Many people are trapped in the predicament of lack of money, but they have card debts to pay back. I heard that some banks have credit loans, the threshold is relatively low, and they want to repay their credit cards. Then, can a bank credit loan repay a credit card? Here, take the fast loan of CCB as an example to introduce.
Can I repay my credit card with CCB Express Loan?
1, see the operation
There are two kinds of bank credit loans, one is consumer credit loans, and the other is cash loans. Although the former lends to the bank card after application, it can only be used to swipe the card on the POS machine of the designated merchant, and cannot be withdrawn; The latter is to lend money to a bank card, and the money can be withdrawn or transferred when it arrives.
For example, CCB's fast loan belongs to the former. As a consumer credit loan, it cannot be withdrawn or transferred after successful handling. And we all know that credit card repayment needs to be transferred from the bank card to the credit card repayment, or the money in the bank card is taken out and transferred to the credit card account.
Therefore, from the operational point of view, CCB Express Loan obviously cannot be used to repay credit cards. Of course, some people may say that they can try to withdraw the money from the bank card, but there are certain risks in doing so. Once monitored by the bank, it may be required to pay off in one lump sum, which is undoubtedly worse for cardholders with weak repayment ability.
2, look at the use
Banks have stipulated relevant purposes for such personal consumption loans, for example, they should be used to meet the legitimate, compliant and reasonable consumption capital needs of borrowers, and they should not be used for projects explicitly prohibited by national laws and financial regulations such as securities, futures and equity investment.
As for whether the credit card can be repaid by fast loan, it is not clearly stated, but this is an act of repaying the card with a loan and the bank should not support it.
Can I repay my credit card with a bank loan?
As the name implies, bank consumer loans are used for consumption. When a bank applies for a loan, it needs the borrower to clarify the purpose of the loan, and the loan amount cannot be used for non-consumption areas. If it is used to repay the credit card, it will affect the credit of the individual in the loan bank, and the pass rate of applying for a loan in the future will be lower.
Many banks clearly stipulate that consumer loan lines can only be used in decoration, home appliances, wedding, student aid, tourism, medical care and other fields, and borrowers should use the lines in strict accordance with the loan purposes.
Is it appropriate to repay the credit card with a loan? Don't do this!
Now the loan industry is developing very fast, and countless loan products emerge every day. Loans and credit cards have become two indispensable credit products in people's daily life. Some users want to know, is it appropriate to repay credit cards with loans? Because there are card debts to be repaid every month, it can relieve a lot of pressure to repay the debts with loans.
No, no bank will stipulate the purpose of the loan, requiring that the loan can only be used for consumption, business and so on. , and can not be used for illegal accounts, improper use in violation of regulatory provisions or failure to cooperate with bank investigations. It is easy to directly freeze the line, and the arrears under the name may be settled in one lump sum.
1. Repaying the loan with a loan
Paying a credit card with a loan is the same as paying a loan with a loan. This way of drinking poison to quench thirst is not desirable, and it will only make the debt bigger and bigger, and finally it will get out of hand.
2. Be discovered by the bank
If your method is relatively simple, it may be discovered by the bank. For example, the loan amount is similar to the credit card debt, which can be found from the credit information. Then the bank may immediately cancel the line and settle the debt under its name in advance, including the handling fee and interest, which will put a lot of pressure on the borrower.
3. Repayment pressure
Some people are used to using loans or credit cards to solve the financial problem, and may reach the point where loans are not available because loans are not so flexible. If the capital chain breaks, they may be heavily in debt and the consequences will be out of control.
4. Credit information turns black.
Banks have high requirements for users' integrity. If this behavior is found, they may be blacklisted directly, and it will be difficult to handle credit business in the future.
Can I repay my credit card for my business loan?
Of course. Bank loans can be used for consumer loans and commercial loans. After your credit card is used for consumption, you can use bank consumer loans to repay your credit card.
Can the money from the bank loan be used to pay back the credit card?
Yes, this kind of behavior is not illegal, but the bank does not allow it, because it belongs to cash.
Cashing refers to the exchange of cash benefits by false means, which is mostly used for credit card cashing, provident fund cashing and securities cashing.
According to Liang Gao's Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, cashing refers to the direct payment of cash to credit card holders through fictitious transactions, false pricing and cash return. Using point-of-sale terminal equipment (POS machines) in violation of state regulations.
In the Risk Management Rules for Merchants of UnionPay Card Acquirers of China UnionPay, the definition of cashing behavior is: the merchants collude with bad cardholders or other third parties, or the merchants themselves take cash by fictitious transactions.
Extended data:
The documents required to apply for a credit card are:
1. Identity certificate: the applicant's identity card with full capacity for civil conduct, age18 ~ 65;
2. Income certificate or work certificate: my salary certificate, running bank account, the original official work certificate issued by my work unit, the original work card or business card with comprehensive information, the name of my work unit, the name of the applicant, and the social security/medical insurance/provident fund certificates paid in the last three months.
3. Proof of financial resources: original or photocopy of salary record issued by the bank, income certificate issued by the unit, income tax withholding certificate, self-owned real estate license/house purchase contract/bank mortgage repayment schedule, self-owned car driving license, bank deposit certificate and other materials.
4. you should consider your own financial situation when you apply for a credit card. If you have a loan, you need to pay off the credit card consumption every month, and the repayment pressure may be even heavier. Suggest careful consideration.