1. What to do if the credit card debt is overdue

The following methods are available for reference:

(1) Yes Choose to negotiate repayment with the bank of the credit card. If you are unable to repay the loan due to special reasons, such as disability, unemployment, major illness, etc., you can submit the information for the bank to review. After the review is passed, you can generally negotiate for repayment.

(2) Take the initiative to contact the card-issuing bank for negotiation and apply for a suspension of interest rates to see if the repayment period can be extended and repaid in installments. The bank will consider it as appropriate.

(3) Borrow money from relatives and friends and repay it, write down an IOU, promise to repay the money within a certain period of time, and then repay the borrowed money to the loan first, and then the funds will be sufficient. , and then pay back the money to relatives and friends to avoid any impact on your credit report.

2. The worst result of being unable to repay your credit card

(1) Overdue repayment will be recorded in the personal credit report, but negative information such as overdue repayment will not be recorded in the personal credit report forever. According to the report, my country’s current credit record retention period is five years. After paying off the balance, anyone can start building their credit history all over again.

(2) Overdue bank credit card payments may be suspected of credit card fraud.

(3) If the principal amount of the debt exceeds RMB 10,000 and is still not repaid for more than 3 months after two collections by the card-issuing bank, it shall be deemed as a "malicious overdraft" under the criminal law and suspected of credit card fraud. For the crime of fraud, the person shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention according to law, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan.

(4) If the amount of malicious overdraft is relatively large and all the overdraft interest has been repaid before the public security organ files the case, and the circumstances are obviously minor, criminal liability may not be pursued in accordance with the law.

3. Will you go to jail if you are unable to repay your credit card?

It is possible to go to jail if you are unable to repay your credit card. According to relevant regulations, if the cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and fails to return the card for more than 3 months after being called upon twice by the issuing bank, it shall be deemed to be a violation of the provisions of Article 196 of the Criminal Law. "malicious overdraft". Therefore, if your credit card is insolvent and you engage in malicious overdraft behavior, you will be suspected of credit card fraud.

If the credit card cannot be repaid, the cardholder can apply for the minimum repayment function of the credit card. As long as 10% of the current bill is repaid, the cardholder's credit record will not be overdue. Cardholders can also proactively contact the bank to explain the reasons why they cannot repay, and negotiate with the bank to develop personalized installment repayments.