Nowadays, in order to develop their own business, major banks have greatly reduced the conditions for applying for credit cards. Having a credit card is equivalent to having your own virtual currency, and you can spend it however you want. As the saying goes, each person has his own way of living. When the money comes into the hands of each person, it means that each person has his own way of spending it. Some people squander it wantonly, and some people cash out their entrepreneurial investments.
A credit card is like a "double-edged sword" hanging over your head. Used properly, it can protect you from wind and rain, bring you a lot of convenience, and even allow you to earn profits; use it improperly. , the bank will become a slave, and the card slave will be reduced to a fish, to be slaughtered and exploited mercilessly!
Once the credit card economy collapses and the credit card becomes overdue and you are unable to repay the debt, how can you save yourself and get out of debt?
Methods that can be used to save an overdue credit card include: applying for extension, installment repayment, interest suspension, debt restructuring, etc. Carefully understand the overdue or overdue treatment of each type of rescue, and take the initiative to avoid the ruthless harassment of bank collections.
When the final payment date for a credit card is reached, the bank will generally give you a grace period of up to 3 days to process the repayment. Repayments within these three days will not be subject to credit reporting. Of course, there is another way to repay the minimum repayment. The interest paid in this way is relatively high, which can be helpful in solving overdue credit reports in the short term.
If you are really unable to repay before the final repayment deadline, you must explain the situation to the relevant bank in a timely manner. If you prove that you are not maliciously defaulting on the arrears due to some special reasons that can be understood humanely, you can apply Pause installment.
It’s best to negotiate. If your credit card is overdue due to various reasons, but you don’t have enough money to pay it back, you can negotiate with the bank to suspend the interest rate and avoid high interest increases. . It can be divided into up to 60 installments, which can greatly reduce personal repayment pressure.
There must be a reason for being in debt, and there must be a way to make money. Also with a credit card, others can spend more and more, but you spend less and less. Have you ever thought about the reason? The best way to find out is to ask yourself where the funds from your past credit cards have been used.
Put an end to all previous behaviors that may lead to debt, such as vehicle expenses, unplanned shopping, meaningless party expenses, etc., as long as they do not bring you any income. It must be stopped in time. Separate liabilities from assets as much as possible. All consumption that can bring profits is an asset, and all consumption that cannot bring profits is a liability.
Making money is one of the jobs that everyone does throughout their lives, and your job must not be without it.
It is said that having many skills is not a burden. Education represents the past, ability represents the present, and learning ability represents your future. Learning new knowledge and skills can help you regain a new career and earn more rewards.
Don’t panic when your credit card is overdue. Maintain a positive mood, face it calmly, exercise every day, eat on time, study on time, and seek to survive in adversity.
For people who have experienced more, sometimes they are "superior" in terms of vision and structure. As long as there is an opportunity, they may immediately alleviate the dilemma and achieve a breakthrough!
The following suggestions:
1. Try every means to raise money to repay as much as possible and let the bank waive part of the interest penalty. Then find a way to pay it off in one lump sum.
2. Contact the bank proactively to explain the overdue situation and seek opportunities for interest-free installments.
3. Arrange debts, plan repayments reasonably, negotiate a second installment, stop interest liquidated damages, stop violent collections, and repay in 1-5 years. Stop losses promptly to avoid prosecution.
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