What should I do if I owe 200,000 on my credit card and I can’t repay it?

If I owe 200,000 on my credit card and I can’t repay it, I can apply for installment repayment or minimum repayment. Many banks now offer credit card installment plans. Reaching 36 periods, this repayment time can fully alleviate the user's repayment pressure, but it requires the user to pay a certain handling fee.

It is best not to use the minimum repayment function when repaying. Although the monthly repayment of this type of repayment is relatively low, the user cannot enjoy the interest-free period for all consumption, and the cost paid by the user is relatively high. In actual repayment, it is not recommended that you use this repayment method.

When a user cannot repay on time by any means, the user can call the credit card customer service hotline and explain his/her details to the bank to see if the bank can allow the user to defer the repayment, even if the bank agrees to an extension. Repayment users also need to pay a certain handling fee, which is generally approved by the bank.

After a credit card debt occurs, you should actively deal with it and don't let it go. If the bank does not repay the 200,000 yuan in arrears to the cardholder, and if it is determined to be a malicious overdraft, the user will bear criminal liability. At the same time, a personal credit report will be bad, and it will be more difficult to apply for a loan from a bank in the future.

What should I do if I still owe 200,000 on my credit card?

The solution to the credit card debt of 200,000 yuan is as follows:\r\n1. Minimum repayment: The bank will allow a minimum repayment. The minimum repayment is 10% of the consumption amount plus other items. Generally, the minimum repayment amount will be indicated in the bill. \r\n2. Installment repayment: Banks generally allow installment repayment. If the consumption amount is relatively large, they will actively call you to invite you to make installment repayment. Generally, it is divided into 3, 6, and 12 periods. The interest rate varies from bank to bank, but is relatively high. \r\n3. Loan repayment: Generally, bank loans can be used, such as universal funds, reserve funds, etc. The bank directly places the money in your savings account through credit loans. Although this is a method, the interest rate is very high. \r\nThe bank will call you to notify you before the repayment. You should prepare the repayment funds. If you can't repay it temporarily, apply for a postponement, and deposit money appropriately, and repay as much as you can. No matter how much, don’t wait until a summons is issued before you regret it. \r\nWhen borrowing, you must borrow according to your own situation. Don't wait until you can't afford to repay before panicking. Also, don't tear down the west wall to pay for the east wall. This approach is the most unreasonable. \r\nFor more information on what to do if you still owe 200,000 on a credit card, go to: View more content

What to do if you still owe 200,000 on multiple credit cards

Repay If you can't afford it, pay it back slowly, and don't think about wasting money from the bank. Nowadays, credit cards are becoming more and more popular, causing many people to become card slaves. Many people have become card slaves when they just graduated from college. When you spend money with a credit card, you feel like you are not spending your own money. When it comes time to pay back the money, it will feel very painful. Especially if there are multiple credit cards, multiple credit cards will be transferred back and forth between each other, causing the gap to become wider and wider. First of all, if you owe 200,000 on a credit card and you can't pay it back temporarily, it doesn't mean you can never pay it back. Negotiate a reliable repayment plan with the bank. Secondly, ask your relatives and friends around you for help. Finally, it is difficult to pay off the money you owe the bank. The consequences are very serious.

First, negotiate a relatively reliable repayment plan with the bank. If you owe 200,000 to a credit card, it must not be one credit card, but multiple credit cards. After a credit card is overdue, the bank's first step is to arrange for a customer service call from the credit card center to collect the payment. Qu Comment believes that when the bank calls for collection, it is best to negotiate with the bank and explain your situation. I owe a credit card limit of 200,000 to multiple banks. I can't pay it off at once, so I can pay it back in installments.

For example, if you cannot get 200,000 yuan at once, can you pay it back over five years? If you repay 200,000 in one lump sum and divide it over 5 years, that’s 40,000 per year. Can’t you still get it? I don’t know what kind of job this subject is engaged in, but even if he is moving bricks on a construction site, he can earn 200-300 yuan a day. Making 40,000 yuan a year is not a problem. Therefore, don’t think about wasting money from the bank, you must rely on your own efforts to pay off the credit card. Second, seek help from relatives and friends around you to solve urgent needs. If the bank is too demanding, can you first borrow some money from relatives and friends to make up for the gap in the bank's credit card? Generally speaking, the minimum repayment limit for a credit card is 10%.

Therefore, we only need to borrow 20,000 yuan to get through the current difficulties. After settling the minimum credit card repayment limit first, quickly find a serious job and slowly pay back the minimum repayment limit every month.

Even if you find a job that pays 4,000 yuan, leave 1,000 yuan for food and drinks, and leave 3,000 yuan to pay off credit cards, you can pay off 36,000 yuan every year, and you can pay off the credit card in 7 years. People's spending power should be determined based on their income capacity, not on their whim. Third, don’t even think about using your bank’s credit card. Some people may be lucky and think that they can use up the 200,000 credit card limit. In fact, banks have many ways to make it difficult for you. For example, if the bank uploads your breach of trust record to the bank, how can you still survive in this credit society? For another example, the bank can even come to you. Therefore, it is not that there is no way to pay back the money, but that it is unwilling to pay back the money! But the consequences of not paying back the money are very serious, so please think twice.

How to pay back the 200,000 that I owe to my credit card?

You can temporarily choose to suspend the suspension of accounts, which can prevent you from incurring more penalty interest.

After that, you must formulate a complete repayment plan and live within your means. Overdue credit card is a big deal, and your overdue amount is 200,000, which is already a very large amount. If you have long-term malicious overdue behavior, the bank will not only take you to court, but you will also be subject to enforcement by the bank.

If you get to that point, all your bank accounts will be frozen. As long as there is money entering your account, your money will be automatically transferred to your bank account. At the same time, you will also face legal liability, because a malicious overdue credit card is a credit card, which has reached the level of criminal liability.

1. I suggest you choose to suspend the account first.

After the credit card is overdue, the credit card will generate an annualized interest of about 18% every year, and this interest is penalty interest. Your credit card is overdue for 200,000 yuan. If you don't choose to suspend interest and hang up the debt, you will have to pay 36,000 yuan in interest every year. This debt will keep getting higher and higher. It is for this reason that I suggest you take the initiative to confess your actual situation to the bank and apply to the bank for an interest rate suspension. The bank may not agree at first, but if you can express your willingness to repay and let the bank verify your financial situation, I believe the bank will make an appropriate compromise.

2. You need to make a detailed repayment plan.

After you overdue 200,000 yuan, I suggest that you first find relatives and friends around you to help you deal with it, and try to express your willingness to repay first. After that, you need to make a detailed repayment plan. The bank may put a lot of psychological pressure on you at first, but if neither you nor the people around you have strong enough repayment ability, the bank will be willing to make an installment plan for you. , you just need to implement it according to the bank's plan.

Finally, overdue credit cards are a very serious matter, and you must take it seriously, otherwise your life will be seriously affected.

That’s it for the introduction of how to pay back the 200,000 credit card debt.