1. What to do if the credit card debt is overdue for a long time?

If the credit card debt is overdue, the user can apply to the bank for negotiated repayment. Negotiated repayment means suspending interest and hanging accounts. After the bank receives the application, it will review the user. After passing the review, it will agree with the user on the repayment time and amount. The user can subsequently repay according to the negotiated agreement. If the negotiation for repayment fails, you must repay according to the collection requirements. All in all, if the credit card debt is overdue, it will have more negative impacts after the credit report is recorded on the overdue record. Users are advised to pay off the overdue debt as soon as possible and restore the credit report as soon as possible.

If you owe credit card money for a long time, you will be sued. If the credit card is not repaid for a long time, the bank will sue you. If the principal is overdrafted by more than 10,000 yuan, and the bank collects it and still fails to repay, you may be subject to criminal sanctions. The interest for one day of overdue credit card is charged at 0.5%, so the interest rate for one day of overdue credit card mainly depends on the amount of the bill for the overdue credit card period.

Credit card is a tool provided by banks to allow qualified cardholders to make overdraft purchases in advance. After using credit card for consumption, users must repay the debt on time within the specified repayment period. Otherwise, overdue behavior will not only cause Penalty interest will affect personal credit. For serious overdue circumstances, the cardholder may also be sued by the bank. If the cardholder is determined to have malicious overdraft, he may also bear criminal liability for credit card debt. Therefore, even if you are unable to repay your credit card debt, you must find a way to repay it.

2. How do banks deal with non-repayment of credit cards

1. Collection

Depending on the overdue time, different collection methods are adopted.

If the collection is overdue for 7 to 5 days, the bank customer service will collect it through text messages; if it is more than 30 days and less than 90 days overdue, the bank customer will call to collect the collection; if it is more than 90 days overdue, the bank may send someone to collect the collection. ; If the debt is overdue for more than half a year, the bank can also outsource the collection to a third-party company, which will handle the collection.

2. Report to the Central Bank

As long as the payment is not overdue, the bank will also report the cardholder's overdue behavior to the Central Bank's credit reporting system while collecting the payment. However, it is not necessary to report the overdue amount immediately. Many banks report it once a month. If the minimum payment is not made by the next billing date, the credit report will 100% be reported.

3. File an appeal

If the credit card is overdue for more than 3 months and has received 2 valid collections from the bank but still has not repaid, it will be considered a malicious overdraft. For credit cards, if the amount is more than 50,000 yuan, the bank will go to court and sue. The consequences are very serious.

If you cannot repay your credit card balance, you need to contact the card-issuing bank to apply for installment repayment. There are two ways to apply for a credit card, one is online application and the other is offline application. After the credit card application is successful, it will be delivered to the cardholder within half a month. If a credit card debt is not repaid, the bank will not only collect payment from the cardholder, but will also report the cardholder's overdue status to the central bank's credit reporting system.