for more credit cards is "interest". Credit cards, whether by installment or cash withdrawal, need to charge the cardholder a certain interest fee. When using credit cards, many cardholders find that they can't pay all the bills next month, so they choose to pay by installments.

After the cardholder chooses installment, the monthly repayment amount may be only a few hundred yuan. In this case, the cardholder can choose to spend in advance by swiping the card, and then choose installment again on the repayment date next month.

After such a long time, cardholders will find that even if they don't use credit cards every month, they have to bear certain repayment pressure and bear certain interest expenses every month. When the cardholder's income is relatively fixed, the credit card can be paid clearly, but other expenses in life may not be enough, so the cardholder can only choose the credit card, so the vicious circle goes on.

What if there is too much credit card money?

Cardholders can choose to do some or sideline business to increase their income, and try to ensure that they will not use credit cards when paying off the bills of the month. Or the cardholder can choose to ask relatives and friends for help, borrow a sum of money to pay off the credit card bill, and then slowly pay back the money from relatives and friends.

The above is "Why do you feel more credit cards?" I hope I can help you!

The more credit card arrears, the bigger the hole. How can we get out of this hole?

To tell the truth, the more credit card arrears, the bigger the hole, and it is difficult to get out of the hole. It is difficult, but it is not impossible. To get out of the pit, I think we can start from the following five aspects:

0 1, specify the source and total amount of debt. Be sure to know how the credit card owes so much money, whether it is a failure of consumption or investment. If you don't know how you owe so much money, it will be difficult for you to pay it off in the future.

If you know how you owe, don't artificially expand this amount. For example, if it is caused by excessive consumption, then tighten your hands and don't overspend. If an investment project fails to start a business, such as starting a company, first look at whether the project or company is profitable. Don't be persistent, and don't say persistence is victory. Sometimes persistence is stubbornness. Cut off the project quickly to avoid increasing losses.

02, find out the cost of maintaining arrears. That is, how much money do you need to turn over if you want to overdue every month, and how much it costs to swipe your card. This is very important, and it is very important for you to continue to repay the loan in the future.

For example, you owe 500 thousand. If you use the credit card tool to make a revolving repayment, in theory, you need 3,000 yuan per month, which is increased and decreased with your income. If you can bear the cost of credit card and earn a little surplus, you can still maintain it in theory, otherwise it won't work.

03, looking for family redemption and paying off debts quickly. After calculation, your income can not maintain the cost of credit card, and your income has not increased significantly in the short term. At this time, you should explain the situation clearly to your family and pay off the arrears quickly through the help of your family. Otherwise, relying on our own strength will only make this hole bigger and bigger.

If you don't have this right at home, at this time you need to see if there are any assets under your name that can be sold, and get funds quickly by selling assets to repay the arrears.

04, open source and reduce expenditure, increase income. Although I know it's really difficult, this is the root. Without income, how to pay off debts, income is greater than expenditure? How to do it specifically varies from person to person.

05. If the above four items are invalid, voluntarily terminate the repayment technically. This is a mature performance of recognizing the facts, and it is also a helpless move. Don't think that credit information will get worse at this time. Your first task is to live and keep healthy in order to make a comeback.

Of course, the technical termination of repayment does not mean that you will not repay, but only temporarily suspend repayment, because you have paid it back in vain and it has no substantive significance. At this time, it is necessary to sort out the credit cards in your hands. For credit cards with debts of more than 50,000 yuan, the arrears will be reduced to less than 50,000 yuan through partial repayment. This is to prevent the bank from reporting the case to the public security at a later stage, because the threshold for filing a credit card crime is that the debt exceeds 50,000 yuan.

After that, work hard, earn money, save enough money owed by a credit card, call the bank, apply for repayment, and ask for relief of various interest liquidated damages, and so on until it is paid off. Of course, among them, the bank will call for money, and you just need to answer the phone and show your attitude and situation.

In fact, credit card is a good thing, but users lack basic financial quotient and are too optimistic about their future, which leads to heavy debts. Before using credit card to spend or invest, think about the worst case and what to do if it doesn't meet expectations.

The scientific use of credit card limit should follow the 72 1 rule, that is, 70% of the long-term use limit, 20% of the limit is used for revolving repayment, and 10% remains in the card. However, many people often brush the credit limit as soon as they get the credit card, and never think about what to do once they can't pay it back.

It is not difficult to make a good credit card. You only need to remember three points: risk control, financing and investment. It's a little difficult to understand these terms.

