Nowadays, many of my friends are holding multiple credit cards. One card is a worry-free experience for card-holders. But friends have used credit cards for a long time, and there are always times when they will expel the cards. Many friends will take the minimum repayment of their bills after the credit card explodes. So, let's talk to friends today about the cardholder's credit card monthly minimum repayment will affect the loan? Let us know what impact the minimum repayment will have? Will it affect the cardholder's future loan application?
For the issue of the minimum repayment of credit cards, Xiaobian first analyzes for friends in detail:
Generally speaking, credit cards have three types of repayments, one of which is full repayment, the other is repayment in installments, and the third is repayment according to the minimum repayment amount. Full repayment and installment repayment are well understood, and it is also our usual repayment method. So what is the minimum repayment? What is the impact if you pay the minimum amount?
To put it simply, the cardholder chooses to repay the loan according to the minimum repayment amount, so as long as the repayment amount is not less than the minimum repayment amount (10% of the current bill), even if it is repaid on time, this method will not affect the card. Personal personal credit history. The unpaid portion will generate a late payment fee. In the long run, it will generate a profit and generate more interest, so the sooner the borrower returns, the better.
1. What are the minimum repayments?
If we only use credit cards and have not previously applied for credit card instalments, then the minimum repayment amount for the current month is 10% of the current bill. However, the minimum repayment amount in the strict sense includes: 10% of consumption, plus 10% of the current, plus 100% of the installment principal, plus 100% of the expenses and interest. In general, the sum of the minimum repayments includes the minimum repayment amount for several items of consumption, installment, cash withdrawal, and interest. Therefore, from a conceptual point of view, we know that we can't owe money, otherwise the various expenses will add up, even if the minimum repayment amount is quite large.
Second, full penalty interest, not cost-effective
If you choose to repay on time according to the minimum repayment amount, although the credit status is not affected, the amount used on the cardholder's current bill will not be eligible for interest-free repayment period (the original full repayment can enjoy up to 50 days) Interest-free period). The current bills are fully interest-bearing, calculated at a rate of five tenths of a day, calculated based on the number of days between each credit card transaction date and the final repayment date.
Third, let the friends know how much interest is high.
For the full penalty interest, friends may not be clear enough. Here is a small example to illustrate.
If the cardholder spends 8,000 yuan on March 8, the bill received on April 7th of the billing day will show "the amount due in this period" is 8,000 yuan, and the "minimum repayment amount" is 800 yuan.
If the cardholder pays 800 yuan on April 25th on the repayment date according to the minimum repayment amount, the recurring interest in the statement on the next billing date of May 7 is: 8000 yuan × 0.05% × 48 days ( March 8th - April 25th) +7200 yuan × 0.05% × 12 days (April 25 - May 7) = 192 yuan + 43.2 yuan = 235.2 yuan.
If only 7999 yuan is paid on the repayment date and 1 yuan is paid back, then the recurring interest in the statement on May 7 of the billing date is: 8000 yuan × 0.05% × 48 days + 1 yuan × 0.05% × 12 Day = 192.006 yuan.
Seeing this formula, friends can know that the minimum repayment is easy, but the interest is not easy. The most important thing is that the date of calculating the interest is calculated from the accounting date, not the repayment date, and the penalty is also paid in full.
Summary: Occasionally, the minimum repayment does not matter once or twice, but if the recurring minimum repayment amount will cause the bank to doubt the cardholder’s repayment ability, the bank will carefully consider the bank card or loan after the cardholder wants to apply for a credit card or loan. The applicant's true repayment ability, so that the probability of rescuing loans is greatly increased. Therefore, although the minimum repayment of credit card does not affect personal credit, it will indirectly affect the pass rate of the loan. I suggest friends, if you are experiencing difficulties in your financial situation, you may wish to try the credit card installment business, which will help your friends to ease the pressure on the bills, and also help credit card withdrawals and loan applications. I hope this information will help my friends.
Inserted Pet Waste Bag With Epi
Product details
Cleaning up after your pet is easy with the convenience and dependability of OUT! PetCare Pick-Up Bags.
LEAK-PROOF BAGS: The leak-proof design of OUT! PetCare poop bags allows for ease of mind while picking up dog poop. No worries about any unpleasant surprises leaking out of the bag.
STRONG, DURABLE SUPPORT: The dependable, strong design of OUT! PetCare poop bags means you never have to worry about the process of picking up poop at home or out and about.
FUN, NEW PATTERNS: The new colors and designs on the bags makes cleaning up after your dog easy and stylish while on a walk or even just in your backyard.
SIMPLE CLEANUP: The 9x12 size allows for plenty of room to clean up after your dog.
DOG BAG DISPENSER COMPATIBLE: These fashion dog poop bags fit all OUT! PetCare dispensers as well any dispenser that holds standard dog poop bag rolls.
Inserted Pet Waste Bag With Epi,Biodegradable Pet Waste Bag,Biodegradable Doggie Poop Bag,Biodegradable Pick Up Poop Bag
Taizhou Jinchi Sanitary Product Co., Ltd , https://www.tzjcpetwastebag.com