Can I repay my credit card in installments if it is overdue? Normally this is not possible. One of the prerequisites for credit card installment is that you have good credit, especially if you are not overdue at the moment, and your consumption pattern must meet the installment requirements. Therefore, the bank will not give the cardholder any tolerance measures after the due date. The cardholder must pay off the overdue principal and the resulting penalty interest and liquidated damages in one go. The bad credit record will be kept for 5 years from the date of repayment before it will be eliminated. However, if it is due to special reasons, such as loss of labor force and source of income due to serious illness, etc., and you are unable to pay off the debt in one go after the due date, you can try to negotiate with the bank for repayment and sign a personalized installment repayment agreement. Divide the arrears into repayments over 5 years. Many people said they had certain difficulties and the bank would not easily negotiate with them.
What should I do if my credit card is overdue and cannot be rescheduled? There are still many solutions, but they may not all be suitable. For example, some people may want to borrow online loans to pay off their credit cards. This approach is very dangerous. In essence, it is to use loans to support credit cards, demolishing one wall to pay for the other. In the long run, debts will pile up. It is inevitable. It is recommended that you confess to your family and pay off your credit card debt with the help of your family, or borrow money from relatives and friends to repay the debt, and then work hard to make money to repay the debt and strive to get settled as soon as possible. In short, credit cards are a double-edged sword. You must not spend blindly, otherwise you will end up harming yourself and even your family.