Risk control, you can understand that everything is not good, that is, the money brushed out has not come in according to the established expected time. What should I do? This is risk control.

Financing, you can understand that your credit card limit can maintain steady growth for a long time. Investment means whether the money you swipe from your credit card can generate income, even if it is consumption, but whether your income can be covered is a big problem.

In a word, credit card is a financial tool. If you want to play, you must learn some basic financial quotient, otherwise the credit card will play with you. If you can't understand and use the credit card scientifically, you will fall into the big hole of the credit card sooner or later.

In the credit society, everyone has several credit cards. When using a credit card, it feels like it's all over the world. I am "Ka Shen"! Inadvertently, when it comes to repayment, you will find that the pressure is great, and the "card god" becomes a "card slave".

0 1 The story about me turned into a miserable life of Kanu.

I was once caught in a credit card crisis.

It was still 20 15. I've only been working for a few years. Seeing that all my friends around me use credit cards, sometimes they catch up with credit card activities, and the discount is not small, and they can save points, so they took the initiative to apply for a credit card from the bank.

It wasn't long before I had several credit cards. It feels really good to swipe a credit card, because there is an interest-free use period and you don't have to pay for things immediately, so you often feel very free to buy things. Before, I needed to weigh what I should buy. As soon as I swiped my credit card, I bought it without hesitation.

Even more frightening, I later found a way to cash out my credit card. Looking back and forth through two or three credit cards, I can get a sum of money that can be used for a long time from the credit card, which makes my consumption expenditure even more uncontrollable.

20 15, the stock market rose. At that time, I thought, why not use the "cash" in the bank to make some money in the stock market? As a result, tens of thousands of dollars were invested in the stock market, and the stock market crashed in the blink of an eye, and the situation was tragic.

Not long after I got a credit card, I found myself in deep debt crisis. Consumer desire expands, stock market investment fails, and credit cards are owed more and more.

Before long, several credit cards were stuck, sometimes even overdue. Using a credit card is no longer beautiful. I changed from a "god" to a "slave", which made me panic when I first entered the workplace.

02 "Kanu" comeback strategy

Credit card debt is like a snowball, rolling bigger and bigger. Sometimes, if the credit card is overdue, it will be charged with some late fees and interest, which will further aggravate the debt.

At that time, I thought, escape is not the way, credit card money can not escape, can not wait for the bank to find you, and then solve it, it will be very passive.

As a last resort, I choose to face up to these debts, find a time, sit at my desk, carefully analyze my debts, calculate how much money I owe, set a goal and make a planned repayment.

I haven't used a credit card for a long time, and the debt situation is very chaotic. Several credit cards are in arrears, and some of them are overdue. After calculation, the overdue interest actually reaches 18%.

I simply classified my credit card debts and sorted them according to the time sequence of repayment. In order to facilitate calculation, I gradually concentrated my debts on three credit cards, and the remaining credit cards were gradually cancelled.

As a newcomer in the workplace, it is difficult for me to pay off my debts at one time with my salary.

On second thought, I still have to ask my family for help. Although it is embarrassing to borrow money from family members, you will be scolded, but if the hole in the credit card is not blocked, it will only be more and more owed, and then it will be more difficult to clean up.

So, I admitted my mistake to my parents, borrowed 30 thousand yuan to repay the most urgent credit card loan, and left some long-term preparations for my own struggle.

Of course, I must admit that I am lucky. My family has the ability to give me some help. What if there are no loan conditions?

In my opinion, if you can't borrow money, you should extend the repayment period of your credit card instead of waiting for a late fee. Before installment payment, first understand the policies of various banks and find the bank with the cheapest installment interest rate.

And how many stages are also learned. You can't extend the repayment period for too long, so the interest burden is heavy, and you can't shrink it too short, which exceeds your monthly salary repayment ability. Generally speaking, it is very reluctant to spend 50% of your monthly income on repayment.

It is a pleasure to brush the card for a while, and it takes two lines of tears. You must have a process of accepting credit card repayment in your mind, so as not to be impatient and get into other troubles.

There is a simple reason. In order to solve the credit card debt, it should be an inevitable choice for card slaves to open source and reduce expenditure.

During the time when I used my credit card, I did buy a lot of unnecessary things and spent a lot of money. In order to pay off the remaining 20 thousand yuan, I changed my consumption concept, whether I can buy it or not, definitely not; If you don't spend money, you can spend it, and you won't spend it.

