1. What should I do if I owe seven credit cards and can't pay them back?

1. Loan repayment:

When the credit card is not returned, you can borrow it from relatives and friends to solve the repayment crisis first and ensure that the credit card is not overdue. After this time, you can repay your relatives and friends.

2. Application for extension:

You can call the customer service phone of the credit card bank, explain why the credit card is still unavailable, and apply to the bank for deferred repayment. It is hoped that the bank will agree to postpone repayment and repay in accordance with the new deferred repayment method.

3. Negotiate repayment:

If the credit card can't repay, take the initiative to contact the bank customer service, negotiate to apply for repayment, and re-establish the repayment plan. However, the agreed repayment needs to be audited by the bank, and the repayment can only be made according to the new repayment method after the approval.

Second, the consequences of credit card inability to repay

1. If it is temporarily unable to repay, it shall negotiate with the bank to extend the repayment period or return it in installments.

2. If the bank sues the court and wins the case, and fails to perform the court judgment during the performance period, it may apply to the court for enforcement.

3. When the court accepts enforcement, it will inquire about the real estate, vehicles, securities and deposits in your name according to law.

4. In addition, if you have no executable property in your name and refuse to perform the effective judgment of the court, your personal credit report will have negative information such as overdue payment, and will be restricted from high consumption and entry and exit, and may even be judicial custody.

3. What happens when a credit card is sued for overdue?

1, continuous dunning by the bank

(1) When the borrower's repayment is overdue, the customer service center of the bank credit card will call several times first;

(2) If the payment is still unpaid, the bank will entrust a third party to collect it, usually through continuous telephone calls, text messages or even door-to-door collection;

(3) After repeated dunning, the bank will sue to the court.

2. Being sued by the bank, unable to apply for a loan.

Cardholders will be added to the credit blacklist and cannot apply for loans. The court will collect the loan. After receiving the court summons, after investigation and persuasion, urge the cardholder to repay. However, if the cardholder refuses to repay, the court can take enforcement. Subsequently, the court will realize the cardholder's assets to repay the card debt and freeze the related property.

(1) A credit card overdue for three months can be regarded as a malicious overdraft penalty, but if you communicate with the bank in advance to prove your repayment ability and repayment plan, you will generally not face criminal responsibility.

(2) However, the cardholder who refuses to return the card after the court's judgment may face the consequences of three years' imprisonment and a fine if the circumstances are serious, especially if the circumstances are serious, he will face a longer imprisonment of three to seven years and pay a fine.

The overdue repayment of many credit cards means that you need to get in touch with the credit card center in time to negotiate repayment. If the cardholder still has no willingness to repay or actively cooperates in this case, it may be considered as malicious overdue behavior and there is a risk of being sued to the court.