What to do if the credit card cannot be paid and how to solve it

If the credit card cannot be paid, the best solution is to negotiate with the bank for repayment. The content of negotiated repayment can include deferred repayment, interest exemption, etc. After receiving the negotiation application, the bank will review it based on the user's specific situation. After the review is passed, the user can successfully negotiate. If the review fails, the user must pay off the overdue balance as soon as possible.

Only if the payment is overdue, the user can negotiate with the bank. Therefore, it is best for the user to repay the loan on time before it is overdue.

1. Various situations of overdue credit cards:

1. The credit card is overdue but has been repaid later

Many people will encounter this situation. In this case, it basically only affects the personal credit system. Your overdue status will be recorded in the credit reporting system.

If the overdue time is not long, it will basically not affect the use of the card.

2. If your credit card is overdue, negotiate repayment with the credit card center

When your credit card is overdue, you will usually receive a call from a collection officer to remind you to repay the credit card. At present, credit cards can be repaid in installments. If there is a problem, you can negotiate repayment with the credit card center. This situation is the same as the first one. It will affect your personal credit report, but it will not cause particularly serious consequences.

3. Credit card center, mediation or enforcement

Some people in life are unable to pay off their credit cards because they are deeply in debt. At this time the bank will file a lawsuit by delivering a summons to the overdue user. During the course of the lawsuit, the bank may also apply for property preservation, freeze the borrower's bank account, and seize vehicles and other real estate.

4. Failure to repay the debt and the amount is huge

In this case, the bank may charge you with a crime and be sentenced according to Article 196 of the Criminal Law for credit card crimes.

2. The worst consequences of not paying back your credit card are:

1. Going to the credit bureau: There is no doubt about this. If the user’s credit card repayment is overdue, the credit bureau will naturally be listed, resulting in Personal credit defaults will leave a stain on the credit report.

2. Penalty interest: Like a loan, if you use a credit card overdue, you will be charged penalty interest. Generally speaking, it is charged at the rate of 10,000 yuan per day, and the compound interest calculation method is used. Over time, it will be a very large amount. Big expenditure.

3. Collection: In addition to the collection department of the bank, it is also likely to be outsourced to a third-party collection company. Various collection methods and frequent collection frequencies are a problem for the debtor himself and his relatives and friends. A huge "test".

4.: There are serious differences in overdue situations. If it is just a general overdue payment and is repaid after collection, then it is not a big problem. It only takes a period of time to collect the credit, but if it is overdue for more than 3 months, then the bank is likely to proceed. At that time, he will be listed as a dishonest person and become a defaulter, and it will be very troublesome to limit high consumption.

What to do if the credit card is really not enough?

If the credit card is really not enough, you can tell your family members and they will help repay the money. If the cardholder cannot repay the credit card balance that month, he or she can go to the card-issuing bank to apply for installment repayment. If the cardholder loses the ability to create wealth, he can sell his property and repay the credit card debt.

Credit card debt must be repaid, and cardholders should do everything possible to repay the credit card debt. If the cardholder fails to repay or cannot repay in a short period of time, the cardholder's overdue record will be uploaded by the card issuer to the personal credit information system of the People's Bank of China.

When the cardholder’s overdue record is uploaded by the card issuer to the personal credit reporting system of the People’s Bank of China, the cardholder will be restricted from all high-consumption behaviors, and the bank will not provide loans to the cardholder. Services, credit card services, food, clothing, housing and transportation will all be restricted.

When the cardholder is overdue, the card issuer will initiate two effective collection actions within three months. If the cardholder refuses to repay during the call period of the card issuer, the card issuer will deport the cardholder. When the cardholder loses the lawsuit and is still unable to repay the debt, the card issuer can apply for enforcement.

Cardholders should reasonably plan the use of their credit cards before using them. If the cardholder has short-term difficulties, he or she needs to contact the card-issuing bank's manual customer service in time to handle the installment repayment business.

What should I do if I owe money on my credit card?

The solutions to credit card debt that has not been paid for many years are:

1. Borrow money from relatives and friends to temporarily make up for the loopholes. If it is just a temporary situation, you will soon have enough money. funds; then you can borrow some money from relatives and friends, and then return it to them when the funds are available.

2. Apply for deferred repayment. When emergencies occur, such as illness, hospitalization, unemployment, etc., you can contact the bank’s customer service. Just tell customer service your true situation and then apply for a deferral of repayment.

3. Apply for interest-free installment repayment. When the situation is serious and repayment is relatively more difficult, you can contact the bank’s customer service. Provide relevant materials to apply for suspension of interest payments and repayment in installments.

4. Negotiate with the bank to reduce credit card debt. If negotiation fails, you can use judicial authorities to reduce credit card debt.

Is there any way to repay the credit card?

1. Apply for a personalized repayment plan. When you are unable to repay the current debt, you believe that it is just because of the huge amount of debt that you cannot repay it. At this time, you can repay it appropriately based on your work income.

2. Apply for suspension of reminder and pending account processing. The advantages of suspension of pending accounts include stopping collection activities, reducing the probability, extending the repayment time, and gaining more repayment time for yourself.

3. Apply for deferred repayment. If you are unable to repay in a short period of time, but can repay immediately after coming here soon, you can apply to the card issuer for an extension of repayment.

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds are returned to the bank.

Common repayment methods:

In-bank repayment: This repayment method mainly includes: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

Mobile phone repayment: A mobile phone is a personal payment terminal of a mobile financial system, which can be used to directly repay by swiping a card, or to perform transfers and other services. Instant payment.

Convenience store repayment: Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

Online repayment: The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

Starting from December 2017, WeChat officially began to charge users for credit card repayment business, charging 0.1 yuan for the cumulative repayment amount exceeding 5,000 yuan in each natural month (minimum 0.1 yuan). The portion not exceeding 5,000 yuan is still free. In August 2018, the 5,000 yuan fee-free quota was also officially cancelled.

Inter-bank transfer: Inter-bank transfer/remittance repayment is mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

Counter connection: Counter connection refers to the bank cards issued by various networked financial institutions, which can be used to conduct RMB current deposit and withdrawal transactions through the counters of other bank branches registered in the UnionPay exchange center host system.

Lakala: Cardholders can complete credit card repayments, mobile phone recharges, online bill payments and other services through convenience stores, bank outlets or by purchasing "Lakala" device terminals.

Xinfutong: "Xinfutong" smart card swiping phone is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center, and supported by financial services provided by China UnionPay's inter-bank information exchange network.

That’s it for the introduction of what to do if you can’t repay your credit card.