Excessive consumption of credit card prepaid funds and no money to repay further debts will only lead to a vicious circle of debts. In order to pay off debts, we must reduce debts at the source.

During that time, in order to save money, I developed the habit of keeping accounts. By counting my daily expenses, I gradually understand the ins and outs of my income and expenses, know the whereabouts of the money, and consciously control the whereabouts of the money and control excessive consumption.

In terms of open source, I take the initiative to undertake the overtime task of the unit and get overtime pay by increasing working hours. Of course, you can earn some extra money, but you must not rush to seek success and choose high-risk projects.

If you become a "card slave" because you buy Apple mobile phones and fashionable luxury goods, you can also increase your income by selling some goods that don't meet your income for the time being. It is the right way to plug the hole in the credit card first.

Fortunately, with the help of my family and my own efforts, it took me about a year to pay off my credit card debt. Since I stepped on this pit, I have become more and more cautious about the use of credit cards. Of the large number of credit cards I have handled, only two are for daily use, and the others have been cancelled.

Of course, some friends are not so lucky. They owe more on their credit cards, and the repayment period is longer to solve the debt problem. At this time, consultation with the bank is also an alternative.

You can take the initiative to negotiate with the bank, show your repayment attitude, strive for a more favorable repayment method for yourself, and ask the bank to reduce some fees.

The purpose of issuing credit cards by banks is not to push borrowers to the wall, but to make money. Judging from your attitude, I believe they are still willing to make some concessions and let you repay as soon as possible.

The above is my opinion, I hope it will be helpful to you. Welcome to discuss it together in the message area.

I think many people are still living on credit cards, which is really not desirable. Credit card is an interest-free credit card benefit given by the bank based on our credit. We need to treat credit cards well and swipe them reasonably to have better credit.

Let me tell you two cases. The first case is my relative's. She was accompanying her children to school at that time, and some of the money she earned before going to work was used. Her husband was still working in the first year, and then he lost his job. In this way, two people have no source. At this time, the woman used to have a lot of credit cards at work, which happened to be used. All day, the money in the credit card was emptied. She knew that the money with the credit card must be paid back, so she used the installment and the minimum repayment amount to delay the card debt.

In this way, in two years, her credit card debt has reached about 654.38+million, which has been unable to turn over. If she doesn't return it, go to the credit bureau. She was so anxious that she came to Shanghai to ask her relatives for help. Later, everyone pooled their money to help her pay off her card debt, and then both husband and wife found jobs, so most of the money earned every month was used to pay off her debt. The woman was still shaking her head when she told me. She really said, you can't do credit cards like this. It will be a bottomless pit, which will be unbearable in the future.

There is another case I saw in a community. A woman who owed10.3 million credit card said that she could not face it. Before, she had been hiding the huge profits from robbing Peter to pay Paul, and she liked to buy it at buy buy. Then when the turnover was not enough, she had to confess her debts to her family. Although the woman's parents didn't help her, fortunately, a reliable husband was willing to deal with her and help her pay off the card debt, but in order to prevent the woman from continuing to be in debt, the man asked her to write an iou and then write down how much she would pay back every month.

The woman still lived up to her expectations. In order to prepare hard, she finally found a job with a higher income than before, and then saved most of her salary to her husband every month. Therefore, when you owe a credit card debt, you must stop swiping your credit card first. Find out exactly how much money you owe, then ask your family, relatives and friends to help you pay off your card debt, and then save money to pay back the money yourself.

What should I do if my credit card repays too much?

Credit balance refers to the excess in the cardholder's card account, that is, the extra money.

The credit balance cannot be used for installment payment, but it can be withdrawn through the counter or ATM. There is no handling fee for withdrawing money from the Bank of China card counter. Withdrawals from ATM machines are charged by default, but no interest is charged. There is no charge for local withdrawal of the Great Wall Card, but a handling fee will be charged for withdrawal from other places, and no interest will be charged for withdrawal of excess deposits; For specific charging standards, please call customer service 4006695566 for consultation.

The above contents are for your reference. Please refer to the actual business regulations.

Credit card debt is increasing? An article teaches you how to solve it.

For Xiaobai and those who have no common sense in financial management, if it is not opened, the minimum or installment will naturally be chosen if the full amount is not paid! If you step on the last two kinds of thunder, you will only step on more and more! If you are lucky enough to read this content and read it patiently, you will benefit a lot!

