If the cardholder is unable to repay the credit card debt, it can be handled by repayment according to the minimum repayment amount, installment of the credit card bill, negotiation with the bank for extension, etc. If the arrears are not handled, the cardholder's credit will have a bad record. The following is a detailed answer to the question about the best way to deal with credit card inability to repay.

First, the best way to deal with the inability of credit card repayment

If the cardholder is unable to repay the credit card arrears, it should be handled according to different situations:

1. Repay according to the minimum repayment amount.

If you just can't pay off the debt at one time, the cardholder can make repayment according to the minimum repayment amount of the bill first, and then make repayment when he has the ability to repay.

2. Bill installment payment

If you are temporarily unable to repay, you can pay a certain amount of bill interest. General bills can be divided into six months, 1 year, etc. Cardholders can be divided into stages according to their repayment ability.

Step 3 negotiate with the bank

If you are unable to repay, you can consult the bank to extend the arrears.

2. Can I apply for credit card overdue penalty relief?

You can apply.

1. Everyone should combine emotion, law and reason when applying. "Love" means playing emotional cards, such as showing that one's repayment ability is insufficient, family difficulties and so on.

2. Legally speaking, if the cardholder fails to pay attention to or understand the relevant overdue penalty clauses when handling the credit card, then when collecting the penalty interest and liquidated damages, he will ask for relief on the grounds that it is too high, and the Supreme Law will handle it as appropriate (that is to say, the law is likely to support it).

Finally, credit card negotiation repayment is supported by relevant banking regulations. If the bank refuses blindly, the user can complain to the CBRC.

Credit cards are really unable to repay. What should banks do?

The collection process after the overdue credit card is: internal collection, SMS, phone call, email reminder repayment, letter collection and door-to-door collection. If the above collection method is adopted, it is impossible to get back the arrears. Then the bank will go through the proceedings, the cardholder. Then the cardholder will receive a subpoena. However, if the cardholder's debt is small and the repayment attitude is good, then the bank may also treat the cardholder's debt as a bad debt.

What if the credit card is not returned?

1. Change the credit card bill.

If the cardholder is not expected to get the credit card, he can call the credit card center of the issuing bank to apply for changing the credit card before the billing date (remember to apply before the billing date) to achieve the purpose of delaying repayment.

Tip: Whether you can change the bill date and the number of times you change the bill date varies from bank to bank. Card friends should call the bank in advance.

2. Fault-tolerant service.

If card friends can make up enough money within one or two days after the due repayment date, they may wish to make full use of the time-tolerant service of the bank.

Tip: Time-sensitive service requires the cardholder to apply actively.

Ask for help.

The credit card is still expired. In order to avoid overdue, please borrow some money from your friends first, return the credit card, and then return it to your friends when the funds are plentiful. This method is not commonly used, but it can be used occasionally.

4. Minimum repayment amount/bill installment.

The minimum repayment amount of credit card and bill installment can also avoid overdue, but the cardholder needs to pay the corresponding interest and handling fee to the bank. However, the minimum repayment amount of the credit card and the annual interest rate of the bill installment are as high as 18.25% and 14%, and the short-term emergency is ok. It is not recommended for cardholders to use it for a long time.

5. Use the card reasonably.

What about credit cards?

1. Interest and late fees followed.

If the credit card is not repaid, the cardholder will no longer enjoy the interest-free period. From the date of consumption, 0.05% interest will be charged on a daily basis and compound interest will be paid on a monthly basis. Not only that, but also a late payment fee of 5% for the unpaid part of the minimum repayment amount is inevitable.

2. Personal credit record is tainted.

If you don't repay the loan after the bank's grace period (2-3 days), your credit history will be stained. With the credit stain, the loan applied for is not only low in amount, but also high in interest rate.

3. Malicious overdraft faces sentence.

If the credit card is overdue for more than three months, it will be regarded as malicious overdraft and the bank can initiate judicial proceedings. China's criminal law stipulates that if the credit card overdraws more than 5,000 yuan and the debt lasts for more than 3 months, the judicial organ will take corresponding measures (more than 5,000 yuan; Criminal detention of less than5,000 yuan).

Article 675 of the Civil Code, the borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and 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.

What if the credit card can't be repaid?

Legal analysis: overdraft credit card cannot be repaid, and there are three solutions: 1, negotiation. The cardholder can contact the issuing bank by phone to discuss the repayment channel and specific repayment amount of overdraft; 2. authorize the agent ad litem to deal with the bank. If it is a bank, the cardholder may entrust an agent ad litem to handle litigation matters; 3. Being enforced by the people and blacklisted. If the cardholder is unable to repay, it will be enforced.

Legal basis: Article 120 of the Civil Procedure Law of People's Republic of China (PRC) shall file an appeal with the people and submit copies according to the number of defendants. If it is really difficult to write a written statement, you can make an oral statement, and the people will record it in the transcript and inform the other party.

According to Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years. So under normal circumstances, banks will deal with it according to the actual situation.

This is the end of the introduction on how to deal with the failure to repay the credit card and how to deal with it when it cannot be repaid. I wonder if you have found the information you need?