Affected by the epidemic, many units delayed the resumption of work and delayed the payment of wages. Many cardholders' credit card repayment dates are coming soon, and they are worried that they will not be able to receive their wages in time and return their credit cards. So, in this case, what if the credit card is not available? Let's have a look.
What if the credit card can't be used due to the epidemic?
1. Application for deferred repayment:
Staff involved in epidemic prevention and control, hospitalized or isolated personnel infected with new pneumonia, or those who have temporarily lost their income sources due to the epidemic, can call the customer service phone of the issuing bank to see if they can apply for deferred repayment. If so, the overdue credit card during the epidemic period is not considered as a breach of contract and is not included in the personal credit overdue record.
2. Loan repayment:
Find friends and relatives, colleagues and others to borrow money to repay. When borrowing money, it is best to agree on the repayment period and give some interest. But during this period, everyone stays at home, and most people temporarily lose their source of income, so it will be difficult to borrow money.
3. The bill by stages:
You can appropriately alleviate the repayment pressure, but you should pay attention to the processing time. Most bank credit cards are processed by stages from the billing date of the credit card to the repayment date. Cardholders should choose the appropriate number of installments according to their repayment ability and installment interest rate.
4. Minimum repayment amount:
Generally, as long as 10% of the current bill amount is paid in full, it will not be overdue, but the remaining unpaid amount will no longer enjoy the interest-free period, with full interest from the date of consumption, with a daily interest rate of 0.5 ‰ and monthly compound interest. If you can't repay in full in a short period of time, you can choose this method, but it is limited to the consumption amount. If you withdraw cash, you can't pay the minimum repayment amount.
What should I do if my credit card doesn't pay back during the epidemic?
The outbreak of COVID-19 epidemic in 2020 disrupted people's work and life. All walks of life stopped production, and people were trapped at home and lost their income. This is a very headache for some friends who have loans and credit card arrears. What if the credit card is not returned during the epidemic?
In view of the special period of pneumonia prevention and control in COVID-19, China Banking and Insurance Regulatory Commission issued a notice on credit card repayment during the epidemic period on October 26th, 2020, requiring banks to give appropriate credit preferential policies to credit card holders who lost their income during the epidemic period. To put it simply, during the epidemic, banks should reasonably extend the repayment period for users who are unable to repay their credit cards, and the specific extension period should be determined by each bank.
At present, banks have different repayment policies for credit card holders during the epidemic. Generally speaking, the bank's policies are as follows:
1. During the epidemic prevention period, if the credit card holder fails to repay the loan, it will not be included in the scope of bad credit investigation;
2. Extend the repayment period. The extended repayment period of credit cards of different banks is different, 10 day, half a month, and the longest 1 month, subject to the regulations of the issuing bank;
3. Repay the minimum repayment amount, but charge interest on the current account, and then return the interest.
4. Give deferred repayment to the relevant personnel working in the epidemic prevention front line, and postpone repayment to the confirmed personnel and their spouses, suspected personnel and their spouses in COVID-19.
The above are the relevant regulations issued by banks for credit card holders who lost their income during the epidemic. If they are temporarily unable to repay due to the epidemic, they are advised to actively communicate with the bank. When the cardholder encounters repayment difficulties, he should take the initiative to contact the bank to show his willingness to repay, negotiate with the bank and actively strive for preferential policies from the bank. Because overdue credit cards will generate overdue fees and interest, it is best to borrow money from friends around you first, and then pay off the credit card debt slowly.
What if I have a new credit card for pneumonia?
You can apply for deferred repayment, but only when novel coronavirus can't go to work and the credit card can't repay on time can it be handled in accordance with the provisions of Article 3 of the Notice of the Central Bank and the China Banking Regulatory Commission on Strengthening Banking Insurance Financial Services to Do a Good Job in Prevention and Control of Pneumonia Infection in novel coronavirus.
It is clear that for those who have lost their livelihood due to the epidemic, the credit policy should be appropriately tilted, the repayment arrangements of personal credit such as housing mortgage loans and credit cards should be flexibly adjusted, and the repayment period should be reasonably postponed.
To put it simply, during the novel coronavirus epidemic, all banks will give a certain delay in repayment.
