Overdue credit cards are something no cardholder wants to encounter. Overdue credit cards will not only generate high interest rates and late payment fees, but in severe cases will also affect personal credit. However, there will always be situations where personal credit cards cannot be paid, so what can we do to effectively avoid overdue payments?

What to do if your personal credit card cannot be repaid

1. Use the "time tolerance" service provided by banks. Most banks provide "time tolerance" services to cardholders. That is, as long as the cardholder can make up the repayment in time within the bank's overdue grace period and tolerance amount, it will not be considered overdue. Generally, banks have a three-day deferred repayment service, and the tolerance amount is within 10 yuan. Each bank will be different, so the cardholder needs to check with bank staff.

2. Negotiate with the bank to postpone repayment. As long as the cardholder proposes to negotiate repayment with the bank, the bank will often agree and work with the cardholder to agree on a mutually acceptable repayment plan, delay period, and interest discount. , monthly repayment amount, etc. If you take the initiative to contact the bank and obtain the bank's consent to defer the repayment, you will not be recorded in a bad record.

3. Choose installment or minimum repayment. If you really can’t repay the credit card, or you really can’t repay the credit card in the short term, in this case, you can consider credit card installment or choose the minimum repayment. payment. These two repayment methods require paying a certain amount of interest to the bank, but they can also effectively avoid personal credit stains caused by overdue payments.

4. Reasonably change the billing date. If you budget in advance that you may not be able to repay a certain personal credit card bill, you can apply to the bank to change the billing date before the bill comes out to extend the repayment. The purpose of the payment period. Of course, changing the billing date is not something you can just change. Each bank has different regulations. You need to consult the bank to confirm the specific rules.

5. Find friends or family members to provide cash flow. It is very important to repay your personal credit card on time, and you must find ways to avoid overdue records. Cardholders can refer to the above tips, but the key to solving the problem is for cardholders to consume rationally. If they do not have the financial ability to repay, they should try to restrain unnecessary consumption expenditures. Credit cards can provide cardholders with conveniences and discounts for daily consumption, so it is still necessary to apply for a credit card.