after the credit card expires, there is a third option. After consultation with the bank, both parties can work out an acceptable installment repayment plan within the cardholder's ability.
if the credit card is overdue, the first thing to do is to pay off the arrears in time and maintain a good credit. Don't close your account in a hurry if you pay the arrears after the deadline. You can use this card more often, and repair the credit record. If it is a good credit card, the overdue record will be topped by the good record. According to the law, if the credit card holder fails to repay the minimum repayment amount for more than three months in a row, the bank has the right to bring a lawsuit to the court. However, under normal circumstances, the cardholder's destruction is just overdue and the bank will not bring a lawsuit to the court. The bank will contact the cardholder first to urge him to repay. If the cardholder fails to repay the loan within the time limit or cannot contact the cardholder after collection, the bank will bring a lawsuit to the court. Full repayment. If conditions permit, the overdue payment fee and corresponding interest of the credit card should be paid back; Negotiate with the bank to solve it. If you have no repayment ability, you can explain your actual situation to the bank official.
after the credit card is overdue, it cannot be repaid. If you apply for installment repayment, the credit cards of major banks have the ability to repay by installment. Apply for delayed repayment, take the initiative to contact the bank to show that it is difficult to repay, and apply for delayed repayment; Apply for the minimum repayment amount. Applying for the minimum repayment amount can maintain the reputation and reduce the repayment pressure in the current period; Borrow money to repay, borrow money from family, friends or online lending platforms to avoid continuous dunning by banks.
a general description of the purpose of the loan, so that the bank can know the general purpose of the money. The proof of inability to repay (unemployment certificate, disease certificate, difficulty certificate, bankruptcy certificate), no matter what kind of proof is expressed, the central idea is that it is really unable to repay, so as to really promote negotiations. When submitting the installment repayment application, the bank should also ensure the safety of its own funds. Proof of income, according to the proof of income, how to stage with the bank, how much to pay each month, and how much to pay.