If you have a credit card debt and cannot pay it back, you can refer to the following methods:

Use the minimum repayment function

Each bank will have a minimum repayment amount Function, as long as you pay the minimum repayment amount, the bank will not charge late fees, nor will it affect your personal credit. Generally speaking, the minimum repayment amount is 10% of the total bill amount. For example, if you spent 10,000 yuan on your bill this month, the minimum The repayment only needs 10,000*10=1,000 yuan.

However, interest will be charged for repaying the minimum, which is 50% of the interest per day. Therefore, you only need to repay the minimum. Although the pressure will be reduced, compound interest will occur, which will be relatively troublesome, and you can only For temporary delay.

Use the installment function

If you are under repayment pressure, you can directly apply for bill installment. Generally, banks provide 3, 6, 9, 12, 18, and 24 installments. , you can choose the number of installments according to your repayment ability, which can alleviate the repayment pressure and will not affect your credit;

The disadvantage is that there will be handling fees, which vary from bank to bank, but generally Between 0.6-0.8.

Change the bill date to extend the repayment period

This is also what others call the 100-day interest-free period. Here is an example:

Mr. Li spent 10,000 yuan on his credit card due to demand, but he found that he could not pay it back at once, and he did not want to pay the minimum or installment, so he could first extend the time for the bill to be issued by changing the bill date to extend the repayment time. , assuming that his 1W will be billed on May 29, then Mr. Li can call the bank on May 28 to apply to change the billing date, which can be changed to 25 to 27, then there will be no bill in May. , this 1W will be billed from the 25th to the 27th of June, plus about 20 days of interest-free repayment period, this amount only needs to be repaid around the 18th of July; if that time If you still can't pay it back, you can still use the two methods mentioned above.

Note: The billing time cannot be changed casually. Generally speaking, it can be changed once every six months. Some banks change it once a year, and some banks can only change it once.

Repay by applying for a card or raising the limit

If you can apply for a card or raise the limit, you can also use the card to replace the card, but this method must be used well, otherwise The outcome is still the same, so the solution is to understand and be familiar with several functions of credit cards, and then implement these basic functions.

Proactively explain the situation to the bank for negotiation

If you are unable to repay for a period of time due to special circumstances such as work, you can proactively call the bank to explain the reason and prove that you are not refusing to repay maliciously. There is indeed a reason. Discuss whether you can delay the repayment. Never change your phone number and ignore the bank. This will destroy your personal credit unless you will never deal with the bank again.