What should I do if I owe 300,000 on my credit card and I really can’t afford to pay it off?

With the development of society, our lives are getting better and better, and many new things have emerged, such as credit cards. When you have no money, you can pay with a credit card first, but some people owe I bought a credit card worth RMB 300,000 and I really can’t afford it, what should I do? I think the first thing is to call and negotiate with the bank. Secondly, you can ask friends to borrow money. In addition, you must find a way to repay the money. I will explain it to you in detail next. 1. You can call and negotiate with the bank first.

I have a friend who also owed hundreds of thousands to the bank, and he couldn’t really afford it, so he took the initiative to call and negotiate, telling the bank his current situation, and also told the bank that although he still couldn’t afford it, he If you can’t afford the money, but you will pay it back slowly, the bank doesn’t have to worry that you won’t be able to repay the money. In this way, the bank may be willing to let you postpone the repayment, so it is also a very good way to deal with it, and it also gives the bank It expresses an attitude of admitting one's mistakes. 2. You can borrow money from friends.

Just like my friend, after he negotiated with the bank, the bank told him that he could borrow money from friends first, so he asked all our friends to borrow money. Some people prefer to save face. , I don’t like to find others, and I don’t pay back the money I owe to the bank in such a situation. In fact, this is very bad. It will affect my own car ride, and also affect my children’s future schooling, etc., so if If possible, you can borrow money from friends first and repay as much of the money as possible. You can pay your friends back later if you have money. 3. Be sure to find a way to repay the money.

For ordinary people, 300,000 is actually not too much. Even if you may have to repay it for many years, you still have to pay it back and cannot run away. As mentioned above, after following After negotiating with the bank, you can think of ways to make money. There are some jobs that are relatively high-paying but difficult. You can also try to find ways to make money in various ways. If you can't pay back within 5 years, you can also make money in 10 years. In short, it's like many People must keep their word and cannot refuse to pay back money just because they cannot afford it.

In short, in our current society, a person's credit is very important. If you lose trust among friends, your friends will not be willing to play with you. If you lose trust among banks, the bank will On the one hand, we are unwilling to lend ourselves money, on the other hand, it will affect our future work and study, etc., and it may also affect our children, so the harm is very great, so we can call the bank to negotiate first and express ourselves Attitude, ask for help, and you can also ask friends to borrow money. In addition, you must find a way to pay back the money and work hard.

I owe 300,000 yuan to my bank credit card and I can’t pay it back. What should I do?

Actively negotiate with the card issuing bank. For banks, even if they cannot pay it off in one go, they can still make a repayment plan in the form of installments. If the repayment continues to be overdue, the bank will basically choose to enforce the relevant assets in the name of the debtor. At this time, you will face a relatively complicated situation, and you may even be suspected of credit card crimes and be held criminally responsible.

Extended information:

The consequences of overdue credit cards are: high fees, impact on personal credit, and legal risks.

1. High fees

If your credit card is overdue, you will have to pay back the overdue interest and overdue fees. Generally speaking, this fee will be higher than the normal repayment fee because its interest rate is very high. Generally speaking, the interest rate for overdue credit cards is 0.5% per day. This interest rate is compared with bank deposits and bank deposits. In terms of loan interest rates, this interest rate can be said to be very, very high. If the overdue benefits are too late to repay the interest, it may become more and more, like a snowball, getting bigger and bigger. In the end, it will really be impossible to pay off, so credit cards If it is overdue, you must pay it back as soon as possible, otherwise the fees may be too high and you will really be unable to pay it off.

2. The impact of personal credit

Overdue credit cards will be recorded on the credit file of the overdue person. When you use a credit card at a credit bank, there will be a problem with your credit and you will not repay it in time. Loans will have an impact on future personal credit and work, and will even have a serious impact on future home loans, car loans, and work and life.

I believe many people are aware of the importance of personal credit. In today's information age, people without credit can hardly get anywhere, and the credit report is also very important for personal credit. Once your credit card is overdue, your credit report It will show that you have had an overdue credit card, which will be very serious.

3. Facing legal risks

When a credit card is overdue, you should be very proactive in repaying the overdue amount, otherwise the bank will have the right to file a complaint through legal channels, or even To freeze assets, just a bank credit card will face legal risks. What's more, real estate can be frozen and real estate auctioned. It will lead to more personal losses, so if you owe money on your bank credit card, you must take the initiative to pay it back in a timely manner. And while you are spending money, you must pay attention to your financial ability, and never let your bank credit card become overdue.

