1. What should I do if I really can’t pay back my credit card?

1. Ask relatives and friends to borrow money

If I really can’t pay back my credit card If you are in debt, you can first borrow some money from relatives and friends to repay part of the debt to avoid increasing interest and liquidated damages.

2. Negotiate with the bank

If the first method does not work, you can negotiate with the bank to find a repayment plan that is beneficial to both parties.

3. Use the minimum repayment amount function

Every bank will have a minimum repayment amount function. As long as the minimum repayment amount is paid, the bank will not charge late fees, and It will not affect personal credit. However, interest will be charged for paying the minimum repayment. Although the pressure will be reduced, compound interest will occur, which will be relatively troublesome and can only be used as a temporary deferment.

4. Use the installment function

If you are under pressure to repay, you can directly apply for bill installment. Generally, banks provide 3, 6, 9, 12, 18, and 24 installments** *Yes, you can choose the number of installments according to your repayment ability, which can alleviate the repayment pressure and will not affect your credit.

2. How to solve the problem of not paying the credit card to the bank

1. Carry out collection

Depending on the overdue time, different collection methods are adopted.

If the collection is overdue for 7 to 5 days, the bank customer service will collect it through text messages; if it is more than 30 days and less than 90 days overdue, the bank customer will call to collect the collection; if it is more than 90 days overdue, the bank may send someone to collect the collection. ; If the debt is overdue for more than half a year, the bank can also outsource the collection to a third-party company, which will handle the collection.

2. Report to the Central Bank

As long as the payment is not overdue, the bank will also report the cardholder's overdue behavior to the Central Bank's credit reporting system while collecting the payment. However, it is not necessary to report the overdue amount immediately. Many banks report it once a month. If the minimum payment is not made by the next billing date, the credit report will 100% be reported.

3. File an appeal

If the credit card is overdue for more than 3 months and has received 2 valid collections from the bank but still has not repaid, it will be considered a malicious overdraft. For credit cards, if the amount is more than 50,000 yuan, the bank will go to court and sue. The consequences are very serious.

If you owe a credit card, you can communicate with the bank and apply for an extension of repayment. If you do not repay the credit card, the bank will collect it, and there will also be an overdue record. You need to apply for a credit card to a commercial bank and provide materials for the bank's review. After the bank agrees, it will set up a credit limit for the credit card account and send a bill to the cardholder once a month. After receiving the bill, the cardholder must return it in time. Credit card debt.