What to do if the credit card repayment cannot be repaid? 4 solutions if the credit card repayment is not repayable

1. Negotiate with the bank. According to our country's laws, if the bank has not repaid the debt for three months after two calls, it can be classified as a malicious overdraft. Therefore, even if you have no money, don't not answer the phone call from the bank. The best policy is to discuss a solution with the bank.

2. Repay the minimum repayment amount. If you cannot repay in full this period, you can also choose to repay the minimum repayment amount, which is usually 5%-10% of the overdraft limit. For example, if your bill amount is 10,000 yuan, the minimum repayment amount is calculated as 10%, which is 10,000 yuan = 1,000 yuan. In other words, you only need to repay 1,000 yuan in this period, and you will be able to live in peace, and your personal credit will not be affected. However, interest will accrue, but it is more cost-effective than having your credit affected.

3. Apply for bill installment. In addition to the minimum repayment method, the most commonly used method is bill installment, which can be repaid in up to 24 installments, which is two years. However, similar to the above method, there will be a handling fee, but it will not affect your personal credit report. It is also an emergency solution. It should be noted that early repayment after installment is not recommended because the handling fee will still be charged.

4. Modify the billing date. This method is not applicable to all banks. Modifying the bill date before issuing the bill is equivalent to extending the interest-free period in disguise. The advantage of this method is that it will not incur unnecessary fees, but its scope of application is limited. It is recommended to consult the bank in advance.

What to do if the credit card is not paid?

How to deal with the credit card to be paid. Credit card overdraft behavior is a debt relationship.

The specific handling methods are as follows:

1. If the credit card is not repaid, the cardholder should take the initiative to contact the card issuer, explain the current facts and reasons for the repayment, and strive to obtain the card issuance The grace period of the bank;

2. If the credit card cannot be repaid, if you have fixed assets, you can provide fixed assets as guarantee to try to re-formulate the repayment plan;

3. If the credit card is really not enough and the card issuer does not extend the processing, the cardholder cannot adopt a passive approach. They can find someone else to repay the balance and pay off the credit card debt first to avoid being sued by the card issuer.

The main features of credit cards:

1. Credit cards are one of the fastest growing financial services today. They are an electronic currency that can replace traditional cash flow within a certain range;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Credit card applications need to meet the following conditions:

1. First, citizens who are over 18 years old and have civil capacity are required.

2. It is required to have a stable income and provide proof of income, firstly to prove the ability to repay, and secondly to use it as a reference for setting the credit card limit. If you have successfully applied for a credit card, you can use the card to apply for a card, and the process will be much easier.

3. The personal credit report must be good and have no bad records.

4. Whether you can successfully apply for a credit card is also related to your occupation. For example, security, self-employed, farmers, etc. are more difficult to successfully apply for. However, the editor learned that some banks have launched "Benefit Cards" for farmers.

5. Generally speaking, a stable job is a necessary condition for successfully applying for a credit card. Of course, this is not absolute. For example, many universities now have card processing services specifically for college students. This is to apply for a credit card unconditionally. College students only need to bring their personal documents and student ID cards to the bank to apply for it.

6. Foreign and overseas personnel and active-duty military officers who receive the card in their own name should provide a temporary household registration issued by the local public security department or a certificate issued by the relevant department, and must provide a guarantee unit that meets the guarantee conditions or have a local household registration. , a guarantor working locally.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards.

This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

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

What should I do if I can’t pay off my credit card? Now the editor will introduce it to you.

1. State your financial situation, affirm that you do not owe money maliciously, and apply for delayed repayment and interest discounts. What to do if you can't pay off your credit card? State your financial situation, declare that you don't 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 work with the cardholder to agree on a mutually acceptable repayment plan, delay period, and interest discount. , monthly repayment amount, etc.

If you take the initiative to 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 the loan as soon as possible after it is overdue, preferably in full. Then call the bank's credit card center and declare 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 kept in the credit reporting system for two years. If terminated with a card, the corresponding records will no longer

scroll, but will be saved for a long time. Therefore, after overdue repayment of a credit card, 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 in good condition during the period. In this way, you can rely on rolling records to remove bad records from your credit report. Remove it from the system.

2. What will happen if the credit card is overdue for one month?

The bank will charge late payment fees and interest. The late payment fee is calculated as 5% of the unpaid portion of the minimum repayment amount. The specific calculation formula is: late payment fee =(Minimum repayment amount - Amount repaid as of the due payment date) × 5%, with minimum and maximum limits. At the same time, the bank will also charge 0.05% interest on the credit card bill every day.

