1. What to do if the credit card cannot be paid?

1. Negotiate with the bank promptly and proactively. Even if you have no money, don't ignore the bank's phone calls. The best option is to discuss solutions with the bank. The reason is actually very simple, because according to relevant laws, if a credit card is overdue for three months and the bank has failed to collect it twice, the cardholder will be classified as a malicious overdraft.

2. Repay the minimum repayment amount. Although this method will incur interest, it is more cost-effective than having your credit affected. Pay off the minimum repayment amount, usually 5-10% of the overdraft limit.

2. Apply for bill installment. Although this method will also incur handling fees, it will not affect personal credit, which is better than having your credit affected. However, it should be noted that early repayment is not recommended after installment, because the handling fee will be charged, and the bill installment can be paid off slowly in up to 24 installments.

3. Modify the billing date. Modifying the bill date before issuing the bill is equivalent to extending the interest-free period in disguise and will not incur unnecessary fees. However, it is recommended to consult the bank in advance because some banks do not support such an operation.

4. Borrow from relatives and friends. Show your attitude to relatives and friends, borrow part of it first to pay off the most basic repayments, and make a plan for subsequent repayments.

2. What are the consequences of an overdue credit card?

Personal credit reports will have an increasing impact on life. The longer the overdue time, the greater the impact. Once overdue bad records are shown, , as long as the business involving credit reporting issues cannot be handled, the overdue credit card is most obvious on the personal credit reporting report. If a credit card is overdue for more than three months, it is considered a serious situation. Cardholders will basically be rejected if they apply for credit cards, mortgage loans, car loans, etc.

Moreover, travel will be restricted and you will not be able to take public transportation. I suggest taking remedial measures as early as possible to reduce the impact on the credit report. The overdue period is not long, and the credit report can be restored after the debt is settled, and it will not have much impact on applying for loans and credit cards.

3. How long will it take for the overdue credit report on a credit card to be eliminated?

Generally, if a credit card is overdue for more than three consecutive times, it will be blacklisted by the bank. It will take 5 years for an overdue credit card to be listed on the credit report. Records can be erased, which will have a very negative impact on future loans and even cause credit bankruptcy, and it is impossible to manually intervene in credit records or delete them.

In special circumstances, you can click the consultation button on the right. The website provides professional lawyers to answer questions and help you solve your repayment problems so that you can return to your normal life.