Many cardholders start to panic when the credit card is overdue, and even worry that it will bring a series of consequences. Admittedly, overdue credit cards may lead to a series of serious consequences, but this does not mean that overdue credit cards are really terrible. There is a simple reason. As long as the credit card overdue person faces the problem directly, it is not a dream to go ashore overdue! The following teaches cardholders how to deal with the situation caused by overdue credit cards.

What if the minimum repayment amount is too high to repay?

Because many people are too late, even the minimum repayment amount stipulated by the bank cannot be directly borne. In this case, you can apply for debt restructuring, and then negotiate with the bank to stop paying interest in installments. Generally speaking, through the communication between lawyers and banks, the amount of repayment that cardholders can bear each time can be negotiated, and in addition, there is an opportunity to waive liquidated damages and interest.

How to negotiate if the interest and liquidated damages are too high?

The reason why many cardholders are overdue is that the bank's liquidated damages and interest are too high, even if this amount is too high for many cardholders. In fact, in this case, you can apply to the bank for relief of liquidated damages and interest. When banks collect liquidated damages and interest, they usually charge less than 24% of the annual interest, so they can ask banks to reduce the excess, and some banks can charge interest and liquidated damages, so as cardholders, don't panic, but should actively negotiate with banks.