If you owe a credit card, you can apply to a financial institution for deferred repayment and actively pay back the money. When the debtor fails to perform the due debt, the creditor may retain the movable property that the debtor has legally possessed, and enjoy the priority of compensation for the movable property. Article 412 of the Civil Code: If the debtor fails to perform the due debt or realize the mortgage according to the agreement of the parties, resulting in the collateral being sealed up according to law, the mortgagee has the right to collect the natural fruits or legal fruits of the collateral from the date of sealing up, except that the mortgagee has not notified the debtor who should pay off the legal fruits.
Credit card debt is too high, what should I do?
First, congratulations! Too much credit card debt shows that you are a valuable honest man in the eyes of the bank!
Secondly, since you asked this question, it shows that you don't have much money in your hand now and you can't pay your debts! Then, I will give you some suggestions from the following aspects!
The first is to keep your credit card limit. It will take you some time to do this. The first is to sort out the credit cards under your name as a whole! Then modify the bill and stagger the billing time of the credit card to reserve enough time for returning the card in the future! The second is to rob Peter to pay Paul the day before the bill is issued to reduce the credit card bill, so as to reduce your credit card debt first!
The second is to make money, no matter how big or small, what comes to you now is your life's money! Save face, make more copies and earn even ten dollars more!
Third, tidy up your good friends, confess to them and agree on the repayment time, and see if you can borrow some interest-free money to pay off the credit card debt!
The fourth is to confess to family and relatives. Help if you can, and don't blame if you can't!
Fifth, don't do credit cards, don't do online loans, and park your debts on your current credit card!
Sixth, gradually cancel the small credit card in your hand and cancel the credit card with the same authority! Show me your credit conditions, let the bank give up the idea of reducing the large number of cards in your hand and buy you more time to pay off your debts!
To sum up: credit cards are good, but don't be greedy!
Excessive credit card debt is a headache and distress for many people. There is a reason why credit card debt is too high. Let's find out the reason first, and then seek the solution.
First of all, the high total credit is the basic reason. Every credit card has a certain limit, and there are very few credit cards without a limit. If there is no limit, it is not a credit card. After all, no one wants to use a card with no limit, and then there is an annual fee. Then the level of this credit line determines how much you can spend. If the amount is relatively low, even if there is time to spend, it is unlikely that there will be too much debt. This will only happen if your total credit is too high. Thus, it is not necessarily a good thing that the credit limit of a credit card is too high. When doing a credit card, the cardholder will resent the low amount, and when it comes to repayment, he will complain that it is difficult to repay. Therefore, living within our means and rational consumption are the correct ways to use credit cards.
Secondly, the income level can't keep up with the consumption speed. When we apply for a credit card, one of the important information is the annual salary of tens of thousands, which is directly or indirectly related to your credit card limit. Some people just like to blow. Obviously, their annual income is less than 50,000 to 80,000, but they just write 10 to 200,000. This will easily cause the bank to misjudge when reviewing your information, think that you belong to a high-consumption group, and raise the quota. Although it temporarily meets your demand for the quota, it also lays a time bomb for the later repayment difficulties. The principle of bank approval is also very simple, that is, the income level and repayment ability are at the same level. This ensures that the bank's bad debt rate is controlled. Once this balance is broken, both sides will lose. If you don't pay for the goods, all kinds of interest or handling fees are terrible. If you don't even pay the minimum repayment, the bank will report to the central bank after the deadline, which will affect your credit history.
After we know the reason why the credit card debt is too high, we have corresponding measures to prevent and deal with this problem.
Method 1: Pay the credit card bill in installments. Bill installment payment is an effective method to solve this problem at present. If you have the ability to borrow money from friends or family to fill the hole in your credit card, that's the best, at least there is no interest and handling fee. If not, please process your bill in installments immediately. The average bank can divide the bill into 3 to 36 periods. In any case, staging is also a way to reduce the pressure of repayment.
