People who live on credit cards will eventually face two situations:
One: the loan supporting the loan is delayed or the wife is separated overdue.
Two: It's getting better and better to do your own thing with bank money.
Most people are first, and a few people are second.
Data that is not based on feelings.
This is data from logical reasoning.
Look down:
The first kind of people: do not understand products; I don't understand the business of loan; I heard that credit cards are easy to use and stocks can make money, so I fell into the debt pit in a daze!
1. For the product, can you answer all these questions yourself?
The interest on advertising is 2 yuan. Does that mean daily interest or monthly interest?
What is the minimum repayment interest on credit cards? How is it calculated?
Do you know that there is a chain of contempt for approval between banks and institutions?
Do you know how to calculate the interest after overdue?
Can you answer all the questions? After the products are finished, see how they spend their money.
2. The way they got into debt crisis is probably like this:
All my friends are using credit cards, so I used them.
My friend said he would use this credit card. Give me a pot.
My friend said that installing a computer can make a savings card earn more money.
With more money, friends also make money in financial management.
Can I open a tea shop? I think business is good.
Oh, it's about to expire It's okay. You can reverse the card, which is economical.
Oh, no, it's okay, and there are online loans.
Online loan, not yet, friend, scattered. . . . . .
Is this process familiar? See how the second kind of people do it.
The second kind of people: always do things in their own ability circle, don't touch things they don't understand, or invest in experiments at the boundary of their ability.
1, studied the interest of various products of banks; Qualifications required for applying for products; How much profit is needed to balance or exceed the money spent; What is the country's recent policy?
Study, study and think carefully before deciding which one to use.
Step 3 don't gamble
4, will not follow the crowd to manage money, but choose what you know or can definitely exceed your interest.
5. To be a commercial enterprise, you must have clear goals, projects that need a lot of money, projects that can't see profits, and you won't use credit card money desperately!
Therefore, I say that there are few people in the second category, because they are all elites, and some people have no patience to finish reading an article. Do you want him to study products? Independent thinking and judgment?
After all, remembering simple things and tending not to use our brains is a natural state after the evolution of our human brains, and I will do what others do. It's too difficult to overcome it.
So don't scold the bank any more, these consequences are obviously caused by ourselves. It's normal that you don't realize the scope of your ability circle, do things you don't understand, don't study, get chopped up and be cheated.
What we should do is to never make this mistake again and learn to study and judge independently before making a decision.
I know this answer doesn't suit everyone's taste, but it is meaningful to let everyone think from their mistakes. At least you can reflect, shouldn't you take the time to study the interest of products and consider which loan is more cost-effective first? What is the basis of personalized consultation? How can we win our own interests? There are all shiny bills here. Why don't you do it?
There really seems to be more and more card slaves around me, so I think it's really necessary to talk about credit cards.
Credit card is the product of western banking system. It is still very popular in America, and it is well known that Americans can't make ends meet. However, is it wrong for our ancestors to "live within our means"? In fact, judging from the current situation of the epidemic, there is no such thing.
In the United States, there are not many families who can spend $200 at a time. A friend of mine deposited $5,000 in Bank of America, and the whole bank came out to "visit" him. Yes, Americans have no habit of saving. They are just used to spending money today and tomorrow. So what are the consequences of this credit overdraft? Then in 2008, the subprime mortgage crisis that swept the world came from this consumption habit of Americans. As long as you are an American citizen and need to buy a house, you can lend it to you. If it doesn't matter, you can securitize bad debts and pay them in the secondary market, and then the brokers can refinance these assets. The crisis is not big. Later, after financial derivatives, this snowball was enough to crush all beings. Therefore, this advanced consumption concept in the United States has been proved to be wrong. Why can China people stay at home for several months during the epidemic? Why can't Americans? Because they don't even have $200 in cash, and online payment is not as developed as China. If you don't let them swipe their credit cards in the supermarket, they will be stuck.
