1. How to deal with multiple bank credit card repayments

1. Use the minimum repayment function

Each bank All of them will have a minimum repayment function. As long as the minimum repayment is paid, the bank will not charge late fees and will not affect your personal credit. 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 it can only be used as a temporary delay.

2. 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.

3. Change the billing date to extend the repayment period

The billing date cannot be changed casually. Generally speaking, it can only be changed once every six months. Some banks change it once a year. It can only be changed once.

4. Take the initiative to explain the situation to the bank for negotiation

If you are unable to repay the loan for a period of time due to special circumstances such as work, you can proactively call the bank to explain the reason and prove that it is not malicious. Also, there is indeed a reason. Discuss whether you can delay the repayment. Never change your phone number and ignore the bank. This will destroy your personal credit, unless you will never deal with the bank again.

2. Consequences of non-repayment of credit cards

1. Overdue interest will be charged

After a user uses a credit card to overdraft, it usually takes more than 20 days to more than 50 days. Interest-free repayment period ranging from days to days. If the cardholder fails to fully repay the overdraft within this interest-free repayment period, the cardholder will no longer enjoy the bank's interest-free treatment for all expenses incurred last month, and the recurring daily interest rate is as high as 0.05%. , that is, the annual interest rate reaches 18.

2. Credit card late payment fees will occur

Credit card late payment fees refer to when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount , the fees payable to the card-issuing bank according to regulations. At present, the standard for late payment fees of most banks such as China Merchants Bank, China Construction Bank, ICBC, and Shenzhen Development Bank is 5% of the unpaid portion of the minimum repayment. The minimum late payment fee for CCB Long Card is 5 yuan, while the minimum late payment fee for CMB Dual Currency Credit Card is 10 yuan. RMB or 1 USD.

3. Bad credit records will be generated

Overdue repayments by credit card users will be recorded in bad credit records, and the basic database of personal credit information has been networked nationwide. As long as residents are in the bank If you have handled a loan business, applied for a credit card, or provided guarantee for others, you can check your credit report at any domestic commercial bank. For customers with bad records, banks will treat them with caution in future loan applications and may require customers to provide mortgages and guarantees, may reduce the loan amount, increase the loan interest rate, or even refuse the loan. On the contrary, if the credit report has a good record, you may enjoy preferential treatment in terms of amount and interest rate in future credit business.

4. Litigation fees may arise over time.

If the cardholder fails to repay the overdraft after 2 months, the bank will call the user to remind the user to repay. If the loan is not repaid, the bank will ask a lawyer to issue a lawyer's letter to the user. If the user still refuses to repay after 180 days of overdraft, the bank will file a lawsuit in court, and the losing party will bear the litigation costs of the case. When a bank sues to require the user to repay, the bank usually wins, so this part of the cost will be borne by the user. bear.

If you cannot afford to repay your credit cards from multiple banks, you need to negotiate with each bank in a timely manner, actively communicate with each other, and strive for a better repayment method, otherwise the bank will directly Applying to the court for enforcement will have a great impact on your work and study. In serious cases, you will bear criminal liability. Therefore, you must pay back the money if you borrow money, so as not to cause unnecessary trouble.