What should I do if I owe 300,000 to my credit card?

Thanks for the invitation. It seems that you are really troubled. You have to take the initiative to solve this matter yourself. First, you must have the determination to take the initiative. You have already spent a lot of energy and money on this matter, but the loopholes are getting bigger and bigger. This time you must pay it off immediately and completely. The second is to take the initiative to confess to your wife and explain clearly the ins and outs of this matter. I think that with your patient and careful guidance, she will plug this bottomless pit for you. After all, the amount is not high for both of your incomes. It's pretty big. "Share blessings together and face difficulties together" is the characteristic that a husband and wife should have.

I owe 300,000 yuan, and I think the subject is already having a hard time repaying it!

First of all, stop swiping your card! Prevent the hole from getting bigger!

Call your card-issuing bank to express recognition of the current debt and willingness to repay it. However, due to business failure and other reasons, it cannot be repaid in the short term. I hope to negotiate a solution with the bank! Remember, your attitude is the basis for determining whether you can get personalized solutions in the future!

The second step is to consider the repayment arrangement based on your work income. It doesn’t matter if your current income is less. Do what you can to increase your income sources. At the same time, save all unnecessary expenses and buy a capital-guaranteed financial management product! "Increasing revenue and reducing expenditure" is the economic basis for you to be able to repay your loan as promised!

The third step is to prepare for the worst! If the bank rejects your negotiated settlement, be prepared! The first is to continue to call and strive for negotiation, and the second is to explain the matter to family and friends, hoping to get help!

Finally, I would like to suggest that the subject should not go too far! Do your best to pay off your debts, and maybe you can have unexpected life gains in the process!

Owing to a credit card of RMB 300,000 is indeed quite a lot. Of course no matter what, we. The first thing to think about is how to pay off the credit card. Because thinking about anything else is meaningless and useless.

Then 300,000 RMB is indeed a large amount. We will not investigate where the original poster used the money. What we have to do now is to try our best to pay back all the money.

Because if the money used by the card is not returned for a long time, it may cause a credit card crime. In this case, you are likely to go to jail. This brings very bad factors to the landlord. Then we will try our best to pay him back.

Try to pay off all these small credit cards first, and then close the account after paying off. Then you should never use these low-denomination credit cards. And for those with large credit card debts, should we repay them in installments as much as possible? Just divide it as long as you can, because the longer you divide it, the less pressure you have to repay.

In short, no matter what, the money must be repaid. The poster is thinking about how to take advantage of the situation and how not to repay it. This is absolutely not feasible.

Thanks for reading, please add my following.

The down payment was 200,000 with a credit card, and the monthly payment was 3,300. Then I paid 90,000 in full for the parking space. At the beginning of the year, I swiped another 40,000 by credit card to buy a business car due to business needs. The monthly payment was 2,600. Now, in addition to the mortgage and car loan, I still owe I have a credit card of 340,000, and the average debit card is more than 180,000 a month. If you can't pay back the card, you can send me a private message and I will give you a reliable POS machine. I will share my method. I hope it can help you. Please don't bother me, it's all suffering. Dear young people, I hope we can all weather this storm and make all the hardships come to an end.

Repaying debts is a matter of justice. The money you owe on your credit card must be paid back.

Suggestions

1. Go to the card issuer first and discuss how to repay the loan. It is a method that you can afford to repay without defaulting.

2. If you want to borrow money to repay, it is recommended that You should borrow money from your parents, sisters, brothers, that is, your own relatives who are unlikely to be forced into debt. Do not borrow money to repay card debts or various social loans (), otherwise, you will fall into a pit of fire. .

3. Be careful and pay close attention to credit card debts. In addition to having a bad credit record, you may also be charged with criminal liability.

4. In the future, you should strengthen your money and consumption planning, and use money and consumption within your own ability.

I wish you can solve this problem as soon as possible, work hard and make money, and I wish you all the best!

I owe 100,000 on a credit card

Let me talk about my personal views: 1. Based on your current actual situation, if it is not overdue, I advise you to overdue it quickly and don’t hold on. You can only support the 300,000 limit. The card also costs about 3,000 per month. If you pay the minimum monthly interest of 10%, the minimum monthly interest is 4,000-5,000. If you do this, the hole will get bigger and bigger, and it will be overdue sooner or later. The credit card of the post-90s generation has been overdue for more than half a year. 100 billion, plus countless credit card risk control inexplicable reductions at the end of last year and the beginning of this year. Don’t worry about overdue interest and penalties, because it’s useless to think about this in your current situation. Your life is very difficult. What you have to do is not to lose contact after the due date, explain the situation to the bank, pay back a few yuan or more every month, and negotiate in the future when you have money.