On the other hand, looking at the credit card crisis in China, I take it more seriously. I call it the "credit card crisis". Because this kind of thing is imported and played by Americans. Then for a while, almost every employee of the bank had a task of pushing credit cards. It seemed that the tellers at the grass-roots level could also send 20 tasks, not to mention the upper level, and hundreds of tasks were also available. But what is this evil consequence? Now it is the younger generation in China. At the stage of weak economic strength, they should have thought about their strengths and the turning point of their future livelihood. Alas, they actually found that with a credit card, they don't have to struggle first. Then start spending in advance with credit cards, and even worse, start cashing out with credit cards. It may also be that they have actual consumer demand, or just to please their girlfriends and choose to leverage consumption. I have to pay the credit card bill. What if I can't pay it by then? Some good children told their parents the actual situation, while others didn't. They chose to apply for more credit cards and make up for them. Then cycle the lever and cash out. As a result, it is conceivable that there is not such a big hole. Later, a person owed hundreds of thousands of bank card debts. This situation is very dangerous, debt++,preferably credit++. Finally, it was blacklisted by the bank, and high-speed trains could not be taken, and high consumption was also restricted. This stain on life can't be washed away even if the card debt is finally paid off.
Back to the question and the answer itself. What will be the final result of this card slave? I told the questioner and more Kanu responsibly. This kind of person's life is doomed to collapse, not only debt++,but also credit++. I know exactly what the life of such people is like now, because there are such people around me. For this kind of people who are caught in the life of card debt, it can be said that they are suffering from "financial poison" and must find ways to quit. First of all, you should tell your relatives and friends to help you find ways to pay off your card debt, or if it is too much, you can make a plan to pay for it, and then find a job, work more and pay off your card debt. You have no choice but to give up your leveraged life.
In addition, I also want to warn those young people who use credit cards to increase leverage in their lives. Don't ruin the credit you depend on for a better life. Life is still very long, but it is impossible to be good at pursuing these delicious, wearable and fun things. When you are in your twenties, the most important thing is to think about what you can do in the future to settle down. Some hardships in life must be eaten, so that you can have a good life in the future. Never experienced the bitterness of life, just want to jump in the sweetness of life? It's very likely that I didn't dance well once, and I'm finished. I am not without such examples. There are criminals and there are++. Think about the people you love, and then give up "financial drugs" and leverage life. Life is bitter, but sweetness is only fleeting. Only by recognizing what life is, can we take the road ahead and be practical. No matter what age, the ancestral motto of "living within our means" is also useful.
Little couples who have nothing, buy a house and a car by cashing in their credit cards, and their business is almost successful.
My college roommate, a heavy credit card user, nearly 30, with a total amount of one million. His wife is similar, and he is 60% off.
First, they are all college graduates and come from rural areas.
I worked for ten years and rented a house until my second child was born.
20 16, before the house price rose sharply, the overdraft cashed in Qingdao to buy a house and get on the bus.
The following are the details
There are four or five POS machines at home, a manual account, every transaction of money, the overdraft amount and repayment date of each card, and the calculated days are not bad. After the accounting is modified, each card has the maximum interest-free period.
At that time, the down payment was 600 thousand, and the cash was more than 400 thousand Later, the decoration was also cashed out, and the down payment for buying a car was also cashed out.
At present, the annual handling fee is around 30 thousand, which is enough for turnover. The whole family has sufficient cash flow. In the past three years, the amount of arrears has not increased. In addition to fixed expenses, the couple's income is mortgage and car loan.
Under this pressure, the two developed various++languages. Among them, she and his wife are doing self-media and writing articles about workplace emotions, and he and his classmates in Linyi are doing agricultural products e-commerce in Pinduoduo. As of August this year, the car loan has been paid off.
two
10 thousand yuan is 500 yuan a year on average, which is five points of annual loan interest. His plan is to pay off the credit card debt within three years, so don't be so careful.
