1. Seek help from relatives and friends

Borrow some money from relatives and friends for turnover, but this method is also relatively difficult. When borrowing money, you must make a repayment plan and write a IOUs, with agreed interest, will be slightly easier to borrow. Next, let’s explain the second point in detail.

2. Take the initiative to negotiate with the bank

According to Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, the debtor can negotiate with the bank for personalized installment repayment.

In other words, under special circumstances, it’s not that you don’t want to pay off the credit card debt, you just can’t pay it off temporarily. Then you can communicate with the bank and ask for a personalized installment repayment agreement. The repayment time can be extended to up to five years and repaid in up to 60 installments.

The following will teach you the techniques for negotiating overdue credit card repayments.

1. Prepare relevant documents to prove your liabilities and income and provide them to the bank. These are usually credit reports and income certificates issued by companies or units to prove that you do have stable repayment ability. .

2. Develop a repayment plan. For example, if you want to pay in 12 installments, 24 installments...60 installments, etc. (maximum 60 installments), how much will you repay in each installment? This plan must be reasonable. It can be accepted by both you and the bank. For example, if you owe 40,000 yuan, you can repay it in 20 installments, with a monthly repayment of 2,000 yuan. This is reasonable.

3. If the bank or collection company has engaged in illegal collection behavior before, you can use this as a favorable basis for negotiation. As permitted by the law, you must do everything you can to make money. The prerequisite for negotiating repayment is that you must have the ability to repay, otherwise everything will be in vain.

In a word, the longer the overdue period, the greater the impact. Regardless of the impact on credit, criminal liability may also be pursued. After two bank collections and failure to pay back in three months, it can be classified as a malicious overdraft. Therefore, it is recommended to deal with it as soon as possible.