How to pay off credit card debt while serving a sentence
You can entrust relatives and friends to repay it on your behalf. Pay it back upon your release from prison. In this case, you can wait until you are released from prison and repay it yourself. However, the penalty interest, interest and liquidated damages on the credit card during the sentence are still being calculated. After you are released, you can negotiate with the bank to pay less or not at all. related costs to reduce related costs. Article 675 of the "People's Republic of China and Civil Code" The borrower shall repay the loan within the agreed period. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time. Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant national regulations. Article 677 If the borrower returns the loan in advance, interest shall be calculated based on the actual loan period, unless otherwise agreed by the parties. Article 678 The borrower may apply to the lender for an extension before the expiration of the repayment period; if the lender agrees, the extension can be made.
How to deal with credit cards in detention centers
(1) You can set up linked repayments, or find family and friends to help repay the loans. (2) When a person is in the detention center, he can authorize others to repay the credit card on his behalf. (3) If the prisoner is sentenced, since the prisoner’s credit card cannot be used normally, the credit card account cancellation procedure should be completed. If it is inconvenient for inmates to handle the account cancellation procedures, others can handle it on their behalf.
What should I do with my credit card if I am caught in jail for committing a crime?
What should I do if the debtor is in jail? Does it mean I don’t have to pay back the debt?
Don’t be so naive. Sooner or later, you will have to pay it back. Unless you are extremely poor, the bank will have no choice but to admit defeat. But your personal credit report It must be compromised. If your credit report is compromised, it will definitely have a great impact on you and you will be subject to many restrictions!
Nowadays, some people apply for bank credit cards before committing crimes. Because they are in jail, have no stable income, and cannot repay on time, banks usually classify them as non-performing loan borrowers.
In order to collect overdue debt, banks will usually first collect the repayment through these two channels
1 personal account
That is, on the repayment date, the debt will be owed from The reason why the debtor's account is debited is not because he has no money because he is in jail!
2 Family members assist in repayment
If the cardholder is in jail, the bank will ask the cardholder’s family to repay the loan. If the cardholder owes too much, the family will also repay the loan. What should I do if I can’t afford it? The bank will first deal with these bad debts, and then keep them until the criminal comes out and then repay them, or package them to the asset company, and then it becomes the debt of the cardholder and the asset company.
If you owe money to a bank, the bank must protect its own rights and interests. Many people come out after committing crimes and find that their debts have not been reduced but have increased, such as overdue fees, late payment fines, liquidated damages, etc.
I am Zeng Peng, specializing in financial credit card loans. Welcome everyone to pay attention to exchange and learn!
The question you asked is very embarrassing, just like asking me if I uninstall Alipay and Huabei, I don’t have to pay it back. I definitely have to pay it back.
When a person is in prison, he or she can ask family or friends to help pay off the credit card, and wait until the funds are sufficient before repaying the money. If the credit card is overdue and the circumstances are serious, the bank will be held legally responsible, and you may also go to jail. . If you have difficulty paying off your credit card, you can apply for the bank's deferred repayment service within a short period of time, or you can repay through installments, minimum repayments, or changing the bill date.
Even if you are in prison, you still have to pay back the money in your credit card. When you are in prison, you can ask family or friends to help you pay off your credit card, and then pay back the money after you have sufficient funds.
If you are unable to pay off your difficult credit card, you can apply for the bank’s deferred repayment service within a short period of time, or you can do so through installment repayment, minimum repayment amount, or changing the bill date. Repayment.
I emphasize again, don’t be so naive. Sooner or later, you will have to pay back your money. Unless you are extremely poor, the bank will have no choice but to admit defeat. But you Your personal credit report must be in the dark. If your credit report is in the dark, it will definitely have a great impact on you and you will be subject to many restrictions!
Because they are in jail, have no stable income, and cannot repay on time, banks will generally classify them as non-performing loan borrowers. These are quite terrifying. Not only will they no longer have anything to do with finance, they will also completely affect the lives of their children.
In order to collect overdue loans, banks will generally collect repayments from these two channels.
1. Personal account
Even if you are imprisoned, your personal account will be deducted from the debtor's account.
2. Family members assist in repayment
Even if the cardholder goes to jail, the bank will ask the cardholder’s family to repay the loan. This will completely affect the children’s lives. The bank will Deal with these bad debts first, and then wait for the criminal to come out and repay them. If the family can't repay them, the bank will package them to the asset company, and then it becomes the debt of the cardholder and the asset company.
The law will not offset the debtor's debt just because he has been punished by the law, so I would like to warn everyone here not to be a person who refuses to repay his debt, whether it is a friend, a bank or They are some private lending companies. We all need to borrow and repay. After all, it can be regarded as helping you tide over difficulties when you are in trouble.