2. Your credit card has been overdue for one year. If this is the case, it may be a bad debt. If you pay less every month to ensure your living expenses, don't worry about the bank. It's useless. It's you. Depending on your situation, there is nothing you can do if you don’t have money to pay back, but life will go on, and people can make money while they are alive. Calm your mind and don’t think about this. Just think that everyone in the country owes 500,000, and you will have a balance in your heart. Remember Don’t sink deeper and deeper, brake in time, there will be a solution when things happen! Hope this helps! Good luck!

Many people now owe credit card debt, ranging from hundreds to thousands to tens of thousands or hundreds of thousands. Some are over-consumption, and some are overspending to make business turnover losses. In the end, they all became card slaves

Many of my friends became card slaves, and two of them owed more than 300,000 yuan. But the current situation of the two people is very different. Let’s call him Xiaojia first. Xiaojia is a top student who graduated from a key university. After graduation, he was admitted to work in a government department. However, he had no resources and was always just a general clerk. My parents helped me buy a house, and my wife and I took out a loan to buy a car worth more than 100,000 yuan. Originally, his living situation was pretty good, but Xiao Jia, who worked in the government, had little work pressure and had a lot of free time. He tried to go out with some friends to play mahjong and crack golden flowers. Gradually, the more he played, the more he got into trouble. When I went in, I first borrowed money from relatives and friends, and then started using credit card money and the consumer loans behind the credit cards to gamble and pay off the debt, and finally fell into ruin. The house was mortgaged, the car was sold, and the wife was divorced. Because the debt was too much and too long, the bank lost her job and was sentenced to 5 years. She is still in jail. My parents shed tears all day long. Friends around me felt it was a pity.

Another friend of mine will be called Xiao Yi. He is a junior college graduate. His parents are ordinary workers and his family is not very well off. He just graduated and was lucky enough to join a large state-owned enterprise. He worked steadily for several years, got married and had children. , as time went by, the relationship between the job and the connections at the workplace was not improving. I had more children, and the expenses gradually increased. I did not want to do mediocre work, so I considered resigning and starting a business. Now, business is not so easy to do. With little experience, the couple soon ran out of their usual savings. Xiao Yi felt that the chosen industry still had great potential, so she persisted and used the credit cards she applied for while working at a state-owned enterprise to cash out to support her work. Income has decreased, business has not improved, and I have gradually applied for more and more cards (later I applied for cards through cards and found cards affiliated with friends and companies), and my card debt is more than 300,000 yuan. But maybe because of Xiao Yi’s family background, he is more resilient and dares to work hard. Since I discovered that the monthly cash-out turnover costs are not low, I have started to use my free time to learn how to maintain a card, dabble with banks, and reduce expenses and losses. On the one hand, the credit card debt is paid in installments, and on the other hand, it is repaid on time or in advance (although the interest-free period for early repayment is shorter and the cash-out fee is higher, the overall credit report shows that the debt is low). In this way, the cards in your hand are often There is an increase in the amount, which increases the utilization rate of funds.

In addition to doing this, Xiao B also used his friend's furniture business to make some investments. He obtained low-price vouchers from his friends and sold them to people in need to earn the price difference. Because I am popular and my friends are willing to help, sometimes a set of mahogany furniture can be resold for tens of thousands in profit. After more than 2 years of hard work, Xiao B finally came ashore, paid off his credit card debt, and treated us friends who had been helping him to a feast that day. Xiao B burst into tears that day. Thinking about the years of being in debt, Xiao B worked hard to make money every day and night. Now he is finally free. We are also sincerely happy for him. We can understand why a grown man can cry so earth-shatteringly. Now Xiao B's business is on the right track, and his credit card funds have exceeded one million. He can be regarded as a winner in life among ordinary people.

Two friends, the same credit card debt, but the endings are very different, we are also sad.

