As long as there is a debt on a credit card, the bank will pursue it and require the debtor to repay the credit card arrears through reminders, lawsuits, etc. Banks shall not use improper collection practices such as violence, coercion, intimidation or abuse when collecting debts.

According to Article 67 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", the card-issuing bank shall promptly remind cardholders of the overdraft amount, repayment date and other information that is about to expire. Exceptions include cases where the cardholder provides false information or changes contact information without notifying the card-issuing bank.

If you have a credit card debt and cannot pay it back, you can refer to the following methods:

The first point: use the minimum repayment function

Each bank will have its own With the minimum repayment function, as long as you pay the minimum repayment amount, the bank will not charge late fees, and it will not affect your personal credit. Generally speaking, the minimum repayment amount is 10% of the total bill amount. For example, if you have consumed the bill this month 10,000 yuan, the minimum repayment is only 10,000*10=1,000 yuan.

However, interest will be charged for repaying the minimum, which is 50% interest per day. Therefore, as long as you repay the minimum, although the pressure will be reduced, compound interest will occur, which will be relatively troublesome, and you can only For temporary delay.

Second point: Use the installment function

If you are under pressure to repay, you can directly apply for bill installment. Generally, banks provide 3, 6, 9, 12, 18, and 24 installments. ***Yes, you can choose the number of installments according to your repayment ability, which can alleviate the repayment pressure and will not affect your credit;

The disadvantage is that there will be handling fees, and each bank It’s different, usually between 0.6-0.8.

The third point: Change the bill date to extend the repayment period

Note: The bill date cannot be changed casually. Generally speaking, it can only be changed once every six months. Some banks change it once a year. One time, some banks can only change it once.

The fourth point: Repay by applying for a card or raising the limit

If you can apply for a card again or raise the limit, you can also use the card to replace the card, but this method requires Use it well, otherwise the outcome will be the same, so the solution is to understand and be familiar with several functions of credit cards, and then implement them in conjunction with these basic functions.

Point 5: Take the initiative to explain the situation to the bank for negotiation

If you really cannot repay the loan for a period of time due to special circumstances such as work, you can take the initiative to call the bank to explain the reason and prove that it is not the case. There is indeed a reason for not repaying the loan maliciously. Discuss whether you can delay the repayment. Never change your phone number or ignore the bank. This will destroy your personal credit. Unless you no longer deal with the bank in the future, and the credit card is overdue and the credit report is on, it will affect your daily life.