If the cardholder fails to repay the minimum repayment amount before the repayment due date (inclusive) on the bill notice of the current month, the account will be collected by the card center collector on the day after the next bill date. Carry out telephone collection; if the customer has not paid off the minimum repayment amount within the specified time, the system will automatically issue a collection letter or the collector will issue a collection letter based on the account's telephone collection status and actual arrears. If the following situations occur, the bank will come to collect the debt:

1. The collection through letters and phone calls is invalid and exceeds the last repayment date (overdue) for two cycles (60 days);

2. Unable to be contacted by phone or letter;

3. Higher risks may be found in letter collection or phone collection.

What to do if the credit card cannot be paid and how to solve it

If the credit card cannot be paid, the best solution is to negotiate with the bank for repayment. The content of negotiated repayment can include deferred repayment, interest exemption, etc. After receiving the negotiation application, the bank will review it based on the user's specific situation. After the review is passed, the user can successfully negotiate. If the review fails, the user must pay off the overdue balance as soon as possible.

Only if the payment is overdue, the user can negotiate with the bank. Therefore, it is best for the user to repay the loan on time before it is overdue.

1. Various situations of overdue credit cards:

1. The credit card is overdue but has been repaid later

Many people will encounter this situation. In this case, it basically only affects the personal credit system. Your overdue status will be recorded in the credit reporting system.

If the overdue time is not long, it will basically not affect the use of the card.

2. If your credit card is overdue, negotiate repayment with the credit card center

When your credit card is overdue, you will usually receive a call from a collection officer to remind you to repay the credit card. At present, credit cards can be repaid in installments. If there is a problem, you can negotiate repayment with the credit card center. This situation is the same as the first one. It will affect your personal credit report, but it will not cause particularly serious consequences.

3. Credit card center, mediation or enforcement

Some people in life are unable to repay their credit cards because they are deeply in debt. At this point the bank will file a lawsuit by delivering a summons to the overdue user. During the course of the lawsuit, the bank may also apply for property preservation, freeze the borrower's bank account, and seize vehicles and other real estate.

4. Failure to repay the debt and the amount is huge

In this case, the bank may charge you with a crime and be sentenced according to Article 196 of the Criminal Law for credit card crimes.

2. The worst consequences of not paying back your credit card are:

1. Going to the credit bureau: There is no doubt about this. If the user’s credit card repayment is overdue, the credit bureau will naturally be listed, resulting in Personal credit defaults will leave a stain on the credit report.

2. Penalty interest: Like a loan, if you use a credit card overdue, you will be charged penalty interest. Generally speaking, it is charged at the rate of 10,000 yuan per day, and the compound interest calculation method is used. Over time, it will be a very large amount. Big expenditure.

3. Collection: In addition to the collection department of the bank, it is also likely to be outsourced to a third-party collection company. Various collection methods and frequent collection frequencies are a problem for the debtor himself and his relatives and friends. A huge "test".

4.: There are serious differences in overdue situations. If it is just a general overdue payment and is repaid after collection, then it is not a big problem. It only takes a period of time to collect the credit, but if it is overdue for more than 3 months, then the bank is likely to proceed. At that time, he will be listed as a dishonest person and become a defaulter, and it will be very troublesome to limit high consumption.

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 to do if the credit card cannot be paid

Instalment payment, apply for the maximum amount of installment payment, which can alleviate the problem. The monthly repayment pressure will not accrue more interest. Choose the monthly minimum repayment function. The minimum repayment amount is generally 10% of the total bill. As long as you ensure that you repay the minimum repayment amount every month, it will not affect your personal credit and will not incur late payment fees. To apply for a deferment of repayment, go to the bank to apply for a deferment of repayment and state a clear repayment date, then you will have three days to defer repayment. Find someone to repay the credit card on your behalf, find some institutions or individuals that repay the credit card on your behalf, and you only need to pay the interest to the individual or institution that repays the credit card on your behalf every month for the time being.

If citizens are unable to repay credit cards and online loans, they can solve the problem by paying the minimum repayment amount, using the bill installment function, and actively negotiating with the bank to explain the situation. Then when using a credit card, you must pay attention to the repayment date and repayment date. If the party fails to fulfill its repayment obligations in a timely manner, it will not only result in a certain late payment fee, but will also affect its own credit record.

This ends the introduction on what to do if you can’t repay your credit card and what to do if you can’t repay your bank credit card. I wonder if you found the information you need?