Method 2: Minimum repayment amount of credit card. This method can only alleviate the temporary emergency, and the bank will charge you the full interest and late payment fee for the minimum repayment amount. But if you have enough funds to make up for it in a short time, the next repayment can be paid in one lump sum. In this way, you don't have to pay the handling fee every month like installment repayment, which is also a trade-off skill.
Method 3: robbing Peter to pay Paul. This method is the one that most people like at present. In other words, this credit card bill will be paid with the money from another credit card. Because of you, you will be very tired. Remember the billing date and repayment date of this card every month. Then figure out how to transfer the money from this card to that card. As a result, the debt was still that debt, and the handling fee was given a lot.
Method 4: Open source and reduce expenditure. There is as much romance as there is suffering, and people who come out to mix always have to pay back. Remember all the romantic accounts in the past, and then tighten your belt to live. Increase income and reduce expenses, and pay back as much as you can. It will take three or four years to pay off the high credit card debt. This is our most effective solution, the rest is only temporary.
Hello, Kayou.
Lao Li answered in two aspects:
Did not apply for a loan or credit card,
Excessive debt has no real impact. High is high. it doesn't matter
Apply for credit cards, housing consumption loans and commercial loans.
If the debt is too high and the absolute value is too large, the impact is: credit cards are not approved, mortgages are not approved, and operating loans are not approved.
Of course, this situation is more extreme, which will really affect the approval of credit cards, mortgages and operating loans. But it is not absolute, and it has a lot to do with personal circumstances and personal qualifications.
With an annual income of 1 million, this debt may be nothing.
Annual income100000 may have an impact.
Solution:
1. If you apply for a mortgage loan,
It's very effective to suddenly make 0 orders and reduce debts in a short time.
2. If you apply for a business loan,
Your personal business situation is more important, business is good, debt is slightly higher, and the impact is not great.
3. If you apply for a credit card,
Multi-line, high utilization rate, low card amount or failure.
The final solution is: 1 If the personal qualification has not improved, make a long-term credit card 0 bill.
2. Improve personal qualifications and reduce liabilities.
This problem may be overcome if the income source can be guaranteed at ordinary times, but it is particularly prominent during this epidemic.
Suddenly, the source of income is interrupted, and if there is still a lot of credit card debt, then life will become difficult. Although the conditions for deferred repayment may be met, the bill will always come, so we should think about the countermeasures in advance.
1. installment repayment
First of all, we can consider whether we can repay by installments. Although installment repayment can reduce the repayment pressure of each installment, its influence is also persistent. Therefore, after applying for installment repayment, we must make a good repayment plan for each installment to avoid greater repayment pressure after accumulating with later consumption.
2. Temporary borrowing
Secondly, temporary loans can be considered. In fact, it is not easy to borrow money from relatives and friends. I don't talk unless I have to. Of course, the epidemic is special and understandable. Moreover, such behavior can only be done occasionally. After all, borrowing money depends on personal credit, and it is difficult to turn around if it is overdrawn. Besides, the borrowed money must always be paid back. When borrowing money, we should also make commitments and plans for later repayment, and strictly follow the plan.
increase income
Furthermore, we can consider increasing the sources of income and opening up our own income channels. How much you spend, how much you earn to match. For example, due to special reasons such as the epidemic, the income channel has been interrupted. If there are other sources of income, then you can't repay your credit card.
4. Live within your means
Finally, the most fundamental problem is to live within our means and strictly formulate personal consumption plans. Make a personal income and expenditure statement and credit card repayment plan. Resolutely control consumption beyond income capacity.
Uninstall some shopping software, cancel some unused credit cards, control consumption impulse, start bookkeeping, and start analyzing your own expenses, which may reduce those unnecessary debts and make life return to simplicity slowly.
