Everyone who uses a credit card needs to repay it on time. Everyone knows this, but some people will be short of funds due to some reasons. What should you do?

What should you do if you really can’t pay off your credit card?

1. Borrow money from relatives and friends: If you really can’t pay off your credit card, you can first borrow some money from relatives and friends. Pay off part of the debt to avoid increasing interest and liquidated damages.

2. Negotiate with the bank: If the first method does not work, you can negotiate with the bank to find a repayment plan that is beneficial to both parties.

3. Use the minimum repayment amount function: Every bank will have a minimum repayment amount function. As long as the minimum repayment amount is paid, the bank will not charge late fees, nor will it affect your personal credit. However, interest will be charged for repaying the minimum repayment. Although the pressure will be reduced, compound interest will occur, which will be relatively troublesome and can only be used as a temporary deferment.

4. Credit card smart repayment tool: it uses the balance of 10% in the card to automatically pay off the monthly bill to avoid credit overdue. You can learn more about it on the official account (Life Assistant Butler)

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No matter which of the above methods is used, it only treats the symptoms but not the root cause, so when you have sufficient funds on hand, pay it off as soon as possible.

I hope the answer can help you, and I hope you will adopt it!