Can I switch to a loan if I owe a credit card?

Hello,

In this case, the most important thing is to have an attitude towards overdue,

No matter how much money you owe, you must take the initiative to pay back some of it.

The bank will generally not sue.

But if you don’t pay back any money and don’t answer the phone, you will definitely Sued,

Solutions to overdue credit cards:

1. As a credit card holder, once you are unable to repay the loan on time due to unemployment, illness or other accidents, at the end of the day Before the repayment period arrives, cardholders are advised to proactively call the bank's credit card center to state their financial situation, declare that they do not owe money maliciously, and apply for delayed repayment and interest discounts.

2. In view of the cardholder’s active performance and previous good credit record, the bank will often agree to defer the repayment, and will work with the cardholder to agree on a mutually acceptable repayment plan, delay period, and interest discount , monthly repayment amount, etc.

In this way, if you proactively contact the bank and get the bank's consent to defer the repayment, you will not be recorded as a bad record, but it should be noted that you will be guaranteed to repay as agreed in the future.

3. If you forget to repay due to negligence, you must repay as soon as possible after discovering that it is overdue, preferably in full. Then call the bank's credit card center and state that the debt is not malicious. If the record has been good in the past, and the overdue time is short, and it is found that the repayment after the overdue period is good, it may not be recorded as a bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notifications and collection information to avoid overdue payments.

4. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. That is to say, bad credit records caused by overdue credit card repayments will be stored in the credit reporting system for two years. If terminated with a card, the corresponding record will no longer

scroll, but will be saved for a long time. Therefore, after an overdue payment on a credit card occurs, it is best not to cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years and keep your credit good during the period, so that you can

rely on rolling Record and remove bad records from the credit reporting system.

In today’s credit society, don’t underestimate the stains of credit cards. This will cause you to be unable to handle many banking services, including car loans, housing loans, and commercial loans, so develop good card usage habits. , learn about the solutions to overdue credit cards

and be prepared! Can I repay my credit card and convert it into a loan?

I can’t repay my credit card and convert it into a loan.

If you can't pay off your credit card, you have to find a way to pay it back quickly. Negative information such as late credit card payments will be recorded on an individual's credit report. However, negative information such as late repayments is not permanently recorded in an individual’s credit report. my country’s current credit record retention period is five years. After paying off the balance on a credit card, anyone can start building their credit history again.

If the principal amount of the debt is more than RMB 10,000 and is not returned for more than 3 months after being called upon twice by the card-issuing bank, it will be deemed a "malicious overdraft" under the criminal law and suspected of credit card fraud. , shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention in accordance with the law, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan.

How to avoid credit card overdue:

1. Bind automatic repayment for more peace of mind. Cardholders can bind the debit card of the issuing bank of the credit card through the counter, online banking, mobile software, etc. (Why bind it to the bank, because the bank generally charges for inter-bank transfers), and set it on the due repayment date. About 3 days in advance (3 days in advance is to avoid not being able to arrive in time), the repayment will be automatic.

2. It is more secure to use APP to manage credit cards. For example, Caitu Points Life APP can help import bills and manage multiple credit cards.

3. It should be noted that there must be a sufficient balance in the debit card. In addition, if there is any withdrawal behavior during the account period, cardholders must remember to make additional automatic repayments when repaying. And some more.

4. If you really don’t have time to repay, don’t worry. Basically, all banks have credit card “time tolerance” services. Generally, the repayment will be delayed for 3 natural days, or the repayment amount will be 10 yuan short. Within this period, the bank still provides interest-free services. Is it possible to get a loan if I can't pay my credit card debt in five months?

No. Banks will generally blacklist cardholders after defaulting on credit card payments for more than three months. As long as a cardholder has been blacklisted, it will be difficult to get a loan in the future. If the credit card debt is not paid for five months, the bank will think that there is no source of income and therefore no ability to repay, and the loan will not be available.

