Solutions to the credit card’s minimum repayment:

One: Ask family members to help

This is suitable for asking family members to pay off the debt together, and the problem is solved If you are stuck in debt, no matter how hard you work, you can make money.

Two: Find a credit card repayment APP to help with repayment

If you really can’t find a family member to help you, you can choose to find a credit card repayment APP to relieve the pressure, but you must find it For companies that are compliant and registered, multiple consultation rates can be avoided to avoid excessively high installment rates and falling into an endless pitfall.

Three: Control expenses and work hard to make money

Increase income and reduce expenses, work more part-time jobs. Increase income and reduce expenses are extremely important for people who are in debt. Control expenses. You must also find ways to make money.

The minimum repayment of a credit card, as the name implies, is the minimum limit. If you cannot pay the minimum repayment, the following consequences may occur:

1. High interest will be generated And late payment fees, and the longer the delay, the greater the repayment pressure on cardholders. This is a vicious cycle.

2. Credit cards that are overdue for more than 2 months will be frozen (the specific time depends on the bank regulations). Generally, you can only deposit but not withdraw.

3. Having a bad credit record will have a negative impact on future applications for credit cards or loans, and the credit limit of existing cards will also be reduced. Under normal circumstances, if a cardholder is overdue three times (a short overdue period), the bank will report it to the central bank, and the central bank system will assign a bad credit record. Cardholders within three times will only be displayed in the bank. Banks generally reserve a two-day "grace period" for customers. That is to say, even if the customer repays within two days after the "last payment date", it will generally not be regarded as "repayment overdue".

4. If the cardholder insists on not repaying the loan, the bank will sue. If it constitutes a malicious default (change of contact information, contact address, and the credit card balance owed is relatively large), the bank will charge "suspected credit fraud" "The card holder will be held criminally responsible for the crime, and in serious cases he will be imprisoned. According to relevant regulations, if a cardholder cannot repay the minimum repayment amount for three consecutive months, the bank has the right to file a lawsuit in court.