What should I do if I can’t pay off my credit card?

Instalment payment. Applying for the maximum amount of installment payment can not only relieve the pressure of monthly repayment, but also not incur more interest. Choose the monthly minimum repayment function. The minimum repayment amount is generally 10% of the total bill. As long as you ensure that you repay the minimum repayment amount every month, it will not affect your personal credit and will not incur late payment fees. To apply for a deferment of repayment, go to the bank to apply for a deferment of repayment and state a clear repayment date, then you will have three days to defer repayment. Find someone to repay the credit card on your behalf, find some institutions or individuals that repay the credit card on your behalf, and you only need to pay the interest to the individual or institution that repays the credit card on your behalf every month for the time being. If citizens are unable to repay credit cards and online loans, they can solve the problem by paying the minimum repayment amount, using the bill installment function, and actively negotiating with the bank to explain the situation. Then when using a credit card, you must pay attention to the repayment date and repayment date. If the party fails to fulfill its repayment obligations in a timely manner, it will not only result in a certain late payment fee, but will also affect its own credit record.

What to do if we are unable to repay the credit card debt

1. If we are really unable to repay the credit card debt, we can proactively contact the bank to inquire about the amount of debt and interest and explain the current situation to the bank. It's not that I don't want to repay the debt, but I really feel powerless, so I expressed my intention to repay the bank to avoid being charged.

2. After actively communicating with the bank, apply to the bank for personalized installment payment, and make reasonable installments based on your economic status and income expectations.

When you are unable to repay your credit card debt, you must not wait for the bank to collect the debt, but take active measures and proactively communicate with the bank.

According to the provisions of Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay. Yes, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years. Therefore, under normal circumstances, banks will handle it according to the actual situation.

What to do if the credit card cannot be paid and how to solve it

If the credit card cannot be paid, the best solution is to negotiate with the bank for repayment. The content of negotiated repayment can include deferred repayment, interest exemption, etc. After receiving the negotiation application, the bank will review it based on the user's specific situation. After the review is passed, the user can successfully negotiate. If the review fails, the user must pay off the overdue balance as soon as possible.

Only if the payment is overdue, the user can negotiate with the bank. Therefore, it is best for the user to repay the loan on time before it is overdue.

1. Various situations of overdue credit cards:

1. The credit card is overdue but has been repaid later

Many people will encounter this situation. In this case, it basically only affects the personal credit system. Your overdue status will be recorded in the credit reporting system.

If the overdue time is not long, it will basically not affect the use of the card.

2. If your credit card is overdue, negotiate repayment with the credit card center

When your credit card is overdue, you will usually receive a call from a collection officer to remind you to repay the credit card. At present, credit cards can be repaid in installments. If there is a problem, you can negotiate repayment with the credit card center. This situation is the same as the first one. It will affect your personal credit report, but it will not cause particularly serious consequences.

3. Credit card center, mediation or enforcement

Some people in life are unable to pay off their credit cards because they are deeply in debt. At this time the bank will file a lawsuit by delivering a summons to the overdue user. During the course of the lawsuit, the bank may also apply for property preservation, freeze the borrower's bank account, and seize vehicles and other real estate.

4. Failure to repay the debt and the amount is huge

In this case, the bank may charge you with a crime and be sentenced according to Article 196 of the Criminal Law for credit card crimes.

2. The worst consequences of not paying back your credit card are:

1. Going to the credit bureau: There is no doubt about this. If the user’s credit card repayment is overdue, the credit bureau will naturally be listed, resulting in Personal credit defaults will leave a stain on the credit report.

2. Penalty interest: Like a loan, if you use a credit card overdue, you will be charged penalty interest. Generally speaking, it is charged at the rate of 10,000 yuan per day, and the compound interest calculation method is used. Over time, it will be a very large amount. Big expenditure.

3. Collection: In addition to the collection department of the bank, it is also likely to be outsourced to a third-party collection company. Various collection methods and frequent collection frequencies are a problem for the debtor himself and his relatives and friends. A huge "test".

4.: There are serious differences in overdue situations. If it is just a general overdue payment and is repaid after collection, then it is not a big problem. It only takes a period of time to collect the credit, but if it is overdue for more than 3 months, then the bank is likely to proceed. At that time, he will be listed as a dishonest person and become a defaulter, and it will be very troublesome to limit high consumption.

What should I do if my credit card cannot repay the loan?

If your credit card temporarily has no money to repay, you can defer the repayment or apply to the bank for the minimum repayment. If the overdraft amount reaches more than 10,000 yuan and is not repaid for more than 3 months after two collections by the card-issuing bank, it constitutes a credit card crime and will be prosecuted for criminal liability. If all overdraft interest has been repaid before the public security organ files the case, and the circumstances are obviously minor, criminal liability may not be pursued in accordance with the law. If the person still refuses to execute the judgment, he will be suspected of refusing to execute the judgment or ruling.

"Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards" Article 6 The cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and has been called for collection twice by the card-issuing bank If the money is still not returned more than three months later, it shall be deemed as a "malicious overdraft" as stipulated in Article 196 of the Criminal Law. Any one of the following circumstances shall be deemed as "illegal possession for the purpose" as stipulated in the second paragraph of Article 196 of the Criminal Law: (1) Knowing that one has no ability to repay and making a large overdraft that cannot be repaid (2) Wantonly Squandering overdraft funds and being unable to return them (3) Escape after overdraft, changing contact information, and evade bank collection (4) Escape and transfer funds, conceal property, and evade repayment (5) Use overdraft funds to carry out illegal and criminal activities (6) Other behaviors of illegally possessing funds and refusing to return them.

Please click to enter the picture description (maximum 18 words)

What should I do if I don’t have the money to pay back the credit card?

If I don’t have the money to pay back the credit card, we need to discuss it in two situations. One is temporary lack of money to repay, and the other is long-term lack of money to repay.

1. Temporarily no money to repay: There are many ways to solve the problem. For example, you can apply for credit card installments, or apply for deferred repayment, or make minimum repayments, which can reduce the repayment pressure. You don't need to repay so much money at once to avoid overdue payments, but depending on the method you choose, the repayment pressure in the later period will be different.

Don’t make blind impulse purchases that result in no money to repay the credit card

2. Long-term lack of money to repay: If you cannot repay the loan on your own, it is best to start raising funds before the repayment date. To repay money, whether it is asking someone to borrow money or selling assets, as long as you can raise money to repay, it is a good way. If you really can't raise the money and have no choice but to let your credit card expire, it's better to contact the card issuer to negotiate repayment if it takes a long time.

What should I do if my credit card is not repaid on time?

As we all know, while credit cards allow us to use overdrafts, they also have billing dates and repayment dates. The billing date is the bill for the amount you consumed last month, and the repayment date is the amount you used to use the credit card before repaying it. What should I do if I have an overdraft amount but my credit card is not repaid on time?

1. If you really are unable to repay the loan, you can call the bank to apply for an extension. This is a more appropriate method.

2. You can also borrow money from relatives and friends and repay it first, at least the minimum repayment amount, so as to ensure that your personal credit record will not be affected. Otherwise, the bank will determine that the repayment is overdue, and you will no longer be able to apply for credit cards and loans within a few years.

3. In addition, it should be noted that banks now have a three-day grace period for credit card repayments. If you pay off the credit card debt within three days of the last payment date of the credit card, it will not be considered overdue.

The above is the solution to the problem of not paying off the credit card in time. Friends in need should quickly learn about it.

This ends the introduction on what to do if you don’t have a credit card and what to do if you really don’t have the money to pay off a credit card. I wonder if you found the information you need?