When selling points every year, I will also collect some wool for various gifts, personal use or social activities, various credit card discounts, movies, car washing, milk tea, discounts in full supermarkets, Starbucks, Kaifeng dishes, and even mobile phone bills.
Every consumption expenditure is carefully calculated, and cards are arranged every Sunday afternoon. 50 credit cards for two people, no overdue records. Every bank cooperative merchant enjoys points redemption discount.
By the way, the bank that handled their mortgage also had a credit card and learned all kinds of knowledge about the bank's financial interest rate before choosing the most cost-effective bank with equal principal and interest.
Three,
Above, the key lies not in how many cards there are, nor in how many quotas there are, let alone in bonus hunter, but in his wife's quiet heart, the meticulous and meticulous lady.
She graduated from technical secondary school, worked for two years, continued to study for three years and got a college diploma. Later, she planned to save money to upgrade her education until she met my roommate, got married and had children.
Realistically speaking, the work level is average, and the income now does not exceed 10 thousand yuan. I am a senior employee, trusted by my boss, and my working hours are very free.
Her ideas are different from those of most Shandong women. She can owe money to the bank, not to her relatives and friends, and she can owe money without gratitude. Secular people, social interaction, yard by yard.
She is a credit card expert in the circle of friends, but she never touches all kinds of coins in the stock fund P, and only sells what she knows and can see, such as buildings in Qingdao, homestead in her husband's hometown, cars, televisions, children's milk powder diapers, tuition fees, and tuition fees.
The words loan, interest, principal, debt, currency and cycle have been thoroughly studied.
I admire her writing most. You can savor it.
As a poor man, the only thing we can get back is credit, which is the foundation of our life.
The better the credit, the more the bank trusts you and the higher the quota, so I will study how to improve the credit and increase the quota.
In recent years, from the construction of consumption flow to various fancy repayments, from small installment to hedging of multiple transactions, everything has been done in recent years, and the credit card quota given to them by the bank back-office system is also rising steadily.
She ignored the bank's recommendations on wealth management, consumer loans, reserve funds, universal funds, and various high-value and fancy packages.
Without JD.COM's white stripes, flowers would never be used.
She only believes in credit cards.
How to solve the credit crisis
It's simple. Let's start with the big shot. Someone else has the money, and he is penniless. People hate it and gnash their teeth. The state affairs of the United States in Afghanistan are internal affairs, and there is no intention or need to interfere. But credit is a world event, and the world is higher than all countries. Rule: If you return half the deposit to the depositor, you will get half the credit. If all the deposits are returned to depositors, they will get all the credit. From then on, everyone in the world can only take the big shots who are only willing to give half. So far, only China people in the world have achieved this kind of complete trust and absolute trust. Just as Liu Bei entrusted orphans to Zhuge Liang, the prince of Wu entrusted orphans to Duke Zhou.
Crisis curse of credit card
The face of the bank changes with what it says.
Once upon a time, credit cards won the favor of "Flower Generation" because of their convenience, high quota, low interest rate and wide rights and interests. Many people choose to "save or invest interest after deducting fixed rent from their monthly salary, and rely on credit cards for daily consumption to earn a meager interest margin". Although it is not much, it is a "wise" practice for young people to buy clothes at 1000 yuan, and the postage of 5 yuan is absolutely intolerable. No matter how little is money, maybe making a cup of milk tea is also money.
However, the good times did not last long. Credit cards have experienced a brutal expansion period, with the increment slowing down and the non-performing rate rising. Especially after the epidemic in the first quarter of 2020, a group of users did not always repay. Although credit cards account for a small proportion in various banking businesses, banks are still under pressure.
Credit cards don't seem to smell so good: banks began to reduce their quotas on a large scale, and the rights and interests of points were cut to pieces. Users of major complaint websites complained that their rights and interests were damaged. So, why did the bank suddenly change its face?