There are two types of imprisonment, one for crimes and the other for refusing to commit crimes. Going to jail cannot pay off debts, that's for sure. But you will only be jailed once for the same case. If they are all in jail, their credit record will definitely be black. Although you still owe the money you took out, you don’t have to pay it back. If I want to go to jail and get out, I won't pay it back. If I don't, I'll be sentenced to life. It's not like he's going to be shot. Lawyers usually tell you the law, not the facts.
People apply for bank credit cards before committing crimes. Because they are in jail, have no stable income, and cannot repay on time, the bank will generally classify them as non-performing loan borrowers.
Debt sorting, China localized economic planning, debt planning
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The founder will give you answers with practical experience_
Stay away from illegal occupations that are inhumane. Avoid being devastated deep inside.
For credit card overdue, do not interpret the law solely. It does not constitute a credit card if it is more than 50,000. Rather, after a credit card is constituted, the sentence will be determined based on the circumstances. If it constitutes fictitious facts and malicious possession, then the crime of credit card is constituted. After the crime is constituted, the sentence will be determined based on the amount involved. Less than 50,000 is only a reduction and exemption from criminal offenses. Never interpret the law blindly.
There are a large number of credit card applicants and cardholders in China who hold the card for incorrect purposes. Most cardholders cannot spend rationally or cash out for other purposes. Not understanding credit card default liability. Single considers credit card limits to be interest-free loans. Little do they know that once a credit card is overdue, the highest annual interest rate can be 122.73, and the lowest is no less than 33.34. Credit cards that are overdue for more than three months involve credit cards. Credit cards are a big trap for people. It is one of the three poisonous drugs in Taiwan Province.
1. The first is self-psychological reconstruction. After debtors have experienced overdue debts, heavy collections, and betrayal and separation, what they need most is the courage to live well and the vision for a better future. Returning to family life, I feel that the world is still warm. This is the first step you should take. Once this step is done, I believe that I can do anything. You can do it! come on! Entrepreneurship and employment have risks, and risks are directly proportional to profits. Be able to reasonably assess your abilities and stress tolerance. What follows is the worst-case scenario. Please read below_
2. The second step is to understand the processing sequence. As for why this is the order, I won’t explain it in order to prevent copycats and piracy from using the founder’s words to deceive debtors out of their money again. Credit cards_Secured financial loans and private loans_Unsecured financial loans and private loans_Online loans and car loans_Friends and relatives loans. There are slight differences in the processing of corporate loans and personal loans. Repayment must confirm the real investor, real principal, remaining principal and remaining interest.
3. Know how to deal with it.
For bank loans and credit cards, you can negotiate for a second installment for free through customer service, bank staff or genuine debt settlement agencies. In particular, you need to know the order of credit card repayments. After a credit card is overdue, it will be repaid in the order of liquidated damages, compound interest, handling fees, interest and principal within three months. For more than three months, the principal is repaid first. Moreover, once the credit card is overdue, the annual interest rate can reach up to 122.73. It is legal to trick people and harm them. And if it is overdue for more than three months, it may involve criminal offenses. It must be dealt with as soon as possible. With genuine debt sorting, you can negotiate repayment installments for free.
For online loans and small loans, most of them are fake investors and fake platforms. Their method is nothing more than collection. Please read carefully my answers to collection questions. You can repay the real investor through judicial proceedings. No repayments will be made without real investors. For specific operations, please consult the official debt settlement company.
For routine loans, you can call the police. If the police ignore you, you can seek help from the Genuine Debt Collection and Anti-Violence Collection Team.
_Finally, remind the debtor. Don't be afraid of violent collection. Don't pay back to whichever company is forcing you to do so. Be sure to repay legal loans. Only when you enter the repayment process for the second time after being overdue can you consider cleaning up your bad credit record. Come to me then. If you can afford it, please start a business! Remember, a successful business is not how much money you make, but how many jobs it creates.
If you think what I said is helpful to you, please follow the official version. Excerpts and reprints without the permission of Debt Sorting founder are strictly prohibited!
Repay it after you come out. If the environment inside is okay and there is no routine loan, it is safer there.
What should I do if my husband goes to jail and owes a credit card?
1. If my husband goes to jail and owes money on a credit card, the bank will find a way to recover it. First, after confirming that the person concerned has gone to jail, The bank will debit the debt from the bank account of the debtor. If the party does not have a deposit in the bank, the bank will contact the cardholder's family members for repayment. If the family members refuse to repay the money, the bank will come and decide how to repay the money. 2. It is recommended that the wife repay the debt proactively, because default and interest will be charged if the debt is overdue. Liquidated damages will be 5% of the unpaid minimum repayment amount, which will also seriously affect personal credit. If the debt is defaulted for a long time, the consequences will become more and more serious, and even Influence children's schooling. 3. If the money owed to the credit card is used by both husband and wife, the wife is obliged to repay it. If your wife is useless, it does not count as a debt, so I suggest you help her pay it off. Article 195 of the "Criminal Law of the People's Republic of China" Under any of the following circumstances, anyone who conducts letter of credit activities shall be sentenced to not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; the amount shall be: If the amount is extremely huge or there are other particularly serious circumstances, the sentence shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; A fine of not less than RMB 500,000 but not more than RMB 500,000 or property confiscation may be imposed: (1) Using forged or altered letters of credit or accompanying documents and documents; (2) Using invalidated letters of credit; (3) Fraudulently obtaining letters of credit; ( 4) Carrying out letter of credit activities by other methods.
