1. Choose the credit card loan product of the card-issuing bank, and the next payment limit can be used to pay off the credit card bill

Before the temporary limit expires, you can apply for a credit loan from the bank's credit card (usually With the temporary quota, you have the opportunity to apply for a credit loan of 2-5 times the amount behind it).

2. Pay off the temporary limit first, and you can choose to repay the other parts in installments or the minimum repayment amount

This is an emergency measure, because the temporary limit must be paid back, and the remaining balance must be repaid. You can make other arrangements as long as you pay back the temporary limit.

3. Credit card repayment

When looking for an intermediary agency to handle repayment, you can postpone the repayment date. When the cardholder's credit card final payment date expires, and he is unable to repay the full amount immediately, and the minimum repayment requires high interest, in order to maintain a good credit record, he can entrust someone else to repay it on his behalf. , and then the repayment amount is swiped out by swiping the card for consumption, and the funds are returned to the repayer.

Extended information:

Consequences of overdue credit card repayment

1. Bear high penalty interest. After a credit card defaults, the penalty interest fee usually involved is recurring interest. Fees and late fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and the interest will be charged from the date the consumption is recorded. Calculate interest.

Except for ICBC, which imposes balance penalty interest, the other 12 banks still impose full penalty interest. The customer repaid part of the amount, but the repayment part is not deducted when calculating the penalty interest. The interest expense is usually calculated based on the daily interest rate of 5/10,000. The daily interest rate will be calculated at 0.5/10,000% within 15 days from the accounting date, and the daily interest rate will be calculated at 10.00% for more than 15 days. If the overdraft amount exceeds the prescribed limit for 30 days, the daily interest rate will be calculated at 15.0%.

2. Causing legal disputes. Violent credit card collection has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies." Customers are in great trouble. Not only that, defaulting customers may also face legal disputes.

According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on credit cards, and the bank has not paid back after three months of collection, if the circumstances are serious, criminal liability may also be pursued for fraud. For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which is even worse.

3. Leaving "credit stains" in the national credit reporting system. In 2006, the central bank established a national unified basic database of corporate and personal credit information. As long as you have applied for a card or taken out a loan at a bank, it will be Automatically generate your own "credit report" in this system, which will affect your application for various loans, insurance, job hunting, studying abroad, etc. Bad records are generally retained abroad for 7 years.

In November 2012, the central bank’s new version of personal credit report was launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. This move means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for five consecutive years, their credit can be restored.

Baidu Encyclopedia - Credit Card Repayment

Baidu Encyclopedia - Credit Card Repayment