1. What should I do if the credit card is unable to repay the debt

1. Use the minimum repayment function

The credit card bill will have a minimum repayment amount, and the cardholder can repay it according to the minimum repayment amount, but the unpaid principal will generate a certain amount of interest.

2. Repayment by installments

If the credit card can't be repaid at one time, you can apply to the bank for repayment by installments, you can call customer service, or you can help yourself on the bank APP. It is suggested to divide the number of installments to the longest, so as to reduce the repayment pressure, so as to avoid overdue repayment and affect personal credit information.

3. Apply for an extension of repayment

If the repayment has been made by installments and it is impossible to repay, it is recommended to explain the situation to the bank in advance, apply for an extension, and extend the repayment time a little later. If it affects the consent, the repayment time can be postponed, so that you can have time to collect money to repay.

4. Borrow money from relatives and friends for repayment

Cardholders can borrow money from relatives and friends to repay the credit card debt, and then pay it back to relatives and friends after they have money on hand.

2. Can credit card bad debts be repaid by negotiation?

1. For credit card bad debts, it is difficult to negotiate with banks to repay only the principal, and banks generally will not easily agree. After all, the overdue penalty interest of credit card is calculated and collected at the daily interest rate of five ten thousandths. The interest rate is compliant and the fee is reasonable, so customers naturally cannot refuse to pay it back for no reason.

2. If the negotiation on repayment of principal only fails, the customer can try to apply for suspension of interest payment. If the application is successful, interest will no longer be accrued on the arrears (the previous interest has been accounted for and still needs to be repaid); And you can try to apply for extending the repayment period and repaying the arrears in installments.

3. We also need to note that if the credit card is overdue for a long time and the amount owed is relatively large, some banks may consider reducing interest and penalty interest as appropriate in order to recover the money as soon as possible.

4. Bad credit card debts are not necessarily caused by overdue debts, but may also be caused by overpayment. As for the credit card bad debts caused by overpayment, customers only need to take out the overpayment quickly, and then the credit card bad debts will be eliminated naturally.

Therefore, you should find a way to pay back the credit card within the specified time, or you will run the risk of overdue. Once overdue, you will be constantly urged by the bank, and at the same time you may risk being sued by the bank. Therefore, when using the credit card, you should use it reasonably. If you squander it without restraint, you will easily exceed your repayment ability, resulting in your inability to repay the arrears.