More than three hundred thousand, it may be more or less, it is already owed, so face it positively, make installments, postpone the monthly repayment pressure, and repay on time every month. Do two more jobs to increase your income. Only with income can you make up for the shortfall. Put aside your stature, inertia, and take action. The worst thing you can do is begging. If you don't die, you will eventually come out. Being in debt is not a scary thing. As long as you have a hard-working heart and don’t waste your money in wrong ways. With reasonable planning and hard work and study, there will always be a day when you can make a difference.

Don’t worry, just let nature take its course. If you don’t get there, you won’t get there anymore. Live every day well. If there is really no way to survive, then commit crimes. At least you can still live. If you find a collector and cut him off, you will be paying for his life. I planned to do this, but on the way to Tianjin, there was a collector who was looking for death.

1. Comprehensive control over consumption

If you want to save yourself from credit card debt, the first thing you have to do is to control your spending. In the days to come, everyone must learn to live a "tight life", reduce unnecessary payments as much as possible, and just maintain basic living expenses.

2. Extend the repayment period

If your current credit card bill can still be used for installment, then apply for installment. Generally speaking, the bill installment of a credit card can reach 12 installments, and some credit cards can be longer. In order to alleviate the current repayment pressure, everyone should instal everything they can and determine the number of installments based on their future repayment ability.

In addition, when you repay your credit card bill, you can choose to use the minimum repayment amount to repay and extend the repayment period.

3. Increase your income

In order to pay off your credit card debt and achieve self-help, everyone needs to increase their income. You can use weekends and nights to find a job to earn more income every month.

4. Selling property

In order to save yourself, everyone needs to bear the pain and sell some of their valuables in exchange for a certain amount of cash to repay credit card debt.

5. Ask parents and friends for help

Faced with bills that are about to be due and cannot be postponed, everyone can only ask parents and friends for help and borrow a sum of money from them for emergency use. Although it is embarrassing to do so, it is much better than having a stain on your credit report or even becoming a blackmailer.

I hope my answer can help you

Will you go to jail if you owe 300,000 on your credit card?

Don’t go to jail if you owe 300,000 on your credit card. If you fail to repay the bank loan, it is only a civil matter and you will not be held criminally liable or jailed.

After the bank wins the case, if the party fails to fulfill the judgment within the performance period, it may apply for compulsory execution. When accepting compulsory execution, the property, vehicles, securities and deposits in the name of the debtor will be inquired according to law.

In addition, if the debtor does not have enforceable property and refuses to perform a valid judgment, negative information such as overdue repayment will be recorded in the personal credit report, restricting high consumption and entry and exit, and may even lead to judicial detention.

If your credit card is overdue, penalty interest will accrue, and interest will be calculated on the full amount, with a daily interest rate of 0.5%. For example, if your credit card is overdue for 5,000 yuan and the number of overdue days is 30 days, the penalty interest is 5,000 × 0.05% × 30 = 75 yuan.

In addition, in addition to interest, overdue penalties will also result in liquidated damages. Different banks have different charging standards for liquidated damages. Generally speaking, most banks’ credit card liquidated damages charging standards are basically set as 5% of the unpaid minimum payment amount.

We know that overdue is a kind of breach of trust. Once a credit card is overdue, the bank will report the overdue record to the central bank's personal credit report. The overdue record will be retained on the personal credit report for five years. During this period, when applying for a bank loan, you may encounter high interest rates, small loan amounts, or even the loan application is directly rejected by the bank.

Credit reports are currently mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

In addition, for those whose overdue circumstances are particularly serious, their travel will also be affected. They will not be able to fly, high-speed rail, stay in hotels, or use mobile phones to make overdraft purchases. Their children will not be able to attend key schools, and it will be difficult to move forward without trust.

Credit card debts are protected by law. If a cardholder maliciously overdrafts and fails to pay overdue, he is suspected of credit card crime and will be punished by law and face jail time. The penalty depends on the overdue circumstances. The more serious the circumstances, the heavier the penalty. If the overdue amount is particularly large, you may even be fined.

Banks are the ones who suffer the most from overdue cardholders. In order to reduce losses, banks will generally reduce the credit card limit of cardholders, or even directly block the card. Once your credit card limit is reduced or blocked, it will be difficult to increase or unblock it. When using a credit card, you must repay it on time. Overdue behavior is not advisable. You must not take risks, let alone take chances, otherwise the consequences will be serious.

This concludes the introduction on what to do if you owe 300,000 on a credit card and what to do if a person is imprisoned and owes 300,000 on a credit card. Did you find the information you need?