What should I do if I can’t afford to pay off my credit card?

1. Realization of mortgage assets: Although many people have no money, they have many realizable assets in their names, such as houses, cars, etc. , you can consider mortgage-liquidating these assets to obtain fund repayment. Generally, they are not liquidated at the original price, so there will be a slight loss. It is suitable for people who owe a lot, cannot raise enough money, and are at risk of being punished.

2. Be honest with your family about borrowing money: If you can’t pay off the credit card debt by yourself, it’s better not to shoulder it. It’s better to be honest with your family and see if you can get their help to pay it back simultaneously. If your family members don't have money, ask relatives and friends to borrow money. Make an IOU and write down the repayment time, interest, etc., and borrow the best you can. Don't complain if you can't borrow. No matter how close you are, there is no obligation to borrow money.

3. Actively negotiate for repayment: Even if the credit card debt is not paid, do not lose contact and run away. Don’t miss the bank’s collection calls. If you have no money, you must also express your willingness to repay. See Can the repayment be negotiated? Don’t panic if the bank says you want to go. It will be an opportunity for those who are temporarily unable to repay. It will be easier to negotiate through mediation when the court is held.

4. Increase revenue and reduce expenditure to increase income: reduce unnecessary expenses and stop buying impractical things. The key is to work hard to increase your income. In addition to doing your job well, you can also make money by opening Didi, delivering food, etc. Don’t be afraid of having more money, but be afraid of not having it. The more money you have, the easier it will be to get out of trouble.

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What can you do if you really can’t afford to pay off your credit card?

1. Borrow money from relatives and friends to temporarily make up for the loophole< /p>

If it is just a temporary situation, you will have enough funds soon; then you can borrow some money from relatives and friends, and then return it to them when the funds are available.

2. Apply for deferred repayment

When emergencies occur, such as illness, hospitalization, unemployment, etc., you can contact the bank’s customer service. Just tell customer service your true situation and then apply for a deferral of repayment.

3. Apply for interest-free installment payment

When the situation is serious and repayment is relatively difficult, you can contact the bank customer service. Provide relevant materials to apply for suspension of interest payments and repayment in installments.

4. Negotiate with the bank to reduce or reduce credit card debt. If the negotiation fails, you can use judicial authorities to reduce or reduce credit card debt.

When a major change occurs in the life of a credit card holder, you can file a petition with the bank Negotiate to reduce or reduce credit card debt. If the bank does not agree, you can obtain consent from the bank to waive credit card debt. You can apply to the judicial authorities in the following situations:

(1) Credit card holders have major changes in their lives or major events. Disability or death caused by disease

For example, if a major traffic accident occurs, resulting in permanent disability and inability to take care of oneself, the debt can be exempted. < /p>

(3) The credit card holder loses the ability to work and changes from a person with full capacity for civil conduct to a person without full capacity for civil conduct.

What to do if you owe money on a credit card and still cannot pay it back

The solutions to the problem of owing money on a credit card that has not been paid for many years include:

1. Borrow money from relatives and friends to temporarily fill the gap If you only encounter a temporary situation, you will have enough funds soon; then you can borrow some money from relatives and friends, and then return it to them when the funds are in place.

2. Apply for deferred repayment. When emergencies occur, such as illness, hospitalization, unemployment, etc., you can contact the bank’s customer service. Just tell customer service your true situation and then apply for a deferral of repayment.

3. Apply for interest-free installment repayment. When the situation is serious and repayment is relatively more difficult, you can contact the bank’s customer service. Provide relevant materials to apply for suspension of interest payments and repayment in installments.

4. Negotiate with the bank to reduce or reduce credit card debt. If negotiation fails, you can use judicial authorities to reduce or reduce credit card debt.

What to do if you can't afford to pay off your credit card

Nowadays, most people have multiple credit cards in their hands. Therefore, those who can use credit cards for daily expenses will use credit cards directly.

However, after the credit card is used up, it needs to be repaid in full on time. If the credit card is used up but not paid, the consequences will be serious, ranging from being charged by phone and text messages to being held criminally responsible. If this problem is not solved, work and life will not be peaceful. So, what should you do when you really can’t afford to pay off your credit card?

1. Realization of mortgage assets: Although many people have no money, they have many realizable assets under their names, such as houses, cars, etc. At this time, you can consider using these assets as collateral for repayment. However, under normal circumstances, they will not be realized at the original price, so you may suffer some losses. This method is more suitable for users who owe a lot of debt, cannot get enough funds to pay, and may be in danger of going to jail.

2. Confess to your family about borrowing money: If you cannot repay your credit card debt, do not resist. It is best to tell your family frankly and clearly to see if you can get help from them or find other relatives and friends. If a friend borrows money, write an IOU and specify the repayment time, interest, etc. Pay off your credit card debt first, and then work hard to make money to repay loans from relatives and friends.

3. Actively negotiate repayment: Even if you default on your credit card, you must not lose contact and run away. You must also avoid missing collection calls from the bank. Negotiation mainly depends on whether you can negotiate repayment. Will decide. At this time, if the credit card application platform says that you want to go, don’t panic, because this is an opportunity for users who are temporarily unable to repay, because it is easier to successfully negotiate during mediation during the court session.

4. Increase revenue and reduce expenditure to increase income: reduce unnecessary expenses and avoid buying useless products. At the same time, everyone is required to work hard to increase income. In addition to doing their own work, you can make money through, for example, opening a business. Didi, food delivery, etc., and then slowly put all the money into it.

What should you do if you owe a credit card and can't pay it off?

If you can't pay off your credit card debt, you can apply for the minimum repayment service. If you can't afford the minimum repayment, it is recommended that you negotiate with your bank and apply. Delaying repayment is usually for legitimate reasons and the bank will give you grace. If the bank does not agree, then ask your friends to borrow money to repay. After paying off the money owed to the credit card, you can find a way to raise money to repay your friends in the future. .