It has been more than 60 years since the first credit card appeared in the world. The first credit card in China was issued by the Bank of China. 1985, the first credit card in China came out, and the "BOC Card" was born in Zhuhai, which started the 35-year development of the credit card industry in China.
According to the data of "Overall Operation of Payment System in 20 19" released by the People's Bank of China, by the end of 20 19, the number of users of credit cards and debit cards (with credit card characteristics) was 746 million, an increase of 8.78% year-on-year; Each person holds 0.53 credit cards and debit cards, up 8.36% year-on-year.
There are "746 million pieces" and "0.53 pieces per capita". Just looking at these two data, there are actually not many concepts. When the time line is extended to 20 1 1 year, we can see the development of credit cards in China1year.
It can be found that: 20 1 1-20 14 can be called the "crazy expansion period" of credit cards, and the amount of credit cards issued increased by 4.31%on average; 20 15-20 17 is the "braking deceleration period" of credit cards, and the average growth rate of credit card issuance has dropped to 2.27%. 20 18-2020Q 1 credit cards entered a "stable operation period", and the average growth rate of credit card issuance rose slightly to 2.74%, showing a slowing trend.
Among them, the number of credit cards issued in 2020Q 1 increased by 0.32% month-on-month, which was the lowest since 20 q17q1,and the per capita card holding also remained at 0.53 for three consecutive quarters.
Therefore, in the whole year of 2020Q 1, the growth rate of total bank card credit slowed down, and the growth rate of total loans overdue for half a year and the proportion of total loans overdue for half a year both rose sharply, which can reflect the dilemma of "slow growth and rising non-performing rate" faced by credit cards to some extent.
The dilemma has its inevitability.
The force majeure factor is the impact of the epidemic. The epidemic has caused many people to lose their wages and even their jobs, losing their basic source of livelihood, and credit cards have naturally become a problem. Passive overdue is more common than usual.
In addition to the impact of the epidemic, there is a persistent problem that cannot be ignored. Chen Jianing, a senior researcher at Suning Financial Research Institute, said, "The overall capital cost of cashing credit cards through POS machines is very low. In this case, credit card cashing has gradually evolved into a' black product'. As a credit card management department, the bank credit card center is actually clear, but in the early days, in order to develop, it adopted a tacit attitude towards' black production'. "
"Develop first, then manage", the scale of credit card has developed, and it is time to "set things right" by using the problems reflected by 2020Q 1 credit card data.
Banks "change their faces", regulatory tips
Chen Jianing believes that at this stage, all banks have enough credit cards. For this gray channel and flow, the demand is not so great, and they will find ways to rectify it, thus tightening the risk. In addition, banks may also be under pressure from supervision.
According to the latest information disclosed by the official website of Guangdong Banking Insurance Regulatory Commission, on July 16 and 17, the penalties for violation of credit card business of Guangfa Bank were announced for two consecutive days, that is, the risk control was not in place, and Guangfa Bank received a total fine of 4 million yuan, which surprised the credit card business of the whole banking industry.
Supervision takes the lead in regulating the credit card market, and banks naturally dare not neglect it. Guangfa, Ping An, CITIC, Xingye, Pufa, China Merchants Bank and Bank of Communications have begun to step up the risk control upgrade.
The first is to limit consumption.
That is, the bank adjusts the cardholder's credit card limit according to the cardholder's financial situation, repayment and overdue, so as to "kill" the risk from the source; For high-risk cardholders, banks can even close their credit cards directly.
Objectively speaking, this measure of restricting consumption by banks is a normal risk control measure. Because the credit card itself is based on the cardholder's own credit, when the cardholder's credit is not good, it makes the bank unilaterally bear greater risks, and it also destroys the contract between the cardholder and the bank. Banks have the right to take appropriate actions to safeguard their legitimate rights and interests from infringement.
Therefore, when your credit card is suddenly restricted, first check whether you repay on time and whether there is any overdue behavior.
