Nowadays, many people like to spend by credit card. Credit card consumption is simple, fast and convenient, and it looks quite chic. There will always be such a situation when you spend with a credit card, that is, soon after you spend freely, you find that you owe too much money and you can't repay it at all. So what should I do in this situation?

Ask for installment repayment

If you can't afford too much credit, you can apply for installment repayment, which will not break your word and relieve yourself a little pressure. Generally, banks will provide a series of installment repayment systems for people who can't afford their credit cards, such as how many account periods to pay off debts, so that you can choose the repayment account period according to your personal ability.

Take the initiative to negotiate with the bank

If you really can't pay back the money owed by your credit card, you will never escape. This kind of thing can't be solved by escaping. Take the initiative to find the bank, explain your situation, let the bank know that you are deliberately not paying back the money, and then discuss with the bank and try to solve it. In this way, you can give the bank a guarantee of voluntary repayment, and the bank will help you find a way, which will not affect your reputation, be blacklisted by the bank, and even risk going to jail.

Apply for the minimum repayment amount to solve the problem

This is also a solution, but this repayment method has to pay a certain amount of interest, and the interest is very high, so it can only be regarded as a delaying strategy. Take the initiative to apply to the bank for the minimum repayment amount to ensure the monthly repayment behavior, so that you will pay a small sum of money every month, which will not cause you too much economic pressure, and there will be no credit damage, which will lead to the bank sanctioning you.