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 indicates that it wants to sue, don’t panic, because this is an opportunity for users who are temporarily unable to repay, because it is easier to successfully negotiate through court mediation during the court hearing.

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 your own work, you can make money through part-time jobs, such as Open Didi, deliver food, etc., and then slowly transfer all the money into it.