Information required when applying for a mortgage:

1. Valid ID card and household register of the borrower;

2. Proof of marital status, if unmarried Provide a certificate of unmarried status, or a court civil mediation letter or divorce certificate if divorced (indicating that you have not remarried after divorce);

3. If you are married, you must provide your spouse’s valid ID card, household register and marriage certificate;

4. Proof of income of the borrower (certificate of salary income for six consecutive months or local tax certificate);

5. Property ownership certificate of the real estate;

6. Guarantor (need to provide ID card, household register, marriage certificate, etc.). If the overdraft credit card is overdue, can it be converted into installments or loans?

If it is a China Merchants Bank credit card, you can try to call customer service to negotiate repayment, and the answer from the phone customer service shall prevail. What should I do if I owe 400,000 yuan on a credit card or loan and still cannot pay it?

If it is a loan or credit card from our bank, if you have any consumption, please repay it on time and in full before the due date. First of all, overdue repayment will generate a bad credit record, which will affect your personal credit and future credit business; secondly, overdue repayment will generate interest and liquidated damages; finally, failure to repay for a long time may violate criminal laws, and our bank reserves the right to pursue prosecution. Can I use the Huanbei APP if my credit card is still full?

Of course, the value of Huanbei is to help you pay off your credit card bills. The Huanbei APP is very convenient to use. You can download it from the app store or by scanning the QR code. You only need to provide a small amount of the most basic information for approval of the quota, and you can usually see your quota in 30 minutes. Pay off your credit card with just one click, super fast. Can a credit union loan be rolled over if it is due?

Apply to the credit union for loan extension or refinancing, explain the actual difficulties, and try to get the credit union's understanding.

If you do not repay, the credit union will sue you according to the loan contract. At that time, the court will investigate and liquidate your assets, and the proceeds from the auction execution will be used to repay the loan.

According to relevant regulations, refinancing can be carried out in three ways (here is taking a loan to purchase a house as an example). That is, if the house purchased does not have a house ownership certificate, it can be refinanced by a developer approved and signed by the housing provident fund management department. The lender provides a periodic guarantee and goes through the loan re-loan procedures; if the house purchased has obtained the property ownership certificate and land use certificate and has been mortgaged, the lender can first pay off the personal housing loan and then use the purchased house within 3 months. As a mortgage for housing provident fund loans, go through the re-loan procedures; individuals can first use their own or others' houses that have obtained the house property ownership certificate and land use certificate as mortgage to go through the re-loan procedures. What should I do if I can't repay my loan or credit card?

In the case of China Merchants Bank credit card, if you fail to repay the minimum payment of the bill in time before the due payment date, liquidated damages and interest will be charged, and your personal credit will be affected. Liquidated damages will be charged 5% of the unpaid portion of the minimum repayment amount, with a minimum charge of RMB10 yuan or USD1 yuan. Interest will be charged on all consumption in the current period starting from the recording date (usually the second day after consumption), with a daily interest rate of 0.05% until you pay it off in full. In order to avoid affecting your personal credit, it is recommended that you repay your bill on time. If it is not convenient to pay off the bill in full, please pay at least the minimum repayment amount on time.

The impact of overdue loans from China Merchants Bank: Overdue loans will be recorded in the credit reporting system, and you need to review your credit status when applying for loans and credit cards. It is recommended to keep good records;

Will there be any specific review after the review? For any impact, please confirm with the agency handling subsequent business.

1. If you are indeed unable to repay, you should negotiate with the lending institution to extend the repayment period or repay in installments.

2. If the lending institution succeeds in suing the court and fails to fulfill the court judgment during the performance period, it will apply to the court for enforcement.

3. When accepting compulsory execution, the court will inquire about the properties, vehicles, securities and deposits in the name of the lender in accordance with the law.

4. If the lender has no property available for enforcement and refuses to fulfill the court’s effective judgment, negative information such as overdue repayment will be recorded in the personal credit report and high consumption and entry and exit will be restricted. , and may even be subject to judicial detention. Can I check loan options on Home Credit’s official website?

Yes, you can read a lot of information about Home Credit loans on the Home Credit official website, such as how to review or what loan methods are available.