Many people do not intend to overdue the loan at the beginning, and they also think about repaying it when they borrow money. However, there are always some unexpected factors that prevent you from repaying.

So, what should you do if you are willing to repay but temporarily unable to do so?

01

If it is a bank loan, it is best to contact them immediately. It would be best if they can reverse the loan or extend it.

If not, it is best to apply for a loan extension or repay the principal in installments immediately; if it is a bank credit card, you can apply for interest-free installment business.

Although, the application may not be approved. If it fails once, just try it twice. The bank will also consider it based on your situation.

02

If you owe an online loan, it is best to list all the online loan platforms you owe.

Distinguish them one by one, exclude non-compliant platforms with upfront fees, interest rates exceeding legal requirements, etc. Sort the remaining ones according to compliance, and then negotiate one by one.

Before coordinating, you must first plan your life. While maintaining a normal life, release the remaining disposable funds separately, and then coordinate with multiple institutions to reach a repayment within the amount. payment agreement.

03

Don’t feel that your salary is low but your debt is high. For example, if your salary is only 4,500 yuan but your debt is 100,000 yuan, you will feel that your life is hopeless.

As long as you are willing to repay, negotiate with the platform, and repay some every month, it will eventually pass. There will always be troughs in life, but after going through ups and downs, you will always see a rainbow, so don’t worry too much.

Many customers ask, how can I repay the loan if I can’t even eat?

Don’t worry too much about this situation, because even if it does go to court, the court will formulate a repayment plan based on the actual situation. So, don’t worry, it will always get over.

All in all, does it make sense to get a credit card if you have no way of knowing whether you can pay off your debt? It is natural to pay back debts. If you cannot pay back the money, then you should not overdraw money in advance. Unless you just apply for a credit card to get some card benefits and rewards provided by the bank. For example, I will give you an air fryer, a barrel of oil, a bag of rice, etc.