Through the black cat complaint platform, some users gave feedback, "I am an old user of Guangfa Credit Card for many years, and I have handled the normal repayment of financial smart funds. In recent years, my credit card can't be paid in installments, and the consumption of merchants is limited. I hope that Guangfa Bank can lift the restrictions. " "Old users" and "normal repayment" are still limited in consumption, and even credit cards cannot be repaid in installments.
Many consumers even complain that credit cards are becoming more and more boring, becoming a bit "chicken ribs", tasteless to eat and a pity to abandon.
If the user feedback is true, the practice of Guangfa Bank is really inappropriate. This "one size fits all" approach is simple for a few speculators, but it hurts most law-abiding people invisibly. Banks need to treat them differently in a more humane way and earnestly safeguard the legitimate rights and interests of users.
There is also a sharp "shrinking" of credit card points.
Recently, joint-stock banks such as Guangfa, Minsheng, Xingye, Huaxia and CITIC, which are pioneers in credit card issuance, have made a heavy blow and started to adjust the accumulation method of credit card points, resulting in a sharp "diving" of cardholders' credit card points.
On July 13, Industrial Bank issued an announcement announcing the adjustment of the points rules; Guangfa Credit Card listed1026,900 merchants in the list of non-cumulative points; Minsheng Credit Card announced the cancellation of the accumulated points of Lacarra and other 19 third-party payment institutions; Among the city commercial banks, the credit card transaction points of Chongqing Bank have shrunk by 10 times. Now you need to use the previous points of 10 to exchange the same goods, and the price-performance ratio of the points has plummeted.
Credit card "black goods" can not only take cash, but also exchange points for goods, in which points play a part of the "currency" role.
Restrict consumption, mainly to prevent credit card cashing and reduce the probability and degree of loss; Cutting off the integral rights of credit cards is blocking the way for speculators to get points. With a two-pronged approach, the market response is still very rapid.
In addition to punishing some banks that violate the rules in the credit card business, the supervision also reminds cardholders. On June 30th, the Consumer Protection Bureau of China Banking Regulatory Commission issued "Tips for Reasonable Use of Credit Card Consumption", reminding cardholders that "we should correctly understand the functions of credit cards, use credit cards rationally, establish a scientific consumption concept, spend rationally and overdraw moderately".
Compared with the punishment imposed by CBRC on banks and the restrictions imposed by banks on cardholders, it is actually the best way for cardholders to reduce the risk of overdue credit cards through self-discipline; But at present, many cardholders have formed a bad habit of using cards, and it may be better to exert pressure from the outside.
In view of the cash-out behavior in the credit card market, can it play a good role by restricting consumption and reducing equity points? At least on the surface, the public is "directly victimized" and the problem lies with the cardholders. It seems understandable to take restrictive measures, but Lu Ying, general manager of Hangzhou Branch of Ping An Bank, put forward different views.
Lv Ying believes that if we want to consider the compliance and strict control of credit cards, we should look at whether the bill-receiving output terminal is strict or not, and it is still relatively loose at present. Many banks still take orders in the form of outsourcing, which has great risk space and great loopholes in packaging and industry selection.
Regarding the cash-out behavior, Lu Ying said that banks will not intervene artificially, and they are all screened by computers and have been automated. The measures taken by banks, whether limiting consumption or reducing equity points, are more to let PBOC's bank supervision see that they have taken some measures to control credit card risks.
Then, if banks really want to reduce the risk of credit cards, they should not only focus on cardholders, but also start with unilateral institutions. Without "helpers", there is no risk.
But this involves whether the bank is willing or not. As an ordinary cardholder, I sincerely hope that regulators and banks can really rectify the chaos in the credit card market, so that well-behaved cardholders can get their due rights and interests, and don't feel that credit cards are getting more and more boring; When they feel that credit cards are boring, they may be ready to abandon them at any time, and go to Alipay's flower buds and borrowings, WeChat's micro-loans, JD Finance's white bars and gold bars, and various inexpensive consumer financial products.
