Nowadays, many people who have overdue credit cards and cannot pay back the money will call the parents of the debtor to inform them of the debt situation and tell them what consequences they will face if they do not repay the money. So, what is the meaning of the legal definition? Generally speaking, are parents obligated to help their children repay the money?

First of all, each bank's credit card recipients must be adults. In other words, credit card debtors are independently responsible for the consequences of their actions. As adults, legally speaking, you are two independent individuals. The credit card is unsecured and unsecured. If you do not guarantee your son's debt, you are not legally required to repay the debt for your child.

If a child has passed away, his debts will be settled within the scope of his estate, and parents have no obligation to repay their children's debts.

Secondly, after many credit card debtors have overdue credit cards, the bank collects debts and finds the debtor’s parents, and relatives will find ways to help solve the problem. After all, they are related by blood, and every parent wants their children to live happily. is better, then it comes to the problem of solutions. After the credit card is overdue, high interest and liquidated damages will be incurred. If the family can help, we must consider how to avoid further losses, and we will pay back Every penny is the hard-earned money of parents. If you repay the debt in one go, you can negotiate with the bank to reduce the interest and liquidated damages. If you are unable to repay the full amount, you must negotiate with the bank to suspend interest installments and terminate the loan in a timely manner. To prevent losses from snowballing, repay on a monthly basis. Once you are able to repay in full, you can negotiate with the bank for a one-time repayment.