Remedy for credit card overdue for 6 months

First of all, cardholders need to record the overdue credit card amount and make a summary and statistics. Then take the initiative to call the card-issuing bank and inform them of the situation and reasons why they are unable to repay, and during the communication process, inform them of the time when they can repay.

Secondly, be sincere and express your strong intention to repay and want to communicate with the bank to negotiate repayment. Then negotiate with the bank and sign the contract and matters of the installment repayment agreement after both parties reach an agreement.

Finally, make the minimum repayment if you can, and if you cannot afford the minimum repayment, repay a little bit according to your ability every month, so that the bank knows that the cardholder is paying back every month. payment.

In general, when the bank agrees to repay the loan on time, the user can negotiate with the bank on a method that suits them. Since each bank's situation is different, the bank may not necessarily agree to the cardholder's agreed installment in this case. Even if the card issuing bank disagrees, the cardholder still needs to repay a small amount of the balance every month.

Credit card, also known as credit card, is a non-cash payment method and is a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud. Enjoy an interest-free period of 25-56 days (or 20-50 days). Card consumption enjoys an interest-free period, and there will be no fees if you pay off the bill before the due date. There is no interest-free repayment period for cash withdrawals. A daily interest rate of 0.05% will be charged from the day of withdrawal, and the bank will also charge a certain percentage of cash withdrawal fees.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95 countries around the world. In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

What are the remedies for credit cards that are 6 months overdue? You can try these three points

When the credit card application is approved, the cardholder will definitely be very happy, but while he is happy, he will also be more or less worried about the overdue credit card issue. Many times, credit card overdue is not intentional on the part of the cardholder. Sometimes it is because the repayment date has been forgotten, and sometimes it is because the annual fee is overdue. What are the remedies for a credit card that is 6 months overdue?

What are the remedies for credit cards that are 6 months overdue?

1. Repay as soon as possible

After a credit card is overdue for a period of time, all the cardholder has to do is to pay off the balance as soon as possible. Because once it is overdue, it will cause a bad credit record for the cardholder's personal credit. The overdue time of a credit card is also graded. The shorter the overdue time, the lower the grade, which will have an impact on the cardholder's future economic activities. The smaller it is.

2. Don’t lose contact

After the credit card is overdue, the bank’s back-end system will receive the message immediately and will remind the cardholder to repay through text messages, phone calls, etc. . If the cardholder has not repaid the loan, banks will generally send reminders via phone calls and text messages every day.

When being collected, cardholders must keep their mobile phones open, answer customer service calls on time, and have a better attitude. If they refuse to answer customer service calls, the bank may think that the cardholder is maliciously overdue, and the time exceeds After 120 days, the bank may have the cardholder.

3. Don’t cancel the card

Many people try to cancel the card immediately after paying off the loan after the credit card is overdue, but in fact this is very bad.

Because the consumption and overdue records on the credit card will always be recorded on a rolling basis. If the cardholder cancels the card, the card's record will always stay at the overdue point.

It is recommended that cardholders stick to using this credit card after paying off the overdue credit card, and use new consumption records to cover the old bad records. However, you must remember to repay your loan on time to avoid having a bad credit record again.

The above are the answers to related questions about "remediation of credit card overdue for 6 months". I hope it can help everyone!

What happens if your credit card is overdue for 6 months?

Consumption payments no longer enjoy interest-free repayment. The card-issuing bank will calculate interest on the principal of the consumption amount on a daily basis from the day the consumption occurs, with a daily interest rate of 0.5% and compound interest on a monthly basis. For the unpaid portion of the minimum repayment amount, a late payment fee of 5% will also be charged on a monthly basis. At first, the cardholders will be reminded through customer service and collection staff, and then reminder calls and letters will be issued. If you receive a demand letter or a lawyer's letter and still fail to repay, the card issuing bank will report it to the central bank, which will cause a stain on your credit record, and finally use legal means to force repayment.

Introduction to credit cards;

1. Also called a credit card, it is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

3. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards where the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit cards A debit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the card can be overdrafted within the specified credit limit. The so-called credit card generally refers to a credit card only. Starting from January 1, 2021, credit card overdraft interest rates will be determined independently by card issuers and cardholders through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. 0.7 times).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

What should I do if my credit card is six months overdue and I have no money?

Overdue credit cards usually have the following consequences:

1. Incurring overdue interest, liquidated damages and other fees: Overdue credit cards will calculate interest from the day the card is swiped, usually 50,000 per day Interest is compounded on a monthly basis; liquidated damages are generally 5% of the unpaid portion of the minimum repayment amount.

2. Bad credit records: After overdue, bad records will appear on personal credit reports, which will affect future loan applications.

3. You may face criminal liability: If you are overdue for a long time and the overdue amount is large, you may receive a payment reminder from the bank; if you still do not repay the debt after the bank reminds you, you may face criminal liability. Criminal liability.

In general, the impact of overdue credit cards is still relatively large. It is recommended that you make sure to repay on time.

If your credit card is about to expire or has already expired, it is recommended that you call the bank's customer service phone number in time, proactively explain the situation, find out whether you can apply for a deferment of repayment or a reduction of penalty interest, and repay it as soon as possible.

If your credit card limit is not enough, you can consider using big-brand credit products such as Alipay, Tencent Weilidai, and Duxiaoman Financial Youqianhua. Youqianhua is a credit brand under Du Xiaoman Financial, which provides users with safe, convenient, unsecured, and unsecured credit services. To borrow money, go to the Du Xiaoman Financial APP.

Duxiaoman Financial will effectively implement the country’s call to support small and micro enterprises to overcome difficulties. Its credit service brand has money to fully support the production and operation of small and micro businesses. Duxiaoman Financial is the owner of most small and micro businesses. first choice. It is reported that 70% of Duxiaoman Financial’s credit users are small and micro business owners. Up to now, Duxiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners.

This answer is provided by Kangbo Finance. Kangbo Finance focuses on interpretation of hot financial events and popularization of financial knowledge. It adheres to professionalism and pursues fun, and produces financial content that people can understand, using vivid and diverse methods. Deliver financial value. Hope this answer is helpful to you.

Can the Bank of China credit card pay less late payment fee if it is overdue for six months?

If you fail to repay the minimum payment amount before the due payment date (inclusive), the bank will A penalty of 5% of the unpaid portion of the minimum repayment will be charged. It is recommended that you repay as soon as possible to avoid incurring more additional fees.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

That’s it for the introduction of credit cards that are six months overdue.