What to do if your credit card is seriously overdue and you have no money?

What to do if your credit card is overdue and you are unable to repay it:

1. Make the minimum repayment: Credit card is If the minimum repayment can be made, as long as the cardholder repays the minimum repayment amount required by the bank on the repayment date, it will be regarded as normal repayment;

2. Apply for negotiated installments. For users whose credit cards are overdue, the China Banking and Insurance Regulatory Commission will give them the right to apply for personalized installments. Therefore, users can apply to the corresponding bank to repay the current overdue balance in installments. When the repayment pressure is reduced, subsequent repayments will be easier. It should be noted that if a personalized installment plan is reached, no overdue payment will occur again.

3. Apply for deferred repayment: If the user cannot pay off the credit card on the day of repayment, but will be able to turn over his own funds soon, he can directly contact the bank customer service and apply for a short-term credit card repayment extension;

4. First find family members for turnover: If the user's funds are really unable to be transferred, then you can first find relatives and friends for turnover, and first resolve the debt owed to the bank to avoid the risk of overdue credit card repayments.

What to do if your credit card is overdue and you have no money?

Solutions to your overdue credit card and no money to pay back: 1. Use the delayed service provided by the bank: If the funds are only one or two days short of If you can repay it, you can take advantage of the bank's deferred repayment service. Banks generally have a 1-3 day deferred repayment service. As for the specific number of days, each bank is different. It is best to consult the customer service of the relevant bank. 2. Apply for credit card installment or minimum repayment: If you are still unable to repay the credit card in the short term, you can consider applying for credit card installment or repaying the minimum repayment amount. Although these two methods require paying a certain amount of interest to the bank, they also avoid the consequences of overdue payments. of bad credit history. 3. Effectively change the billing date: If you predict that a certain bill may not be paid by then, you can apply to the bank to change the billing date before the bill comes out in order to extend the repayment period. Of course, the statement date cannot be changed simply by changing it. You need to consult the bank to confirm the specific situation. 4. Ask friends or family to borrow money for turnover: Ask friends or family for turnover, borrow some money to pay off the credit card first, and then pay back the money when you have sufficient funds. Article 196 of the Criminal Law of the People's Republic of China: Whoever commits credit card activities under one of the following circumstances and the amount is relatively large shall be sentenced to not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other If the circumstances are serious, the sentence shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the fine shall be not less than 5 years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan. A fine of not more than 10,000 yuan or confiscation of property: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identification; (2) Using an expired credit card; (3) Pretending to use another person’s credit card; (4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank. Anyone who uses a credit card at the same time shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

What to do if your credit card is overdue but you have no money temporarily

1. You can explain the situation to the bank.

2. Apply for installment repayment and try to reduce the monthly repayment amount to the minimum so that you can pay it off slowly.

3. If you just don’t have money temporarily, you can also borrow money from your friends and repay it. Later, when you have money, you can return it to your friends. However, you must repay the loan on time.

2. What will happen if your credit card is overdue?

First of all, let’s talk about what may happen after your credit card is overdue. Usually after the due date, the bank will remind you by phone, text message or email to allow you to repay within the specified time range. At the same time, certain late fees, interest, over-limit fees, etc. will also be incurred after the due date. You will also have a bad credit record. If you take out a loan to buy a house or a car in the later period, it will be greatly affected. This is equivalent to the bank having "broken off" with you and no longer being a trusted partner. .

There may also be calls from collection companies and various collection methods. The most serious thing is that you will receive a letter from a lawyer, and you are very likely to face a lawsuit and jail time.

This is the end of the introduction about what to do if your credit card is overdue and you have no money, and what to do if the money you owe to your credit card is overdue. I wonder if you found the information you need?