"If you ignore it now, you won't be able to climb high in the future." By that time, banks will have to pay a higher price to regain trust.
When can the crisis spell of credit card be really broken?
Due to the limitation of space, it is impossible to attach all the contents, but I would like to thank many professionals for providing very valuable opinions and rich cases in the writing process of this article. Special thanks (in no particular order):
Lv Ying, general manager of Hangzhou Branch of Ping An Bank, and Chen Jianing, senior researcher of Suning Financial Research Institute.
How to solve the credit card debt crisis?
It's only over 3 thousand. I owe 20W. Now, there are more than 3000 people alive. Find a credit card company and give it to 100 a month. They will help you.
What do you mean the card is disabled?
Disabled indicates that the use is limited and may have been frozen.
Many reasons will lead to the credit card being disabled, for example, the credit may be stolen or used abnormally, or the overdraft is overdue, the card status is abnormal, and the credit card does not support transactions.
CreditCard (English: credit card), also known as credit card. It is a non-cash transaction payment method and a simple credit service. Credit card is generally a special carrier plastic card with consumer credit, which is 85.60mm long, 53.98mm wide and 1mm thick. It is issued by banks to individuals and units, so that they can shop, spend and deposit and withdraw cash from banks. The form is a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature on the back.
Credit cards are issued to cardholders by banks or credit card companies according to the credit and financial resources of users. Cardholders don't need to pay cash when using credit cards, they will make repayment on the bill date. Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card issued by the bank, which gives the cardholder a certain credit limit, within which the cardholder can spend first and then repay. A quasi-credit card refers to a quasi-credit card issued by a bank. The cardholder deposits a certain amount of reserve fund according to the regulations. When the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
China's credit card market is still one of the fastest growing product lines in China's personal financial services market. Although the economic benefits of the industry are full of challenges, the average annual growth rate of credit card issuance in China will remain at around 65,438+04% in the next 65,438+00 years, and the profitability will also tend to improve. It is estimated that by 2020, the cumulative number of credit cards issued in China will exceed 800 million.
The invention of credit card is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged, usually five ten thousandths of interest per day.
How big is the crisis caused by the proliferation of credit cards?
Some children who can only search but can't answer questions don't know that ICBC and China Merchants Bank have issued more than 654.38+million credit cards, totaling more than 30 million, not counting other banks?
Credit cards are not guilty. It is guilty to pretend to understand if you don't understand, and to mislead others constantly.
At the beginning of the year, I saved more than 3500 RMB to buy a consumer-grade digital camera. Originally, I paid RMB 3,500 directly at one time, but at that time, Suning Appliance had an activity, swiping China Merchants Bank's card to shop in installments, and sending blankets and red envelopes (merchant N coupons). I had China Merchants Bank's card, so I bought a camera in installments. I wouldn't have sent anything if I had paid directly. I send things in installments by credit card. Why not? In addition, China Merchants Bank's cards are interest-free in Suning Phase III and Phase VI. I divided it into six installments, which means I can pay back the money in six months, and there will be no extra expenses.
Then I bought all the 3500 I spent at the beginning of the year as "Bosera Select". The net value of this fund was much higher in 0.9 yuan when I bought it. I bought more than 3,000 copies. I'm going to redeem a little before I repay it every month.
It is divided into six phases, each of which is more than 500 RMB. Later, I didn't redeem the fund every month to repay, so I took out more than 500 RMB from my salary every month to repay. Check again, what is the net value of this fund selected by boss now? 2 yuan has more money. A fund of more than 3,000 yuan bought at 3,500 yuan is now worth more than 7,000 yuan. Because swiping a card is equivalent to picking up a camera for nothing, hehe!
The key is to look at yourself. If you don't know anything, you'd better stop here. In addition, before you buy something, you should also consider whether you really need to buy this thing, and don't transfer your self-discipline to the credit card.
Above!
So much for the introduction of the credit card crisis in China.