At that time, not only was my credit card overdue, but I also had an overdue online loan, totaling more than 400,000 yuan, all of which were the result of starting a business. After the Chinese New Year in 2018, I went out to work to earn money to support myself. As a person in his late thirties, not only did he not make any money from starting a business, but he also had debts, debt collections, and bank and credit card collections.

Later, I just made money to support myself. I stopped paying off credit card and online loans. I worked part-time as a side job and saved all the money I earned.

Negotiate the repayment slowly, repay the principal if you can, and get less interest if you can.

I did make money by using my free time to do side jobs, but it involved too much effort. To be honest, I still feel tired when I think about it now, but there is no way. Who is not making money? Moving forward with a heavy load, whoever makes money is not working hard. Just work hard.

It’s pretty good now, I can earn more than 2,000 a day, and my debts have been paid off, but I don’t want to live in poverty anymore, and I don’t need to use Alipay to borrow money. Return to cash life.

If you can’t afford it, just don’t pay it back. Life has to go on. I think it’s better to face it calmly.

Regarding the subject’s question about how to deal with overdue credit card payments if you can’t afford them. ? This problem is a two-sided problem and cannot be dealt with by a slap in the face.

Find your own problems:

The credit card is overdue, which means that you do not have a full understanding of your financial situation and think that you can repay the credit card as soon as you spend it. Now the situation is that you find that you can no longer afford to pay off the credit card. I hope you can learn from this lesson and don’t apply for a credit card easily in the future. They are just the icing on the cake and will never help you when you need it. Furthermore, if you don’t have hundreds of thousands of funds in reserve, don’t apply for a credit card. Because you are unable to repay the loan, it will eventually lead to a lack of credit, which will bring many negative impacts. Credit cards are a double-edged sword.

Bank problems

Logically speaking, we cannot blame the bank if we are overdue. In addition, we are often short-term and like to blame others when we encounter problems. We never blame ourselves. Find the reason in yourself. But I think the bank is doing something wrong. That is, they have no bottom line in credit card issuance. They will issue cards to people when they see them. Their purpose is to hope that everyone will use their cards to spend, so as to squeeze out the last bit of money from your wallet. Split the money. But this way, for many of us young people, if they don’t have the ability to control themselves, not only will their wallets be drained, but their credit will also be drained, so I think banks still need to raise the threshold for applying for cards.

Final summary:

I think credit cards are not suitable for our country’s national conditions. We have just entered the level of a middle-income country. Now everyone should develop good financial management and savings skills. Get used to it, instead of guiding everyone to apply for a credit card and spend money in advance. The current approach will only allow more young people in our society to overdraft their credit in advance, and it will be a problem for them to get loans to buy houses and cars in the future. The best way is for banks to stop issuing credit cards and to become a conscientious and responsible bank. Socially responsible enterprises are fundamental. And you yourself must experience this pain personally before you will understand what self-control is, what it means to act within your ability, and what the dangers of lack of credit are. With this lesson learned, you should not make any detours with credit cards in the future.

I never use credit cards.

I now have four credit cards, with a total limit of more than 200,000, because stores cannot open due to the epidemic. This has resulted in difficulty in cash flow, and my credit cards are all overdue. I learned about the repayment software through a friend, and now I can pay off the bill just by paying a small fee, which has helped me avoid overdue payments. I hope the epidemic will end as soon as possible and work hard to make money.

First of all, being overdue is very detrimental to an individual. Being overdue will affect your credit record and have an impact on subsequent loans. There will generally be a grace period of three days after overdue payment, and repayment within the grace period will be deemed to be repayment on time. If it is overdue, if it involves loans later, you can only go to a small loan company.

If it is overdue, 30 days overdue, the credit score will be counted as 1. In this case, you can negotiate with the bank and pay off the debt at the same time. During this period, the overdue record may not be reported to the central bank, but you must communicate with customer service What you say must be well-founded. If you are overdue for too long, your credit report will be stained, you may face high penalty rates, or you may even be sued by the bank. Therefore, it is best to pay the minimum repayment amount first if you cannot afford it temporarily. If there is really no other way, control it within 30 days and there is still a chance to remedy the situation. If there are stains on your credit report, it will be deleted after five years, which is very detrimental to the individual.

No matter how much debt you have, there is hope only if you survive, so solve the survival problem first and then consider the debt problem.

981 Debt Diary, focusing on credit card overdues

You can negotiate with the bank to suspend interest and repay slowly

At that time, I was not only overdue on credit cards, but also overdue on online loans. , a total of more than 400,000, all of which were gained from starting a business. After the Chinese New Year in 2018, I went out to work to earn money to support myself. As a person in his late thirties, not only did he not make any money from starting a business, but he also had debts, debt collections, and bank and credit card collections.

Later, I just made money to support myself. I stopped paying off credit card and online loans. I worked part-time as a side job and saved all the money I earned.

Negotiate the repayment slowly, repay the principal if you can, and get less interest if you can.

I did make money by using my free time to do side jobs, but it involved too much effort. To be honest, I still feel tired when I think about it now, but there is no way. Who is not making money? Moving forward with a heavy load, whoever makes money is not working hard. Just work hard.

It’s pretty good now, I can earn more than 2,000 a day, and my debts have been paid off, but I don’t want to live in poverty anymore, and I don’t need to use Alipay to borrow money. Return to cash life.

If your credit card is overdue and you are unable to repay the principal in one go, you can actively negotiate with the bank for personalized installments. The interest-free principal installment can be made up to 60 installments over five years to avoid unnecessary civil issues. Criminal liability and no collection worries.