1. If a credit card is forced to go ashore, it must be done by repaying the money. Forcing the credit card to go ashore without repayment will not work. After all, if you do not owe the bank money, you may still be held criminally responsible.
2. Don’t avoid debt collection by changing your phone number or moving to another employer. Keep your phone open, face debt collection patiently and kindly, and express your willingness to repay. If you can borrow money, you can repay it in full, but if you can’t, Money still needs to be repaid every month. It is best to determine the monthly repayment amount based on the total amount owed. Remember: You must repay! You must repay! You must repay!
3. After your credit card expires and you don’t have the money to repay in the short term, you can try to negotiate with the bank to suspend the account. If it is true that you cannot repay the loan under special circumstances and the bank does not agree to negotiate, you can go to the local banking regulatory bureau to complain that the bank violated Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks" and describe your situation and appeal for suspension of interest and debt suspension. Written form
4. Use the credit card in your hand enough times to waive the annual fee and then stop using it. Do not use the card to maintain the card or borrow money to repay the card. In short, do not increase the debt and encounter financial problems. Ask family or friends for help.
In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world. In the 1980s, with the reform and opening up and the development of the market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.
After experiencing the financial crisis and the ups and downs of the domestic economy, my country's credit card market rebounded in 2016. By the end of 2016, the total number of domestic credit cards issued had exceeded 590 million. In 2016, the national credit card consumption transaction amount reached 741.81 trillion, an increase of 10.75%, and the proportion of credit card consumption in the total retail sales of consumer goods continues to increase.
According to the "2013-2017 China Credit Card Industry In-depth Research and Investment Strategic Planning Analysis Report", since 2010, in order to curb the rapid rise in asset prices and control inflation, the Chinese government has implemented a sound monetary policy. And adopted a series of moderate tightening measures, indicating that macro-prudential and strengthened capital supervision have become the core of China's banking industry supervision. Various tightening money supply operations and capital constraint policies have an impact on the liquidity level, credit lending rhythm and structure of Chinese commercial banks. All had a profound impact. The analysis believes that the evolution of the industry structure has further optimized and diversified the product portfolio, and also increased the research and development of new industry standards and mobile payments; credit penetration has deepened; and the installment business has developed in depth.