1. How to negotiate repayment if the credit card is overdue and unable to repay it

1. Show a positive attitude towards repayment

If you want to negotiate with the bank If you negotiate and apply to extend the repayment period, repay in installments, or suspend interest payments, first of all, you cannot choose to ignore the debt after it is overdue. Even if the overdue debt cannot be paid off in full at the moment, the cardholder should be able to pay back a little. Yes, this will help you show your willingness to actively repay when negotiating with the bank later.

2. Explain clearly the reasons for the overdue loan

As long as you clearly explain the reasons for the overdue loan, such as failure to start a business or misappropriation for emergency use, etc., prepare sufficient information and express that you are actively repaying the loan. The bank will consider the cardholder's wishes as appropriate. If the bank agrees, the cardholder can discuss a new repayment plan with the bank, and then repay according to the new repayment plan.

3. Make sure the call is open

If the bank cannot contact me when my credit card is overdue, it will cause the misunderstanding that I am avoiding repayment.

2. What to do if you are unable to repay your credit card

1. Apply for an extension

A few days before the repayment date, call the bank to apply. You can delay it for a few days, provided you find a reason that suits the bank before calling. As a reminder, you must call in advance to apply for an extension. If you call after the repayment date, it will be too late.

2. Installment repayment

Appropriate bill installments are helpful to increase the limit to support your own card. It is best to use about 30% of the bill installment limit. Installing credit card bills can reduce the pressure of repayment. Of course, this relief is only temporary, because the corresponding handling fees must be paid in installments, and this fee is also relatively high.

3. Minimum repayment

In addition to bill installments, minimum repayment is also a method that can solve the problem of being unable to pay temporarily. Of course, it still requires high interest. However, compared to being overdue and affecting your credit record, it is still very worthwhile. At least you can maintain a good credit record.

4. Apply to change the billing date

Some banks allow cardholders to change the billing date. If you are only temporarily short of funds and do not want to pay more bank interest, then update the billing date. It can be said to be the best choice, but remember to apply for changes before issuing the bill. As long as the change is successful, you will get a longer interest-free period, thereby alleviating temporary funds, and it will not affect your personal records. , even interest and handling fees are saved.

If you are unable to repay your credit card overdue, you must find a way to deal with it in a timely manner. When negotiating with the bank, you must show a positive repayment attitude, and you are willing to take all responsibilities, as long as your own rights and interests can be protected. , then there will be no overdue interest, and your credit report will not be damaged. Therefore, you can consult more when handling it. If it is overdue, it will not have a serious impact on you.