1. How to deal with credit card overdue for 3 years

1. Contact the bank and sincerely apologize

Regardless of whether it is 3 years overdue Has the cardholder taken the initiative to contact the bank during the year? But since he wants to resolve this matter once and for all, he must actively contact the bank, apologize sincerely, and strive for the bank's understanding.

2. Explain the reason for overdue

If it is overdue for 3 years, it is useless to just verbally explain the reason for overdue. The cardholder must provide a reason for the overdue payment that the bank can trust, such as family financial difficulties due to a sudden major illness, or bankruptcy due to some force majeure. In short, provide official certificates to convince the bank that the overdue payment is indeed excusable.

3. Repayment

No matter how much you talk about it, it is not as practical as repayment. Cardholders must pay off the balance to the greatest extent possible, and the penalty interest and late fees accumulated within 3 years of overdue payment must also be paid off. If there is really no way to repay the debt, you can only apply to the bank for a suspension of interest rates.

2. Will you be sentenced if your credit card is overdue for 3 years?

Not necessarily. Although the standard for sentencing for overdue credit cards is three months overdue and an amount of more than 50,000 yuan, banks attach great importance to the cardholder's repayment attitude.

Whether the bank collects the money itself, asks a third-party company to collect the money, or even takes the cardholder to court, the bank’s ultimate goal is to recover the debt. At worst, even if you take the person to court and go to jail, you will still have no money to pay back. Instead of doing this, it is better for both parties to take a step back. The cardholder promises the bank the repayment date and amount, and the bank pays more. Some time, this is the best option for both parties.

Therefore, when cardholders really have no money to repay after the due date, they must keep in touch with the bank and actively negotiate repayment issues to avoid being deemed as malicious defaulters.

3. The credit card is overdue and it is true that you cannot pay off the debt

If you are really in financial difficulty and have mortgaged all your worth and it is not enough to pay off the debt, you can actually try to apply for an interest suspension with the bank. On account.

1. The amount of the debt far exceeds the repayment ability, and the cardholder does not have any property that can be used to mortgage the debt;

2. The cardholder has sufficient and reasonable overdue reasons reason. For example, for financial difficulties caused by illness, natural disasters, bankruptcy and other objective factors, you can provide proof from the relevant departments;

3. The cardholder needs to take the initiative to apply and submit an application on his own initiative. A feasible repayment plan. The plan should state how long it is expected to be paid off and how much the monthly payment is expected to be.

Cardholders can negotiate repayment with the bank after sorting out the above materials. If it is really overdue for a long time, it is almost difficult to ask the bank to waive the interest. It is best to take the initiative to pay back part of it to show your sincerity, and then negotiate with the bank for the remaining balance.

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