How to find out the credit card debt?

credit card debt

Making credit card requires a clear concept of what a credit card debt, of which the constituent elements of it consists. Typically, the card is issued for a specified period, which depends on:

- Payment system, it can be of VISA, master card etc..
- The type of card, the standard is the Classic, electron
- By their own regulations, a single bank

payable by credit karteVremya action is primarily due to security requirements, that's why in the case of online payments online is usually requested expiration date.


Credit card is issued to a certain limit, that is, the amount that you can borrow, which may have a borrower - credit card holder. Often, if the client for the first time refers to the bank for a loan, and up to this point has not been served in this bank, it provides the minimum amount and then follow his credit history, how and to what extent, repaid the debt, how active he uses the card on how timely are his required payments. And if the customer earns a good reputation, it gradually increases the amount of bank credit limit, of course, prior coordination with the client. One way to improve this reputation is to pay regular payments - internet, telephone.

Learn debt on the map

Credit card debt is the sum of the mandatory repayment of the loan, ie the principal amount, which was used by the client at the time of determining the amount of payment and the amount of accrued interest, which the customer must repay, they are awarded for the use of money as a residual, that is, the balance of debt . Interest initially determined, even before the conclusion of the contract.

They can be of several types:

1. Annual interest rate - the percentage of the primary, it is calculated as an annual rate on the basis of 12 months in a year and 30 days in a month, he calculated monthly on the balance of the debt that the borrower fails to repay.

2. Hidden interest - fixed percentage of the total monthly repayment amount, it is usually not large and when paying almost imperceptible, because not separately allocated. He also certainly prescribed in the contract. Just a "hidden" interest can be a one-time interest charged to the customer at the time of registration and the issuance of credit cards, it is charged on the total amount of the initial credit limit. Back in debt it includes interest and penalties for late payment of the main.

Check your credit card debt can usually be on the bank's website, where you are served in a private office, or call customer service.