1. How to deal with overdue credit cards in Shanghai

1. Cardholders should pay off the debt in time;

2. Due to If the credit card payment is overdue due to bank reasons or other non-malicious reasons, the cardholder can apply to the bank to eliminate personal objections;

3. Remind cardholders: If you have bad credit, do not think about selling the card Clear.

4. Legal regulations: Since 2012, the central bank has issued new regulations on the retention time of credit records. According to regulations, the retention period of personal credit records is changed to five years. This means that if a cardholder has a bad record, the bad record will naturally be overwritten by a new record after five years. Therefore, the best way to create bad credit is to continue using credit cards and maintain long-term benign use of credit cards so that your personal credit record will be cleared through future good credit transactions.

2. Legal basis: Article 196 of the "Criminal Law of the People's Republic of China"

The crime of credit card fraud involves one of the following circumstances: carrying out credit card fraud activities, If the amount is relatively large, the sentence is to be not less than five years in prison or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan; A fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the sentence shall be not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation:

(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;

(2) Using an expired credit card;

(3) Pretending to use other people’s credit cards;

(4) Malicious overdraft.

The so-called malicious overdraft as mentioned in the preceding paragraph refers to the cardholder’s behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return it even after being called upon by the card-issuing bank.

Anyone who steals a credit card and uses it for the crime of theft shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

2. What to do if you never pay back your credit card

1. Borrow money from relatives and friends to temporarily make up for the loophole.

If it is just a temporary situation, you will have enough funds soon; then you can borrow some money from relatives and friends, and then return it to them when the funds are available.

2. Apply for deferment of repayment.

When emergencies occur, such as illness, hospitalization, unemployment, etc., you can contact the bank customer service. Just tell customer service your true situation and then apply for a deferral of repayment.

3. Apply for suspension of interest payment and installment repayment.

When the situation is serious and repayment is relatively more difficult, you can contact the bank customer service. Provide relevant materials to apply for suspension of interest payments and repayment in installments.

4. Negotiate with the bank to reduce or reduce credit card debt. If negotiation fails, you can use judicial authorities to reduce or reduce credit card debt.

If the credit card is overdue, the cardholder should pay off all outstanding balances as soon as possible, and then proactively contact the bank that issued the card and ask the bank to issue a certificate of "non-malicious overdue". In any case, being overdue will have an impact on your personal life. Being overdue will not only require you to pay a high overdue penalty interest, but will also cause flaws in your personal credit record.