Many cardholders overdraw their credit cards, are unable to repay them, and give up on themselves, thinking that they owe so much and can't pay it off anyway, so they might as well not pay it back. And it is very dangerous to do so. You must know that in addition to repaying the huge overdraft and interest, you will also bear legal liability, so it is better not to give up treatment. If it really doesn't work, you can try the following methods to see if you can solve it.

How to remedy the credit card debt

1. Ask relatives and friends for help

Ask relatives and friends to borrow money and pay back part of it first. When borrowing funds, it is best to work out a repayment plan, write an IOU, and pay some interest. This will make it easier to gain trust.

2. Apply for installment payment

This method is the simplest, but it is best to choose the appropriate installment amount and installment amount according to your own situation. If you cannot repay a large consumption in the short term, the installment amount should be Slightly longer. However, please note that those who have already applied for installments cannot make further installments. They can only be counted in the minimum repayment amount and must repay the minimum repayment amount.

3. Repay according to the minimum repayment amount

If you cannot repay the full amount in the short term, you can repay according to the minimum repayment amount. Generally, you only need to repay 10% of the current bill amount. That’s it, it’s not overdue, but the unpaid portion will no longer enjoy the interest-free repayment period. Interest will be calculated on the full amount from the date of consumption, with a daily interest rate of 0.05%, and compound interest will be calculated on a monthly basis. The longer the repayment period, the The greater the benefit.