What should I do if I am in prison and owe credit card debt?
If I am detained for a crime or imprisoned and cannot repay my credit card, I can entrust others to handle it on my behalf. The debtor cannot be exempted from the liability of the credit card because his personal freedom is restricted because he is suspected of committing a crime. The bank has the right. It is recommended that the parties concerned actively communicate with the bank or contact family and friends to handle it on their behalf, otherwise it may constitute a credit card violation.
According to the first paragraph of Article 196 of the Criminal Law: “Whoever engages in credit card activities under any of the following circumstances and the amount is relatively large shall be sentenced to not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan. A fine; if the amount is huge or there are other serious circumstances, the penalty shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the fine shall be not less than five years but not more than ten years, and also a fine of not less than 50,000 yuan but not more than 500,000 yuan; A fine of not less than RMB 50,000 but not more than RMB 500,000 or property confiscation may be imposed: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identification; (2) Using an expired credit card; (3) Using it fraudulently (4) Malicious overdraft. The second paragraph stipulates: "The malicious overdraft mentioned in the preceding paragraph means that the cardholder overdrafts beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and continues to do so even after being called upon by the card-issuing bank. The act of not returning. ”
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. The cardholder can use it at a special merchant of the issuing bank. For shopping, you can also withdraw cash at any branch of the card issuing bank or at any place with an ATM.
This kind of card can be divided into retail credit card and travel and entertainment card. 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, and for regular settlement. Travel and entertainment cards are credit cards issued by service industries, such as airlines and travel companies. etc., used for ticket purchase, dining, accommodation, entertainment, etc.
According to the different objects of issuance, it can be divided into corporate cards and personal cards.
Corporate cards are issued to the objects. Personal cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.
Personal cards are issued to urban and rural residents, including workers, cadres, Teachers, science and technology workers, self-employed households and other adult urban and rural residents with stable sources of income apply for personal cards in their own name and bear all responsibilities for using the card.
According to the holder's policy. Depending on the cardholder's credit standing and status, they can be divided into ordinary cards and gold cards.
Ordinary cards are issued to cardholders with average financial strength, reputation, and status. The various requirements are not high.
Gold card is a high-end credit card that pays high membership fees and enjoys special benefits. The card is issued to those with high credit standing, strong repayment ability and certain credit conditions. Social status. The authorization limit of the gold card is higher, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also higher depending on the repayment method. Credit cards can be divided into credit cards and quasi-credit cards.
Credit cards are used internationally when the card-issuing bank provides bank credit for overdraft and then repayment or installment payment. Most of them are this type of card. That is to say, the method that allows cardholders to pay off their credit card accounts is "spend first, deposit later".
Quasi credit card is a credit card issued by a bank that requires deposits first and consumption later. When applying for a credit card, the cardholder needs to deposit a certain amount of money in advance at the card-issuing bank for use. The balance of the credit card must be used as the basis, and overdrafts are generally not allowed.
What happens to the inmates’ credit cards after they are sentenced?
Can you set up linked repayments? Or you can find family and friends to help with the repayment. When you are in the detention center, you can authorize others to repay the credit card on your behalf.
Because credit cards have billing dates, late payment will result in penalty fees and late payment fees, so it is best to do so. Communicate carefully with the bank, explain the situation, and hope that the bank will agree to the repayment method of suspending interest payments.
When communicating with the bank, you must explain the prison term. If so, the bank cannot wait for the user forever.
If it is short-term, you can negotiate with the bank and hope to stop calculating credit card interest and give users a reasonable grace period to repay the principal in installments. This time will be calculated from after being released from prison, because there is no income at all in prison. , let alone repayment.
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Binding a bank savings card or salary card with a credit card and automatically transferring money for repayment every month is the most worry-free This labor-saving method can effectively avoid overdue bills due to misremembering the time or changing communication information.
In addition to third-party platforms, the mobile banking of various banks can also easily complete the repayment steps. Credit card repayments only need to move your fingers. Especially convenient.
If you have two credit cards, you can separate the billing dates and use the card farthest from the billing date to enjoy a longer interest-free period. In addition, most credit cards have the function of modifying the statement date. It is recommended to ask the bank customer service to find out the number of modifications to the card.