The advantage of this repayment method is that it can avoid overdue and reduce unnecessary troubles. The disadvantage is that you need to pay off all the loans at one time, which is not suitable for people who need money badly.
So, if you want to repay in advance, what problems should you pay attention to?
First of all, we should know our credit information. If your credit report shows that you have many overdue records, it is recommended not to repay in advance. Because this will affect your personal credit, and it may also be affected when you apply for a loan in the future.
Second, we should pay attention to the rational use of credit cards. For convenience, some people often use credit cards to overdraw their consumption, which will not only generate interest, but also generate late fees.
Therefore, when applying for a credit card, you must repay it on time to avoid unnecessary trouble. Third, we should maintain a good personal credit record.
If there are stains or bad records on your personal credit report, the bank will think that your financial situation is not good and will not provide you with loans. Therefore, when applying for a credit card, you must keep a good personal credit record, so that when applying for a credit card in the future, the bank will consider your repayment ability.
Otherwise, even if you have money, the bank will not give you a loan. Therefore, when handling credit cards, you must know more, so as to better improve your credit card limit. Let's look at some ways to increase the credit card limit. First of all, it must be clear that the credit card limit is determined according to the cardholder's consumption situation, so if you want to increase the credit card limit, you must maintain good consumption habits and don't overdraw.
Secondly, we can get a higher quota by applying for some installment business, which can also increase our credit card quota.
How is the validity period of IOUs calculated?
If both parties agree on the repayment date on the loan receipt, the statute of limitations of the loan receipt shall be counted from the date when the repayment period expires. If there is no agreement or unclear agreement on the loan term, the borrower may return it at any time, and the lender may urge the borrower to return it within a reasonable period. The limitation of action for requesting protection of civil rights from the people's court is three years. The limitation period of action shall be counted from the date when the creditor knows or should know that the right is damaged and the debtor knows it.
legal ground
People's Republic of China (PRC) Civil Code
Article 675
The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.