1. What should I do if I can't repay my credit card?

If the cardholder can't solve the debt problem at one time, he can negotiate with the bank to explain that he really has the willingness to repay and take the initiative to negotiate. Control the monthly repayment range within the scope of personal ability to reduce economic pressure. When negotiating with the bank staff, explain the current situation and then negotiate to stop payment.

It is best to record the whole process as evidence, including the outsourcing debt collection company calling and threatening you to record. If negotiation fails, evidence can be left to ask the CBRC to intervene.

Be careful not to refuse the phone call from the bank. Many cardholders are afraid to answer the phone of the bank, so they choose to escape. However, if the cardholder refuses to accept it, the bank will think that the cardholder has maliciously overdrawn, which greatly increases the possibility of being sued.

Second, what are the consequences of owing a credit card?

1, with a high penalty interest. After the credit card is overdue, not only the handling fee but also the interest will be charged. Interest is charged at 0.5% per day, and penalty is charged at 5% per month. The interest of the second month is included in the principal, so if the credit card debt is not paid off in time, it will only be more and more owed.

2. Affect credit reporting. If the repayment is made on time, the credit investigation will have a good repayment record. If the credit card is not repaid, the overdue repayment record will also be displayed in the credit report. Now, whether it is to go to the bank for loans or to the online lending platform for loans, lending institutions will check the borrower's credit information. Once there are many overdue records and the overdue time is long, it is difficult to apply for a loan.

What are the consequences of being sued for failing to repay a credit card?

When the cardholder's credit card debt is higher than 50 thousand yuan and there is malicious overdraft, the cardholder may go to jail. But if the above conditions are not met, there are only three results.

1, the court ruled that the cardholder can only borrow money everywhere to repay the arrears, otherwise the bank will freeze the credit card in the cardholder's name and auction other assets to repay the arrears.

2. The court ordered the cardholder to repay the arrears, but the cardholder still could not repay. At this time, the court will negotiate the repayment agreement between the bank and the cardholder association, how much to pay each month, how many installments to pay, and so on.

3. After the judgment of the court, if the cardholder is still unable to repay the loan and unwilling to negotiate with the bank, the court will include the cardholder in the list of untrustworthy people and restrict all high-consumption behaviors of the cardholder afterwards.

Having said that, everyone has a certain understanding of what to do if credit cards are unable to repay. If you can't pay off your credit card, you must not escape. We should actively negotiate with banks to stop paying accounts or repay them in installments, reduce expenses and pay off debts as soon as possible.

The consequences of overdue are still very serious. If it is not handled in time, it may face litigation risks. Contact legal counsel to solve your overdue troubles.