How to fix a friend’s overdue credit card

1. It is best to continue using this card

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

2. Don’t run away

If you are overdue for a long time, credit card interest will compound and there will be high late fees. Due to ignorance, some people not only refuse to repay the loan, but also "run away" by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that the bank can't do anything to them. In fact, this approach is very wrong and absolutely undesirable. When applying for a credit card, the real-name information has been recorded by the bank. Once it "runs away", the bank will identify malicious overdrafts and arrears and call the police.

3. Inability to repay must be explained 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. Specifically, there are several methods you can try:

1) How many days will the application be postponed?

Find a reasonable reason, and take the initiative to call customer service a few days in advance to apply for a postponement. God, it's generally okay.

2) Apply for bill installment

Although applying for bill installment can alleviate the short-term repayment pressure, you also need to pay the installment fee. Appropriate bill installments will be helpful to increase the balance. It is best to use an installment amount of about 30 for bill installments. If the amount is too low, the bank will not make money; if the amount is too high, the bank will feel that we have no money. 30 is the best golden ratio. If it is really difficult to turn over funds in a short period of time, then take more money in installments, and you may pay a certain amount of extra interest.

3) Minimum repayment

Minimum repayment can also alleviate short-term repayment pressure to a certain extent. However, the bank calculates interest on the full amount, and the minimum repayment interest is very high.

4) Repay by intermediary

Finding an intermediary is also a common method used by many people. However, this approach can easily cause the bank to reduce the limit and block the card.

4. It is best to repay in full and explain

If you forget to repay due to usual carelessness, and you find that it is overdue, you must repay in full as soon as possible, 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.

Don’t run away from an overdue credit card. You must proactively contact the bank that issued the card, truthfully explain your situation, show that you did not intentionally fail to repay, and truthfully inform you of your difficulties. I hope Negotiate with the bank to re-formulate personalized installments, or apply to the bank to defer repayment.