So because of the epidemic, I can't work, I can't repay on time, and I don't have to worry too much about all banks delaying repayment.
Extended data:
Loan (electronic IOU credit loan) is simply understood as borrowing money with interest.
Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them.
Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.
Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
principle
The "three principles" refer to safety, liquidity and efficiency, and are the fundamental principles of commercial banks' loan operation.
1, loan security is the primary problem faced by commercial banks;
2. Liquidity refers to the ability to recover the loan within a predetermined period or realize it quickly without loss of land, so as to meet the needs of customers to withdraw deposits at any time;
3. Efficiency is the basis of sustainable operation of banks.
For example, if a long-term loan is issued, the interest rate will be higher than that of a short-term loan, and the benefit will be good. However, if the loan term is long, the risk will increase, the security will decrease and the liquidity will weaken. Therefore, the "three natures" should be harmonious, and loans should not go wrong.
Repayment method
(1) Equal principal and interest repayment method: equal repayment every month, the sum of loan principal and interest.
Most banks have adopted this method for housing provident fund loans and commercial personal housing loans. So the monthly repayment amount is the same;
(2) average capital repayment method: that is, the borrower distributes the loan amount to each period (month) evenly throughout the repayment period and pays off the loan interest from the previous trading day to the repayment date. In this way, the monthly repayment amount decreases month by month;
(3) Paying interest and principal on a monthly basis: that is, the borrower repays the loan principal in one lump sum on the loan maturity date (applicable to loans with a term of less than one year (including one year)), and the loan bears interest on a daily basis and the interest is repaid on a monthly basis;
(4) Repay part of the loan in advance: that is, the borrower can repay part of the loan amount in advance when applying to the bank, which is generally an integer multiple of 65,438+0,000 or 65,438+0,000. After repayment, the lending bank will issue a new repayment plan, and the repayment amount and repayment period will change, but the repayment method will remain unchanged, and the new repayment period shall not exceed the original loan period.
(5) prepayment of all loans: that is, the borrower can repay all the loan amount in advance when applying to the bank, and the loan bank will terminate the borrower's loan at this time after repayment and handle the corresponding cancellation procedures.
(6) Pay back as you borrow: interest is calculated on a daily basis after borrowing, and interest is calculated on a daily basis. You can pay the money in one lump sum at any time without any penalty.
What should I do if my credit card is overdue at the moment of the epidemic? Don't be afraid, stop and pay the bill.
At the moment of the epidemic, in fact, many friends are short of funds. What if the credit card can't be used at present?
Generally, many people will think of bill installment and minimum repayment amount at the first time.
But some people may not be able to pay their bills in installments, or even the minimum payment. What should they do?
In fact, there is another method called "stop paying".
What the hell is stopping paying? How to do it specifically?
The Measures for the Supervision and Administration of Credit Card Business of Commercial Banks stipulates that under special circumstances, if the cardholder owes more than his repayment ability, but the cardholder is willing to repay, the bank can negotiate with the cardholder and sign a personalized installment repayment agreement, which can be divided into 60 installments for five years at the longest.
To put it simply: the bank will suspend interest calculation on schedule and deal with the arrears after negotiation. It can also be said that it is a personalized installment repayment of credit cards.
However, not everyone applied successfully. This requires the repayment person to meet the following three conditions:
First, it is true that the tight purse leads to the failure to pay the loan, but we can't just talk about it verbally. No matter how you explain to the bank, the bank will definitely ask you to provide written materials, such as income proof, property proof, current debt ratio and other materials, to prove that your current repayment ability is insufficient. After the bank receives your materials, it will verify them. If it's okay, it's okay to stop the order.
Second, when your credit card is not repaid, you must not disappear. You must keep in touch with the bank. If you break your word, many subsequent services that are beneficial to you will be impossible, not worth the loss, and will not solve the problem. Later, the bank will apply to stop payment, so don't think about it, don't ask why, this is the most basic trust.
Third, we should know that stopping paying interest is based on the repayment willingness of the repayment person. Although it is impossible to pay off all debts at present, it has been intentionally overdue, and this practice will also be recognized by banks.
