False. Overdue credit cards will incur penalty fees, interest and other fees from various banks. Some can waive all interest and late payment fees and other fees. As long as you can calculate the true principal, it is not impossible to deal with it according to the true principal. The details depend on how you negotiate with the bank. You must pay attention to yourself during the negotiation process. Don’t be too soft on your attitude. If you are too soft, the other party will think that you are easy to talk to. If your attitude is not firm, the application may be rejected. If you continue to choose to force the application to be repaid in full

Overdue credit cards will incur liquidated damages and interest. As well as other fees of various banks, this is well known. Many debtors have delayed repayment because they feel that the fees are unreasonable, and this has caused many conflicts.

However, major banks actually have relative reduction and exemption policies for credit card overdue fees. Different banks have different reduction and exemption policies, and the reduction and exemption ranges are also different. And generally people who don’t understand the relevant situation often don’t know about this policy of reducing or exempting principal and repayment, because neither banks nor collection agencies will proactively inform you of this policy of reducing or exempting principal and repayment.

So what should we do? After learning from here that there is a policy of reducing or repaying the principal, if you receive a collection call, you can inform the other party that you need to apply for consumption details, verify the true principal, and then apply to process the principal. Generally speaking, the debt collector will cooperate with you to apply for the reduction or exemption of principal repayment, because as long as you repay the loan, the other party will get a commission. You can quickly resolve the reduction or exemption order so that you can follow up on the next case.

Of course, this principal reduction or exemption policy is different among major banks. Some can waive all interest and late payment fees and other fees. As long as you can calculate the true principal, you will be charged according to the true principal. It’s not impossible to handle it. It depends on how you negotiate with the bank. During the negotiation process, you must pay attention to your attitude. Don’t be too soft. If you are too soft, the other party will see that you are easy to talk to and may reject the application if your attitude is not firm. , continue to choose to forcefully demand full repayment, the attitude is too harsh, and the emotions between the two parties cannot be handled well, which may cause subsequent problems. So be sure to pay attention to negotiation.

In short, don’t be anxious or panic when your credit card is overdue. Negotiate repayment according to your own ability. Don’t have an escape mentality. Credit card debts are different from illegal online loan sharks and must be repaid. Knowing more about some bank policies can also help you solve problems.

The best way after a credit card is overdue is definitely not to escape. On the contrary, you should actively respond. Even if you cannot repay the loan on time due to your own financial situation, you must find a way to solve the problem as soon as possible, especially after the credit card is overdue. , you must stop losses in time, otherwise the long-term accumulation of debt will become a vicious cycle, and in the end you will never earn as much as you can repay.