What does it mean that the current principal and interest have been paid off?

It means that you have applied for installment loan or installment credit card service, and you have paid off the principal and interest of the current installment.

Your sentence is actually very easy to understand. Principal and interest mean principal and interest. When you provide credit services, if you handle installment business, you need to repay a certain percentage of installment amount every month, and this installment amount is principal and interest. If you have paid off the current bill, you will receive this message.

1. Your situation generally appears in loan installment or credit card installment.

Now it is a credit society, and many people will apply for mortgage loans or credit card services. If the user can't repay in full before the final repayment date, the user can choose to go through the installment procedures in advance, so as to alleviate the repayment pressure. At the same time, you need to pay a certain percentage of the bill every month, and this bill is your principal and interest amount for each period.

second, paid off in the current period means that the current bill has been paid off.

after you have paid off the current bill, you will receive a short message reminder from a loan or credit card, indicating that you have settled the current bill normally. At the same time, if you have enough money in hand, you can also choose to repay in advance. Repayment in advance can reduce your handling fee and interest fee. You can take the initiative to call the bank's work number and settle the business in advance in this way.

third, installment repayment seems to be very humanized, but in fact it will charge high interest.

Let's take credit card installment as an example. If you can't make repayment before the repayment date, you will generally face two choices: the first choice is minimum repayment, and the second choice is installment repayment. The interest on the lowest repayment is the highest, and the bank credit card can reach an annualized rate of 18%. The annualized interest of installment repayment is also very high, which can generally reach the level of 5%~1% annualized. For this reason, users need to comprehensively evaluate their repayment ability, and do not handle installment business unless necessary.