Sample application form for credit card exemption:

I (xx) successively used our bank’s credit card to spend xx yuan in xxx. Later, due to unemployment and no other financial resources, I was unable to repay the credit card. Overdraft limit.

Now I am willing to borrow money from my parents to repay the entire principal, but due to limited ability, I am unable to repay the entire debt. Now I sincerely request the bank leaders to consider my actual situation and exempt some of the overdue interest and late payment fees.

Please approve the above!

XXX

Loan overdue usually means that after the loan expires, the borrower has not completed the relevant extension or refinancing procedures. Under the premise, the loan principal and interest are not returned to the bank that issued the loan according to the loan time limit stipulated in the loan contract, resulting in a phenomenon that the loan exceeds the agreed time limit.

In reality, whether it is an enterprise or an individual, it is actually possible for a loan to be overdue. In such a case, it is natural to bear overdue liability to the bank or financial institution, which usually means paying liquidated damages.

Overdue repayment after a credit card overdraft is a breach of contract. The bank can require the cardholder to repay the principal as well as overdue interest, late payment fees, over-limit fees, etc.; if the bank sues in court and wins, the bank can require the cardholder to repay the principal, overdue interest, late payment fees, over-limit fees, etc. The cardholder also has to bear the costs of litigation.

Secondly, if the cardholder maliciously overdrafts to a certain amount for the purpose of illegal possession and fails to repay the amount overdue, this constitutes the crime of credit card fraud and he will also bear criminal liability.