1. Minimum repayment rule

First of all, the minimum repayment does not enjoy interest-free period! The repayment amount is 65,438+00% of the overdraft amount, and interest begins to accrue on the day of consumption, with a daily interest rate of 15,000, that is, the overdraft principal x daily interest x one month. For example, the overdraft 1 000 yuan, the minimum repayment amount is 1 000 yuan, and the current month's interest is10000x0.0005x30 =150 yuan. If you spend 1 1,000 yuan next month, and continue to make the minimum repayment, the calculation method is (100001000) x 0.0005x30 =165 yuan, and the compound interest calculation method is. A credit card is a circular line. As long as you pay the minimum loan and keep spending, it is normal for a card 1 0,000 to owe tens of thousands in the end. When your consumption amount accumulates to a certain amount, will you draw inferences from others and think twice before you act? This is a secret that the bank won't tell you. You must try to make mistakes yourself. The more you pay, the more mistakes you make in the minimum repayment amount (the interest on the minimum repayment amount can be refunded)

Step 2 pay by installment

Enjoy a one-month interest-free period, and the interest of each bank varies according to the installment duration. Usually, after the bill is divided into installments, there is no need to repay in the current period, and the repayment will be postponed until next month. For example, the bill 10000 yuan, installment time 12 months. The monthly principal should be 65,438+00,000/65,438+020.75% x 65,438+00,000 = 83,375,65,438+02 months, and the total interest is 900. Look at that. And the interest will not decrease with the decrease of the principal. Even if the final principal is only 833 yuan, the interest will still be 75 yuan! Secondly, can you guarantee that the principal returned after installment will not continue to be used for consumption? If you continue to use it and your repayment ability is insufficient, what will happen if you continue to use it in stages? So, you are in debt for no reason. Of course, there is no solution. Patiently read the summary method at the end of the article! Paying attention to me will help you learn more financial knowledge and avoid stepping on the pit!

3. There is another kind of person who chooses to raise the card by loan when the turnover is not enough, but this is the biggest taboo.

For example, if the loan is 30,000 yuan, the annualized interest rate will be 18%, and the loan will be repaid in 12 installments. The principal and interest of each period is 2800 yuan. If you borrow 60 thousand, it will cost 5600 a month, which may be the salary of ordinary people for one month. Borrowing online loans and returning cards will only speed up your pace! In fact, whether you are on the verge of debt or already in debt! We can all use appropriate financial management skills to reduce the repayment of principal and interest, so as to achieve the purpose of a virtuous circle. Due to the limited space, I can't finish one article. Friends who want to know how to do it can pay attention to it and leave a message in the comment area!

Credit card itself is the cheapest financing tool that ordinary people can access! This paper deeply analyzes the advantages and disadvantages of credit card repayment methods. Should we avoid these situations from happening to us! Learning to play cards can bring us positive income feedback. Instead of being bound by credit cards, we even dream!

In fact, many people have tools in their hands, they can transfer the money from their credit cards to their own cards, and they can also enjoy an interest-free period of about 50 days. But it just won't be used correctly or there is no thinking of controlling cost reduction.

The Guage Financial Lecture Hall will show you the financial knowledge you don't understand! Welcome to forward, follow, like, and let more people see it!

The more credit cards you have, the richer you will be.

The more credit cards, the more. Generally, the user has not paid off the previous arrears, and then a new bill is generated. At this time, there will be more and more returns. In this case, you should stop using this credit card for spending, and then repay it as soon as possible, so that the repayment amount can be gradually reduced.

When users use credit cards at ordinary times, they must make a consumption plan according to their own income, so as to repay on time on the credit card repayment date. Moreover, when applying for a credit card, don't pursue a high amount. Generally, it is 2 to 3 times the salary, and the amount can be increased if it is used according to regulations in the later period.

The credit card has never expired during its use. There will be penalty interest after overdue repayment. The longer the time, the more penalty interest will be generated, which will increase the repayment burden in the later period. Banks will also upload overdue records to the credit information center. When personal credit information becomes worse, no matter what kind of loan the cardholder applies for, it will be affected.

When credit card repayment is difficult, users can use installment repayment, which requires users to pay a certain fee, and the fees paid by different installments are different. Moreover, using installment repayment will occupy the credit limit of credit card, which will have an impact on users' subsequent use of credit card.

Young people must use credit cards reasonably!

That's all for the introduction of how to apply for more credit cards.