1. Can a loan be repaid with a loan?

As long as the loan is supported by reasonable arrangements, it is possible to repay the debt, but it is not recommended to make such a repayment. Because most people cannot control their desires, they often borrow more and more, and the amount of interest becomes larger and larger, so that in the end the loan amount increases several times. It is recommended that you confess to your family in time, and then your family members can repay the loan together. This is the most reliable way. Bank loan interest rates are calculated by computer based on personal credit, income, work and other information. When other circumstances cannot be changed, we can only maintain a good credit report and try to pay off credit cards on time to avoid overdue loans. situation arises. Although the central bank has issued a benchmark interest rate, the interest rates of all banks will rise above the benchmark interest rate. The specific rise situation is different for each bank. Therefore, in order to obtain the lowest bank loan interest rate, you must “compare three loans” and then choose the bank with the lowest interest rate. The interest calculation and settlement rules and interest calculation methods for deposit and loan businesses formulated by national commercial banks as legal persons shall be reported to the head office of the People's Bank of China for filing and notified to customers; regional commercial banks and urban credit union legal persons shall report to the branches of the People's Bank of China and provincial capital cities. The central branch shall register and inform customers; the rural credit cooperative county cooperative legal person may formulate interest calculation and settlement rules and interest calculation methods for deposit and loan business based on the actual situation of the rural credit cooperative in the county, and report to the branch of the People's Bank of China, the provincial capital (capital) city center The branch shall file the record and the rural credit cooperative legal person shall notify the customer. Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. A simple and popular understanding is borrowing money that requires interest. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income and increase their own accumulation. Interest refers to the remuneration paid by the borrower to the lender for the right to use funds. It is the use price of capital (that is, the loaned principal) within a certain period of time. Loan interest can be calculated in detail through the loan interest calculator. In civil law, interest is the legal interest on principal.

2. I have borrowed too much online and haven’t been able to pay it out for a while. Should I tell my family or use the loan to support the loan?

Is it solved now?

3 , Can loans be paid off?

Users of loans to support loans cannot pay off their debts. To finance a loan with a loan means to use the loan money. Since the repayment funds are not your own money, the user will always be in arrears. The risk of the gold chain breaking. Once the user cannot borrow money, there will be no funds to repay the previous loan, which will cause the loan to become overdue.

Use loans to support loans

Users who use loans to support loans cannot pay off their debts. To support a loan with a loan means to use the loan money to repay the previous debt. Since the repayment funds are not your own money, the user will always be in debt. In addition, there may be a risk of the capital chain breaking when using loans to finance loans. Once the user cannot borrow the money, there will be no funds to repay the previous loan, which will cause the loan to become overdue.

The user's use of loans to support loans will affect the user's comprehensive credit score.

Debt restructuring and loan financing

The fundamental difference lies in interest rates and cycles

Use large loans with low interest rates and long cycles, which can be used in one go Pay off small debts with high interest rates and short cycles. In the end, consumers will slowly pay off all debts with their own income.

But using loans to support loans means borrowing higher interest rates and short-term loans to repay debts with current high interest rates.

Using a loan with a higher interest rate means that the new repayment amount is destined to exceed your repayment ability, and you will eventually have to borrow new debts to repay the old debts.

There are more and more solutions for loan-to-loan financing, and the repayment pressure is also increasing.

Debt restructuring and the credit qualifications of consumers mean that not everyone can use this method to resolve personal debt crises.

So credit in the financial system

Banks cannot lend to one person indefinitely.

When the monthly income is only 500,000 yuan, it is impossible to open our credit report from a financial institution to check the credit of each credit card of the consumer when the debt is already 500,000. quota and current balance.

Banks or regular online lenders will definitely check consumers’ current debt information when approving new loans.

When the credit card or online loan balance in a consumer’s credit report is relatively high, or when inquiry records from multiple financial institutions frequently appear in the credit report, then the consumer’s need to apply for a new loan At this time, the best way is to find money (bridging funds), lower the credit card balance or online loan balance on your credit report, and reduce the need for financial institutions to check the credit report. frequency.

The probability will be higher after 3 months or half a year.

In addition, consumers should try their best to choose an interest rate that is as low as possible and within their income range, so that they can smoothly resolve their personal debts.

The purpose of consumer debt restructuring is to control the monthly repayment amount within their own income range. If the monthly repayment amount exceeds the limit, it does not solve the problem, but increases it. new question.

At this time, it is not a bad idea to give up the credit check and choose to pay off the debts one by one after they are overdue

4. Can the loans be paid off with loans, and my family will not help?

1. Difficult to pay off. It is not illegal to use loans to support loans, but it is against the regulations. It is not recommended that borrowers use loans to support loans, because the consequences of using loans to support loans will be very serious. This is a kind of "tear down the east wall and make up for the west wall" approach, which often leaves the borrower unable to afford it. While it may provide temporary relief from a borrower's financial crisis, it will ultimately cause a lot of stress.

2. It is not recommended to use loans to support loans, because every loan has loan interest, especially the interest and fees of online loans are very high, so using loans to support loans will put a very heavy burden on the borrower. repayment pressure. The interest that the borrower has to pay back will snowball like a snowball. Some borrowers have to sell their houses and cars in order to repay their debts.

3. Although it is not illegal to use loans to support loans, it is difficult to pay off debts using this method of repayment, and may even have serious consequences