The POS agent has risen again, and the credit card replacement business has developed rapidly!

In the first quarter of 2017, the total amount of outstanding credits of Chinese national credit cards overdue for half a year reached 60.47 billion yuan, an increase of 12.89% from the previous month. When users are unable to repay on time, they need to bear high overdraft interest rates and late fees, and the credit card surrogate business that targets this segment of demand has emerged.

Credit card surrender, also called credit card balance compensation. It refers to a service whereby a credit card holder repays a credit card bill by applying for a loan to a third party agency (return service provider), and then the cardholder repays the loan to a third party institution. Credit card replacement products have won the favor of more and more cardholders at their lower interest rates, so they are growing rapidly. Especially the POS agent industry, due to the large market demand faced by the customer groups, the development is relatively fast!

With the improvement of China's credit information system and the improvement of personal credit awareness, in order to avoid overdue credit card, cardholders generally try their best to repay. Earlier, the China Credit Card Report had data showing that more than two adults said they had a credit card set; the current three adults said they had had the minimum amount because they could not afford the full bill; bank bills Staging is one of the more common methods of repayment.

In addition, more and more people are using credit card reimbursement products for repayment.

Bank statement staging

Bank billing has a certain threshold. For high-quality users, the bank will provide the instalment business on its own initiative, and users can apply for the installment on their own; for users whose comprehensive credit is not up to the staging conditions, the bank will not accept the instalment qualification. Moreover, the staging period is fixed by the issuing bank and the flexibility is not strong. In addition, the actual annual rate for the installment is 15-18%, and the rate is higher.

In the case of recruiting behavior, credit card arrears of 50,000 yuan, divided into three periods, the instalment rate for each period is 0.95%, the total handling fee: 50000 × 0.95% × 3 = 1425 yuan.

Repayment at the minimum repayment amount

When the cardholder's repayment amount is lower than the full bill, the bank defaults to the minimum repayment. Generally speaking, the minimum repayment amount is 10% of the total repayment amount. Once you use the minimum repayment amount, although the personal credit information is not affected, the interest-free period cannot be enjoyed. All consumption is counted from the same day. Interest of five tenths of a day. Moreover, the interest of the current month is accounted for into the next bill, and it is compounded monthly. This interest can be quite a lot, and the rate is higher than the period.

It is still a case of recruiting behavior, repayment according to the minimum repayment amount, assuming that the trading day is the day before the billing date. In the first month, the minimum repayment amount is 5,000 yuan; the second month interest is 725 yuan (50000*0.05%*20+45000*0.05%*10); the third month interest is 1074.5 yuan. The total interest was 1799.5 yuan, which was 374.5 yuan higher than the stage. In three months, the interest is close to 2,000 yuan.

Credit card replacement product

Credit card replacement products, the general interest rate is as low as 8-9 fold of the bank, using a one-time settlement bill. It not only helps the user to solve the pressure of repayment, but also avoids the personal credit smudge caused by the overdue credit card, and also extends the cardholder's repayment period. Credit card balance compensation actually provides consumers with short- and medium-term liquidity of funds, and consumers replace high-interest credit card loan balances with low interest rate compensation loans. In this way, the pressure on repayment of interest and interest can be reduced, and the ability to consume can be improved. Perhaps, the surrogate product is a benign choice for credit card repayment.

At present, the credit card generation market is mixed, and users must choose a formal big platform when they choose.

Don't make a set of cash, credit card sets

After being discovered, it will be "blacked out"

"Credit cards are mainly used for consumption, and the set of cards now makes the credit card lose its own function." The credit card set. The harm caused by it, Guo Tianyong, director of the China Banking Research Center of the Central University of Finance and Economics, told reporters that the set The more important negative impact is that a large portion of the cash used in the “sets” of credit cards is used to engage in illegal activities such as gambling, which causes harm to the financial order and social order.

However, this kind of “repayment” for credit card sets needs to face huge risks. The website of the People's Bank of China Shanghai Headquarters has published information that the current credit card set not only poses a huge risk to the card issuer, but also brings credit risk, debt repayment risk and legal risk to the cardholder, and also seriously disrupts the normal The financial order, which promotes a series of criminal acts such as money laundering, is extremely harmful to society.

Article 7 (1) of the Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Laws in Handling Criminal Cases of Obstructing Credit Card Management stipulates that, in violation of state regulations, the use of point-of-sale equipment (POS machines) and other methods to fictitious transactions If the case is serious, the case shall be punishable by the crime of illegal business operation in accordance with the provisions of Article 225 of the Criminal Law.