1. What is the new policy for credit cards that are unable to repay in 2022?

The new policy for credit cards that are unable to repay in 2022 is reflected in the following five points.

First, you can apply for an interest-free period. According to the old regulations, the longest interest-free period for credit card applications can only be 60 days, and the shortest is 25 days. However, in the new regulations in 2022, the interest-free period can be changed according to the actual situation.

Second, you can make the minimum repayment. Cardholders can agree with the bank on a minimum repayment amount acceptable to both parties based on their own circumstances.

Third, the overdraft interest rate range can be modified. In the new regulations, the overdraft rate range is changed to 0.035%~0.05%.

Fourth, sentencing standards. Among the new regulations in 2022, the sentencing standard for credit card debt will be raised to 50,000 yuan.

Fifth, cancel late payment fees. In the new regulations, late payment fees are changed to liquidated damages, and liquidated damages will charge 5% of the minimum repayment refund.

Sixth, polite collection. Even if a cardholder becomes overdue, the bank can only limit its collection efforts to one or two calls a day. There should be no violent collection behavior.

2. What are the ways to deal with an overdue credit card?

There are two ways to deal with an overdue credit card.

First, repay in installments. If the amount of debt owed is relatively high and the financial ability of the cardholder is poor, you can choose to repay in installments and divide the entire bill into multiple installments for repayment. If you have difficult circumstances, you can also apply for personalized installment repayment.

Second, minimum repayment. If the cardholder is unable to repay the card in full and on time in the short term, he or she can choose the minimum repayment, which can avoid being collected by the bank and being sued. Wait until your funds are in place and then pay back all the debt.

3. What should you do if you really have no money after your credit card expires?

If you really have no money after your credit card expires, you can still negotiate with the bank to suspend interest rates and hang accounts.

No matter who you owe money to, you will eventually have to pay it back, not to mention the money you owe to the bank, which you cannot afford to let go. If the bank comes to you, it is better to negotiate the installment by yourself. You can explain your difficult situation to the bank staff, and then indicate that it is not malicious to overdue the loan, provide relevant supporting materials, and submit an application for personalized installment repayment.

If all the information you provide is true and meets the requirements for personalized installment repayment, then the bank will sign a new agreement with you, which can be repaid in up to 60 installments, and will Stop the interest accrual and pay it back slowly and eventually you will be able to pay it off.