If you cannot repay the debt, you should seize the time to contact the bank.
What should you do if you are unable to repay the credit card in one lump sum after it is overdue:
1. Try all kinds of methods Collect money to repay as much as possible and let the bank waive part of the interest penalty. Then pay it off in one lump sum.
2. Take the initiative to contact the bank to explain the overdue situation and strive for the opportunity of interest-free installment.
3. Arrange debts, plan repayments reasonably, negotiate second installments, stop interest penalties, stop collections, and repay in 1-5 years. Stop losses promptly to avoid prosecution.
Banks can negotiate with cardholders on an equal footing:
1. Special circumstances
Such as illness and hospitalization, unemployment, natural disasters, business failure, fraud, etc. However, it does not mean that you can just say it. Banks are very particular about evidence, so you have to provide the bank with proof of special circumstances.
2. Confirm that the amount of credit card debt exceeds the cardholder's repayment ability
This means that due to special circumstances, it is indeed beyond his or her repayment ability, and the existing income is not proportional to the debt. . For example, if you have a debt of 100,000 yuan and a monthly income of only 3,000 to 4,000 yuan, and there is really no way to repay this debt in the short term, provide your income certificate or salary statement to the bank.
3. If the cardholder still has the willingness to repay the card
How can we prove the willingness to repay the card? Don't lose contact after the due date, so that the bank can contact you, and repay more or less every month is the most effective way to prove your willingness to repay, rather than malicious overdue payments. Even if you have not repaid the loan after the due date, you still have to give the bank a reasonable explanation so that the bank can accept it.
4. Seek assistance when necessary
For example, mediation centers, consumer protection agencies, professional consultation agencies, etc.
1. Generally speaking, a stable job is a necessary condition for successfully applying for a credit card. Of course, this is not absolute. For example, many universities now have card processing services specifically for college students. This is to apply for a credit card unconditionally. College students only need to bring their personal documents and student ID cards to the bank to apply for it.
2. First, citizens who are over 18 years old and have the capacity for civil conduct are required.
3. It is required to have a stable income and provide proof of income, firstly to prove the ability to repay, and secondly to use it as a reference for setting the credit card limit. If you have successfully applied for a credit card, you can use the card to apply for a card, and the process will be much easier.
4. The personal credit report must be good and have no bad records.
5. Whether you can successfully apply for a credit card is also related to your occupation. For example, security, self-employed, farmers, etc. are more difficult to successfully apply for.
6. Foreign and overseas personnel and active-duty military officers who receive the card in their own name should provide a temporary household registration issued by the local public security department or a certificate issued by the relevant department. They must also provide a guarantee unit that meets the guarantee conditions or have a local household registration. , a guarantor working locally.