What should I do if I still have less than 20,000 yuan on my credit card?

If I still have less than 20,000 yuan on my credit card, I can repay it through installments and carry out credit card activities. A malicious overdraft of 50,000 yuan is less than 50 Ten thousand yuan is considered a huge amount; the standard for a huge credit card amount is more than 5,000 yuan but less than 50,000 yuan; 1. Using a counterfeit credit card; 2. Using an expired credit card; 3. Pretending to use someone else's credit card; 4. Malicious overdraft. The term "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 the card after being called upon by the card-issuing bank. Anyone who uses a credit card at the same time shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

What should I do if I owe more than 20,000 yuan on my credit card and am unable to repay it now?

If I am unable to repay it, the debtor can apply online to suspend the interest rate and hang up the debt. The maximum payment can be made in installments. Only the principal can be paid back to normal life. , lengthening the repayment cycle.

1. Credit card, also called credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Provisions") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in Public Service Fields" was officially implemented.

3. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card A debit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

4. Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

5. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.

6. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must Has the applicant's autograph.

The consequences of not repaying a credit card debt of 20,000 yuan

1. There will be liquidated damages, which is usually 5% of the minimum repayment amount and the unpaid part.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information:

The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of banks issuing credit cards is to make money. Once the interest-free repayment is exceeded, time, a high amount of interest will be charged, usually five ten thousandths per day.

If you don’t know how to take care of your credit card and cannot repay as scheduled when the final payment date comes, the bank will charge you high interest. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month).

Credit cards basically have annual fees, but they basically have annual fee-free policies. For example, China Construction Bank only needs to swipe the card three times a year to waive it, but if you do not swipe the card the number of times specified by the bank in a year, An annual fee applies.

Long-term malicious arrears will naturally affect your personal credit record and even be blacklisted by the bank. If you want to borrow money from the bank to buy a house or a car in the future, you may be rejected by the bank.