According to the data released by the central bank, by the end of the third quarter of 20 19, the number of credit cards and debit cards in China was 734 million, up by 3.25% from the previous quarter, with 0.53 credit cards and debit cards per capita, a great improvement compared with 0. 13 before 10, so many people have credit cards. Moreover, many people not only hold credit cards, but also use them very conveniently. Don't pay it back at that time, there is an interest-free period. During the interest-free period, the funds can be used for investment, and the credit card debt will be repaid when the repayment arrives. However, many people do not plan the follow-up repayment and spend in advance, which does not match their income. This concept of spending in advance makes many people's credit card liabilities really high. What should I do?
Credit card is a tool issued by banks to spend in advance. If it is overdue, it will be used for personal credit information. Personal credit is a great deterrent to us, because if it is overdue, it means that when we apply for a loan from a financial institution, the best case is that the interest rate is adjusted and the amount is reduced, and the worst case is that we are not even qualified for the loan. I have always thought that good credit is very important, and I have learned a lesson from it.
When I bought a house on 20 13, because my credit card was overdue, the mortgage interest rate was 15%, but I was not approved by several banks for 15%. Because my credit card was overdue for many times, the commercial loan I applied for was only 10%, which means that I paid 70,000 to 80,000 yuan more for my 30-year mortgage and 200 to 300 yuan more for a month.
There are a lot of credit card debts now. What should I do if I don't want to affect my credit information?
Method 1: the minimum repayment amount, but the credit card is
Credit card repayment stipulates that if the minimum repayment amount of the current credit card is paid, the current bill will not be used for personal credit investigation, and the minimum repayment amount is generally 10% of the current credit card bill amount.
Method 2: credit card bills are repaid in installments.
Credit card bill installment refers to an early consumption method that the cardholder applies to the issuing bank for installment payment after swiping the card and before the due repayment date. It can apply for paid bills and unpaid bills. Now many banks are pushing credit card installment, so it is better to apply.
The monthly interest rate of credit card is 0.6%~0.9%, and the annual interest rate is 7.2%~ 10.8%.
Comparison between credit card bill installment and minimum repayment amount
Both the installment of bills and the minimum repayment amount can avoid credit reporting, and the current liabilities can be evenly distributed to the next few months, so that when the liabilities are too high, they can be shared by time, but the premise is that the subsequent liabilities cannot be too high, which becomes a bottomless pit.
The disadvantage of the minimum repayment amount is that you can't enjoy the interest-free period. The daily interest rate is five ten thousandths, and the annual interest rate is as high as 18%. From the interest rate point of view, it is much higher than the credit card bill installment. Comparing the two, I suggest paying by credit card.
Method 3: find temporary loans from relatives and friends and pay back the credit card arrears.
In order to prevent the credit card from being overdue, you can borrow money from your relatives and friends to pay back your current credit card, but in this case, someone must be willing to borrow it.
To sum up: if the credit card debt is too high, you can spread the current debt to next month by credit card installment, spread the debt over a period of time, and reduce the monthly repayment amount. But it's better if you have relatives and friends who can lend you money to pay back your credit card, because you don't have to pay interest, and you need a handling fee for credit card installment.
Credit card debt is too high, and there are ways and skills to treat the symptoms. But to get rid of the root cause, only by making money and making the number in the savings card infinitely larger can the problem of credit card debt be completely solved.
Let's talk about the symptoms first.
The statistical caliber of credit card liabilities is based on the consumption amount before the billing date. For example, if the bookkeeping date is 10 every month, then the statistical caliber is 1 1 to 10 next month. The sum of consumption and repayment in the middle is the bill amount of this month, and the sum is the debt amount.
If you want to reduce the apparent debt of the credit card, you can reduce the debt of the credit card by repaying it on or before the bill date. If you continue to do this, you can see that your debt is very low in the credit report of the central bank. Accumulated 6 months is the average debt ratio of 6 months.
But this can only cure the symptoms, that is, it looks good in numbers, and it will also reduce your capital utilization rate and increase the cost of reversing your card, which is not worth the candle.
Before the introduction of the second generation of credit information, debt can be reduced by bill installment, but the second generation of credit information has avoided this problem, and it is impossible to reduce superficial debt by bill installment.
