First, how to solve the large amount of credit card arrears?

1. Repay according to the minimum repayment amount.

If you can't repay in full in a short time, you can choose the minimum repayment amount. Generally speaking, as long as 10% of the bill amount of this period is paid in full, it will not be overdue, but the remaining unpaid amount will no longer enjoy the interest-free period, and interest will be paid in full from the date of consumption, with a daily interest rate of 0.5 ‰ and monthly compound interest. Therefore, the longer the overdue repayment time, the more interest.

2. modify the bill.

Modifying the billing date can extend the repayment period, which is equivalent to an extra interest-free period of one month. But this method does not apply to all banks, and the requirements of each credit card application platform are different. For example, China Merchants Bank can only change if it does not owe money. So I suggest you consult the issuing bank before doing this.

3. Negotiate with the bank.

When you don't pay back the credit card arrears, you can find a credit card application platform to negotiate repayment. After all, credit card non-repayment will not only affect personal credit, but also may be investigated for criminal responsibility, because it can be characterized as malicious overdraft after being collected twice by the bank in March. Therefore, it is recommended that cardholders consult the bank before the deadline.

Second, what will happen if you don't return your credit card?

1. Consumers no longer enjoy interest-free repayment of their money.

The issuing bank shall calculate the daily interest with the consumption amount as the principal from the date of consumption, with the daily interest rate of 0.5 ‰ and compound interest on a monthly basis; For the unpaid part of the minimum repayment amount, a late fee of 5% will be charged every month.

2. Receive dunning calls and letters from the issuing bank.

Because of ignorance and blind arrogance, some people not only don't pay back the money, but also "run away" by changing their addresses and mobile phone contact information, so that banks can't contact themselves, thinking that they can't help. In fact, this practice is very wrong and absolutely unacceptable. When handling a credit card, the cardholder's real name information has been recorded by the bank. Once "running away", the bank will identify malicious overdrafts and arrears and will call the police.

3. Affect personal credit records.

If the credit card account is frozen by the issuing bank, the debt record may be fed back to the personal credit information system of the People's Bank of China, which will affect the cardholder's personal credit record and make it impossible for the cardholder to apply for a housing mortgage loan normally.

As long as the credit card debt cannot be repaid in time after it expires, you can negotiate with the bank and strive for a repayment method that you can afford and pay off the loan as soon as possible. If you ignore the debt after the deadline, you will not only bear the overdue interest, but also your credit information will be greatly affected.