Because credit card spending is only a numerical change, many people will not feel as painful as spending cash by credit card, but it was not until the credit card bill was issued and the repayment date approached that they found that this month's salary was simply not enough to repay the credit card gap.
Spending money for a while is cool, and paying back money is frowned. I believe this is the true situation of most people who spend their lives by overdrawing their credit cards. What if the monthly salary is not enough to pay the credit card bill? Many people can only take the way of robbing Peter to pay Paul or handling credit card installment repayment to maintain their "overdraft future" life. This cycle will eventually fall into a vicious circle, and credit card debt may become a heavy burden for individuals.
What should I do if I owe a credit card debt and am sued by the bank for overdue repayment?
1. As a credit card holder, once the repayment cannot be made on time due to unemployment, illness or other unexpected circumstances, before the deadline for repayment comes, the cardholder had better take the initiative to call the bank credit card center to state his financial situation, declare that he is not maliciously in arrears, and apply for deferred repayment and interest concessions.
2. In view of the cardholder's positive performance and previous good credit record, banks often agree to postpone repayment, and negotiate with the cardholder the repayment plan, extension period, interest discount, monthly repayment amount, etc. acceptable to both parties. In this way, if you take the initiative to contact the bank and the bank agrees to postpone the repayment, you will not be recorded in the bad record, but it should be noted that you will be guaranteed to repay the loan as agreed in the future.
3. If you are usually negligent in repayment, you must repay as soon as possible, preferably in full, after you find that it is overdue. Then call the bank's credit card center to declare that there is no malice. If the past record is good and the overdue time is short, if the repayment is found to be good after the overdue, it may not be recorded in the bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notice and collection information to avoid overdue.
4. Credit card repayment information will be recorded by the central bank's credit information system for 24 months, that is, the bad credit records generated by overdue credit card repayment will be kept in the credit information system for two years. If you terminate with a card, the corresponding record will not scroll, but will be saved for a long time. Therefore, after the overdue repayment of the credit card, it is best not to cancel the credit card immediately after paying off the arrears, but to insist on using the card for more than two years, during which time, to maintain a good credit, so that the bad records can be cleared from the credit information system through rolling records.
In today's credit society, don't underestimate the credit card stain, which will lead to many banking businesses that you can't handle, and car loans, mortgages and commercial loans can't pass. Therefore, develop good credit card habits, understand the solutions to overdue credit cards, and be prepared!