Yes

If the credit card is not repaid, you can negotiate with the bank to postpone the repayment. According to Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", confirm the credit card under special circumstances If the amount owed exceeds the cardholder's ability to repay, and the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized repayment agreement, but the maximum period shall not exceed 5 years.

Negotiation methods for credit card debt include: applying to the bank for deferred repayment, applying for installment repayment, adopting the minimum repayment amount, expressing one's willingness to repay, explaining the reason for one's overdue payment, mobile phone Keep your contact information open and propose your own repayment plan.

If you don’t have enough money on your credit card, you can negotiate with the bank to apply for a deferment of repayment or repay it in installments. You can also pay off the minimum repayment amount first, and then repay the remaining amount next month.

When negotiating with the bank if your credit card is temporarily unavailable, you must indicate your willingness to repay. After the credit card is overdue, when the bank calls for collection, you must express your positive repayment attitude and let the bank know that you will definitely pay off the debt.

What to do if a credit card expires

1. It is best to continue to use this card

After expiration, the best way is to continue to use this card The card will overwrite the original negative record with a new normal repayment record. Generally, a new credit record will be generated after 24 months, so that personal credit, etc. will not be affected after the record is refreshed.

2. Don’t run away

If you are overdue for a long time, your credit card will earn compound interest and there will be high late payment fees. If you run away, the bank will consider it a malicious overdraft and will call the police.

3. If you are unable to repay, you must explain in time

If you are unable to repay on time due to unemployment or illness, state your financial situation before the final repayment deadline and declare that you are not malicious. If you owe money, you can apply for delayed repayment and interest discounts.

4. It is best to repay in full and explain

If you forget to repay due to usual carelessness, you must repay in full as soon as possible after discovering that it is overdue, preferably in full. , because after full repayment, you have the best chance of winning if you call the bank to explain that the debt is not malicious and request to eliminate the overdue record.

Will credit card installment repayment affect credit score

1. Credit card installment repayment will not affect credit score, but if the cardholder applies for installment repayment, , or cannot repay the loan on time, which will affect the individual's credit score.

2. The handling fees required for credit card installment repayment are the main source of bank profits. Therefore, appropriate installment repayment will not only not affect your credit score, but will also help increase your credit card limit.

3. The installment amount is the amount that must be paid on time before the due date of the bill in order to maintain a good credit card record every month.