1. What if the credit card is really unable to repay?

1. Repay the minimum repayment amount

Every bank will set a minimum repayment amount for credit card holders. As long as the cardholder can repay this minimum amount, the bank will neither charge late fees nor affect personal credit.

However, it should be noted that if you choose the minimum repayment amount, you will not charge a late fee, but you will charge 0.5% interest every day, which is quite a lot. Some banks will pay the interest in full if you pay less, so the borrower had better pay off all the bills as soon as possible.

2. Actively negotiate with banks.

If the cardholder can't even pay the minimum repayment amount of 5- 10%, then don't choose to run away or change the address and mobile phone so that the bank can't be contacted. This is the worst way to deal with it, and it has something to do with his credit history. If the credit record is smeared, it will be difficult to obtain the approval of bank loans and credit cards in the future, which may even affect employment. In serious cases, banks suspected of credit card fraud can also be prosecuted.

If even the minimum repayment amount is not paid, the best way is for the cardholder to contact the issuing bank immediately, explain his situation, and say that he is not dishonest, but his economic conditions have changed temporarily and he cannot pay off immediately. Generally speaking, as long as the cardholder actively contacts the bank, the bank will usually design a mutually acceptable repayment method for the cardholder.

2. Will I be prosecuted for not returning my credit card?

Will be prosecuted. As long as the user's credit card is overdue for more than 3 months, and the bank has effectively collected the user for at least 2 times during the overdue period, if the user still fails to repay, it is a malicious overdraft, and the bank has the right to sue the overdue cardholder. Once a lawsuit is filed, the court will make a corresponding judgment according to the seriousness of the overdue user. The overdue records of bank credit cards will be reported to the personal credit information system of the People's Bank of China. Once the credit card is overdue for a long time, it will affect the mortgage loan to buy a house and a car in the future.

Credit card overdue for more than 3 months may be sued by lending institutions. In fact, lenders will call and send text messages for collection, but rarely sue borrowers. Prosecution requires a certain cost of time and manpower. For lending institutions, even if overdue debts are recovered, the cost of prosecution may be higher.

If you can't repay your credit card, you should show your willingness to repay to the bank, and then apply for installment repayment. If your credit card is overdue, you will be sued by the issuing bank and the cardholder will be held accountable. Using credit card to spend can reduce the purchase risk and control the consumption desire. A good repayment record can improve the credit rating and help expand the overdraft limit of credit cards.