Let's start with the ultimate solution. This is very real. Is to make money to make money, use money to fill the credit card debt, so as to actually reduce debt. I want to reduce my debt once and for all. This is a temporary solution, not a permanent cure, and nothing else is useful.
Credit card debt is too high, I want to get a big card, what should I do?
The card merchant tribe found that many people handled too many credit cards for various reasons, resulting in too much debt. So what if the credit card debt is too high and you want to apply for a large credit card?
Card dealers think that credit card debt is too high, and it is difficult to apply for a new card. Not to mention handling large credit cards. Because the first step we need to do is to reduce our credit card debt.
If you have a large number of credit cards in your hand, the credit card limit is also brushed a lot, if you want to reduce the debt ratio. The card merchant tribe suggests choosing large consumption as credit card installment repayment. That is, the bill installment. For example, your debt is 65438+ million 12, so your debt is half of 65438+ million 12. If it is divided into 36 installments, that is, 3 years, that is, the debt of 654.38+ million is divided into 36 installments, you only show one of the liabilities. So you can hide your debts.
The card merchant tribe suggests that you can also repay some debts in advance by paying before the bill date, and when the bill comes out, the debt amount will be small. This effectively reduces the debt ratio, and then applying for a large credit card will not be troubled by debt.
Pay off the debt quickly and then cancel the card immediately.
Let me share with you the practical methods:
_ The utilization rate of credit card limit is within 50%~70%. For example, the total number of credit cards is 200,000, and 6,543.8+million has been used to 6,543.8+0.4 million; (Credit below 50% is not called high debt)
This situation should be replaced:
1. Credit card installment is usually divided into 10000 yuan, and the handling fee (interest) for each installment is above 70 yuan. The principal of 12 installment is 833 yuan.
2. Cash withdrawal, similar expenses. General credit card limit 10000 yuan, withdraw 5000 yuan.
3. Loans behind credit cards: For example, the "so-and-so money" of Guangfa is usually above 8%, and the F loan is borrowed at 1.2.
4. Brush the pos machine, and the rate I use is five thousandths.
In the above situation, I usually use a 4-brush pos machine, which has low cost and low monthly repayment pressure.
_ Credit card usage rate exceeds 70%.
Some of them use pos machines, and it is recommended to use 1 by stages. If the limit is too full, please use step 3 to borrow the loan attached to the credit card.
Reminder: don't order a small amount, don't order online loans!
(The above methods are for personal use and are for reference only)
Advice: when you get the above method, please make money and pay back your credit card, which is the best policy!
If the credit card debt is really too high, it is recommended to make a debt list and arrange a repayment plan according to your income to avoid excessive consumption.
What if the debt ratio is too high?
Nowadays, high debt ratio has become a common thing. In the environment of a credit card, the high credit card debt ratio is not a small probability event. However, the high credit card debt ratio will not only affect the credit card quota, but also affect your loan. So, what if the debt ratio is too high?
1. Cancellation of credit cards that are not commonly used: Too many credit card applications are a problem for most people, which will inevitably increase the cost of handling cards and be inconvenient to manage. Sometimes, if you forget to pay back, the credit report will show every debt you have in the bank, so remember to cancel the credit card that you don't use often.
2. Change the card type: A multi-currency card will show multiple accounts on your credit report. If you have multiple multi-currency cards now, but don't often spend money abroad, it is recommended to change this card into a single-currency card, which can effectively reduce the number of accounts you have on the statement and reduce the debt ratio.
3. Prepayment: Pay off the debt before the bill is paid, and the debt level in the credit report will be very low. In addition, if there are multiple credit cards and the billing dates overlap, you can call customer service to modify the billing dates of the credit cards, so that you can achieve the lowest debt with the least money.
4. Apply for installment: If you want to reduce the credit card debt ratio, you can also apply for bill installment. If the debt of a single credit card is too high, it is a good idea to apply for bill installment in advance.
