1. What to do if you don’t have enough money to repay your credit card

1. Applying for deferred repayment service from the bank can better solve this problem. Credit card repayment deferment service, usually, you can apply for an extension for one to three days. As long as the credit card holder can raise sufficient funds for repayment within the extension period, he or she can apply for an extension service from the bank. However, if you still cannot repay the loan on time after the extension, it will become overdue. Once it is overdue, it will directly affect your credit report.

2. For credit card holders, you can also apply to the bank to modify the statement date. Currently, most banks support modifying the statement date. When credit card holders find that they have no money to repay their credit card on the billing date this month, they can apply to the bank to modify the billing date before the billing date.

3. You can also pay only the minimum repayment. If the credit card expires and the full payment is not paid, then for the credit card holder, you can choose the minimum repayment. Of course, choosing the minimum repayment will accrue interest. However, by using this method, your credit card will not be overdue, which will not have an impact on your personal credit.

2. What are the consequences of not paying back the credit card debt

1. High interest and late payment fees

Cardholders who do not repay the credit card will no longer enjoy the credit card benefits During the interest-free period, interest will be calculated at 0.05% per day starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

If the credit card is not repaid in time after the interest-free period of the credit card, the bank will charge the credit card holder a late payment fee, the proportion of which is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge the card holder Charge higher penalties.

2. Personal credit stains

As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. It will be difficult to apply for a credit card. This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage loan will be smaller than others, and the interest rate will be higher than others. If the application is seriously overdue, Even if you want to pay more interest rates, banks will not lend to you.

3. Credit card is suspended

If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings.

If the credit card cannot be repaid when it expires, you need to negotiate with the bank in a timely manner to try to negotiate a good repayment method. If you ignore the credit card after it expires, then the party concerned needs to bear the responsibility. Overdue interest will also damage your credit. Therefore, you must clearly remember the repayment date of your credit card, and take relief measures when you cannot pay back, so that you will not bear overdue liability.