Let's make an analogy. One is Lao Lai's comparison with a person who has limited ability but is still trying to repay the loan. Who will the bank cooperate with? Of course, if these three conditions are met, interest payment can generally be stopped smoothly. However, even if you don't stop paying off the account, you still have to do your best to pay it back. At the very least, you have to pay off the arrears in 60 installments over five years. Even if you do this, you can avoid being investigated for criminal responsibility for malicious overdraft. This is very important. Please remember.
What should I do if my credit card doesn't pay back during the epidemic? I'll introduce you to four solutions.
What should I do if my credit card doesn't pay back during the epidemic? Recently, affected by the epidemic, many enterprises have postponed the start of work. During the epidemic, some enterprises paid minimum wages to their employees. However, some enterprises closed down directly because of the worsening epidemic, resulting in many people losing their sources of income.
For many employees, income instability directly affects the timely repayment of mortgage, car loan, credit card and other loan products and services. So what if I can't return my credit card on time during the epidemic?
According to the notice of China Banking and Insurance Regulatory Commission, China:
For those who have temporarily lost their source of livelihood due to the epidemic, the credit policy will be appropriately tilted, and the repayment arrangements of personal credit such as housing mortgage and credit card will be flexibly adjusted, and the repayment period will be reasonably postponed.
In this way, if you can't repay on time temporarily, you can contact the bank in time and apply for deferred repayment.
At the same time, another bank said that if it is overdue due to special circumstances during the epidemic, it can also apply to the bank to explain the situation and submit materials after the epidemic, and the bank will adjust the overdue records on the credit report after verification.
The first method: communicate with the bank actively.
If the credit card can't be repaid in time, you can actively communicate with the customer service of the bank through the official telephone number of the bank and actively correct the relevant preferential policies, such as delaying repayment and so on.
The second method: borrow money from relatives and friends to tide over this difficulty.
This method is relatively simple. Borrow money from relatives and friends and pay off your credit card. This method is also a once and for all method, although it may affect our face. But because we paid off the credit card in time, it won't have any impact on our credit information.
The third method: repayment by installments, or repayment according to the minimum repayment amount.
What should I do if my credit card doesn't pay back during the epidemic? At present, there are three main repayment methods for credit cards:
The first method is full repayment, that is, after the bill is issued on a fixed date every month, we need to pay it off in one lump sum before the deadline. This repayment method requires a stable capital flow.
The second repayment method is installment repayment, which can be repaid in different periods after the bill is issued on the billing date. It should be noted that this repayment method needs to bear certain expenses.
The third repayment method is the minimum repayment method. When the bank issues the bill, we will see the minimum repayment. This repayment method also needs to bear certain interest.
If we can't repay the money in full, in order to avoid overdue, we can apply for the minimum repayment method and installment repayment by telephone, but this method requires a certain handling fee.
It should be noted that communication must be made before the repayment date.
Although this practice has to bear certain interest expenses, our credit information is still intact.
The fourth method: apply for deferred repayment.
If you can't repay the minimum repayment amount or installment repayment, you can call the bank customer service phone to apply for deferred repayment.
And at present, many banks have introduced relevant preferential policies. For example, ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and many other banks have issued relevant policies and adopted grace policies in credit card repayment business.
So to sum up, what if the credit card is unavailable during the epidemic? It's actually very easy to solve.
If you can't repay the credit card on time, don't worry too much, and actively communicate with the bank customer service. If we are really overdue for various unavoidable reasons, then we need to take the initiative to communicate with the bank and provide proof materials, which can also erase the overdue records.
It should be pointed out that the impact of this epidemic is multifaceted. In addition to our economic losses, our personal health has also been greatly affected.
It should be noted that recovery does not mean complete recovery. Some people may still have some sequelae or complications and need long-term rest, but we have no income during the rest period.
But if we arrange some insurance for ourselves or our families in advance, we can get good protection, such as critical illness insurance. As long as the symptoms meet the symptoms in the contract, you can get compensation, which can be used as rehabilitation expenses and living expenses during rehabilitation.
Someone died unfortunately because of the epidemic. If they are the backbone and main source of income, the whole family will fall apart. However, if they have life insurance, they can get some compensation for their death, which can guarantee the lives of their parents and children and not be helpless.
So much for the introduction of how to apply for a credit card in an epidemic.