It is best not to use the credit card when it is overdue, but if it is due to your own negligence, you can contact the bank and apply for an extension of the repayment period.
Overdue credit cards will produce bad credit records, and the following remedial measures need to be taken:
1. Pay off the debts in time, take the initiative to explain the situation to the bank and keep the account normal.
Never cancel your card because it has expired. Instead, you will lose the opportunity to repair your credit. After the overdue period, you should continue to use the credit card normally, spend more, repay on time, and change the overdue record into a new repayment record.
Don't lose contact after the deadline, and don't let the bank think that you owe money due to malicious overdraft, otherwise you may be sued by the bank.
4. Try to pay it off in one lump sum. In your case, you can't pay back the money. Be sure to put down your face and let your family and friends help you find ways to collect the money. According to most banks, if you pay off in one lump sum, there is a preferential policy of reduction and exemption, that is, the bank may reduce the overdue interest and liquidated damages for you, and you can pay them back slowly from your relatives and friends. This is the fastest way to get ashore, and it will solve your troubles of being collected every day.
Credit card processing of China Merchants Bank:
If you meet the requirements of China Merchants Bank's credit card application, you can try to apply. The most important condition for applying for China Merchants Bank Credit Card is 18-60 years old (25-60 years old for foreigners), with certain economic ability and good credit record. Please refer to the actual audit of our credit card application results. The necessary application documents are copies of identity certificate and work certificate. If you can provide other financial documents, it will be more helpful for us to understand your personal situation and judge the credit limit.
If you are interested in CMB credit card and have never held our credit card, you can apply in the following four ways: 1. Please log on to the credit card website and select "Apply for Credit Card"-"Apply for New Customer"; 2. Please bring your original identity certificate, work certificate and financial documents to the business outlets of China Merchants Bank in person; 3. You can also call the customer service hotline, select "3#" in the voice for credit card application consultation, and then select "1" to transfer the service specialist to register for you, and inform our local staff to contact you to confirm the application. 4. If you have applied for the professional version of our online banking, you can apply through the professional version. Remind you that the issuance of credit cards is subject to the final audit results.