Generally speaking, high debt ratio is caused by many reasons. Cancellation of unused credit cards, replacement of card types, early repayment and application for installment are all ways to reduce the debt ratio.
What should I do if my credit card (debit card) has too much debt?
People in debt seek bank loans, the loan approval rate is not so high, and it is difficult to apply for credit cards (debit cards). The main reason is that banks are afraid of risks when they see your debts.
Aoki gives you three tips to teach you how to successfully approve cards in the case of high debt.
Let's see how the credit report shows the debt.
The credit report will clearly show every debt you have in the bank, including your credit card (debit card) repayment and the loan in the past month. Loans cannot be invisible. What you can handle is the debt part of your credit card (debit card).
1) Apply for installment for single credit card (debit card) with excessive debt.
As soon as the bill comes out, it will be phased; After the installment, our real debt is hidden. According to your staging time, the longer the staging time, the deeper it will be hidden! So if you want to apply for a card or a loan, make your credit report beautiful in advance.
For example, the credit line of a card is 200,000; Show a credit line of 200,000 in the China people's credit report; Used credit line 8333; Please note that the "Used Bank 8333" section is the repayment amount of the latest bill! The key point is that the repayment amount of the bill is not equal to the debt, but less than or equal to the debt. When will it be less than? When you applied for installment, in the case just now, in fact, this cardholder has applied for installment of 200,000 yuan for 24 months; His debt should be 0.2 million/200 thousand, but this 0.2 million/200 thousand should be divided into 24 months, and the credit card (debit card) only shows 8333.
Of course, the installment fee of credit card (debit card) needs to be well measured.
2) Cancel the credit card (debit card) that is not commonly used.
Too many cards is not a good thing, because the credit report will show every debt you have in the bank, specifically the repayment amount of each credit card (debit card).
The credit report shows that there are too many debts, and the bank will doubt your repayment ability and refuse to approve the card. I suggest you cancel those that are not commonly used.
Now the bad debt rate of banks is getting higher and higher. If some banks find that the credit report has been checked by the loan company for more than three times in half a year, they will refuse your credit card (debit card) application. The credit report can display the query records of the credit report.
Therefore, if the bank is reviewing credit cards (debit cards), it is best not to apply for loans, and then apply for loans after the application results come out.
This method is suitable for card friends who can mobilize some cash at hand. Remember the 1 method mentioned in it? The "fake debt" in the credit report is the notes payable in the last month.
If you have some cash on hand, you can effectively reduce the debt ratio by repaying it in full two days before the bill date! In this way, the credit card will be raised to 90% for three consecutive months, and the credit card (debit card) will definitely succeed.
For example, your bill date 10, you can pay the arrears on the 8th, and then brush them out on the 6th. You only need to transfer cash for 4 days, and you can get the beautiful "debt" level on the credit report.
What if the debt is too high and the credit card limit cannot be increased?
Credit card debt is high, it is difficult to apply for a new card to increase credit, and it is even more difficult to increase the credit card limit. What if the debt is too high and the credit card limit cannot be increased?
1, the debt is too high to withdraw the credit card, so the first thing everyone should do is to gradually reduce their overall debt level, followed by using credit cards to spend more and repay in time.
2. In the bank's view, the high debt level of customers means that customers are short of money recently, and there is a high risk of overdue. For the sake of the safety of loan funds, banks are likely to refuse customers' withdrawal requests. If the cardholder swipes the card enough times, he should first repay part of the debt to reduce his total debt level, and then try to apply for withdrawal.
3. If users have high debts and few credit card swipes, they should work together with both hands. At this time, you can pay off some of the arrears first, use credit cards more for daily consumption settlement, and slowly work hard to meet the requirements of the bank.
In daily life, I suggest you live within your means and spend moderately. If money is badly needed in the short term, it is better to go to a formal financial institution and apply for a short-term loan to solve the problem.
So much for the introduction on how to deal with excessive debt of credit cards.