1. What should I do if I owe 600,000 on a credit card and can’t pay it off?

1. Use the minimum repayment function: Each bank will have a minimum repayment As long as you pay the minimum repayment amount, the bank will not charge late fees and it will not affect your personal credit. Generally speaking, the minimum repayment amount is 10% of the total bill amount.

2. Use the installment function: If you are under pressure to repay, you can directly apply for bill installment. Generally, banks provide 3, 6, 9, 12, 18, and 24 installment functions, which can be based on your own repayment You can choose the number of installments, which can alleviate the repayment pressure and will not affect your credit.

3. Take the initiative to explain the situation to the bank for negotiation: If you are unable to repay the loan on time due to special circumstances such as unemployment or illness, you can proactively call the bank to explain the reason and prove that it is not malicious and that it is indeed necessary. reasons, and discuss whether the repayment can be postponed.

2. Will a malicious overdraft of 600,000 on a credit card be punished?

A malicious overdraft of 600,000 on a credit card will be sentenced. A malicious overdraft of 600,000 on a credit card is suspected of credit card fraud. A malicious overdraft of 600,000 on a credit card is suspected of credit card fraud. The sentencing standards are generally fixed-term imprisonment of not less than ten years or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or confiscation of property. The criteria for identifying malicious overdraft credit cards are:

(1) Overdrafting a large amount of money while knowing that one has no ability to repay, and cannot return it;

(2) After applying for a credit card using false credit certificates Overdraft, which cannot be returned;

(3) After overdraft, evade bank collection by hiding, changing contact information, etc.;

(4) Escape, transfer funds, conceal property, Avoiding repayment;

(5) Using overdraft funds to carry out criminal activities;

(6) Other situations of illegally possessing funds and refusing to return them.

3. What are the ways for bank collection if you owe 600,000 on a credit card and cannot repay it?

1. SMS collection: Mainly aimed at the overdue repayment behavior of early cardholders, generally If the payment is 7 to 15 days overdue, the text message will mainly serve as a reminder.

2. Telephone collection: Mainly for overdue behavior that exceeds 30 days and exceeds one billing period, telephone reminders are made for repayment.

3. Door-to-door collection: Mainly for overdue payments of more than 90 days, the bank will arrange collection personnel to visit the cardholder's residence or work address to collect repayment.

4. Court prosecution: Mainly if the card is overdue for more than six months, the bank will apply to the court and require the cardholder to sue for repayment.

4. What are the standards for effective bank collection of overdue credit card collections?

(1) After the overdraft exceeds the prescribed limit or the prescribed period;

( 2) Collection should be done in a way that can confirm receipt by the cardholder, except where the cardholder deliberately avoids collection;

(3) There should be at least thirty days between two collections;

(4) Comply with relevant regulations or agreements on collection.

Just because you owe 600,000 to a credit card and cannot repay it does not necessarily mean that the credit card debt can be exempted. If you know that you cannot afford to repay it, you should contact the bank in advance. If the relevant evidence shows that the cardholder has maliciously overdrafted the credit card, The consequences of maliciously overdrafting a credit card of RMB 600,000 are very serious. You may be sentenced to life imprisonment and fined from RMB 50,000 to RMB 500,000.