Credit cards are one of the fastest-growing products in China’s personal financial services market. In 2020, the cumulative number of credit cards issued in China will exceed 800 million. At the same time, the accumulated repayment amount due to overdue credit card payments has also soared. By the end of 2018, the overdue amount of credit card payments had reached 861 million yuan.

After entering 2019, the People's Bank of China released the overall operation of the payment system in 2019. The total amount of overdue credit cards in the first half of the year was 74.266 billion yuan. By the end of 2019, the total number of credit cards issued nationwide had reached 746 million, a year-on-year increase of 8.78%.

The issuance of a large number of credit cards by major banks has indirectly led to an increase in overdue amounts. In 2020, the total overdue amount of credit cards nationwide has exceeded 80 billion.

The consequences of overdraft on a credit card vary from mild to severe. An overdraft of more than 50,000 yuan is considered a large amount, an overdraft of more than 500,000 yuan is considered a huge amount, and an overdraft of 5 million yuan is considered a large amount. Extremely huge. In order to avoid being filed for investigation, users can take the following remedial measures after overdue:

1. Express willingness to repay to the bank

If the credit card is overdue and cannot be repaid, tens of millions Can't escape. First of all, you need to get in touch with the bank, indicate your current economic situation, take the initiative to express your willingness to repay, and hope that the bank will coordinate and customize a reasonable repayment plan, and then work hard to raise money and pay off the debt.

2. Ensure smooth calls

Bank staff will continue to contact users after the expiration date, but do not deliberately avoid these calls. After answering the phone, you should promptly explain your willingness to repay and your current financial pressure, and ask for a grace date.

3. Negotiate installments

If the cardholder is indeed unable to repay the amount required by the bank, he or she can apply to the bank for an extension or installment policy and sign a personalized installment agreement. Make monthly repayments according to the negotiated amount to avoid being sued.