What should I do if my credit card cannot repay the loan?

If your credit card temporarily has no money to repay, you can defer the repayment or apply to the bank for the minimum repayment. If the overdraft amount reaches more than 10,000 yuan and is not repaid for more than 3 months after two collections by the card-issuing bank, it constitutes a credit card crime and will be prosecuted for criminal liability. If all 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. If the person still refuses to execute the judgment, he will be suspected of refusing to execute the judgment or ruling.

"Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards" Article 6 The cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and has been called for collection twice by the card-issuing bank If the money is still not returned more than three months later, it shall be deemed as a "malicious overdraft" as stipulated in Article 196 of the Criminal Law. Any one of the following circumstances shall be deemed as "illegal possession for the purpose" as stipulated in the second paragraph of Article 196 of the Criminal Law: (1) Knowing that one has no ability to repay and making a large overdraft that cannot be repaid (2) Wantonly Squandering overdraft funds and being unable to return them (3) Escape after overdraft, changing contact information, and evade bank collection (4) Escape and transfer funds, conceal property, and evade repayment (5) Use overdraft funds to carry out illegal and criminal activities (6) Other behaviors of illegally possessing funds and refusing to return them.

The best way to deal with an overdue credit card and no money to pay back

If the credit card is overdue and you have no money, you can still negotiate with the bank and explain your inability to repay the money

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Clearly, and then try to apply for extending the repayment period, repaying the debt in installments, and at the same time, you can try to apply for a suspension of interest rates.

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the repayment amount is brushed out and the funds are returned to the bank.

Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only result in legal consequences, but also bear high penalty rates. , the most important thing is to form a bad record.

In-bank repayment: This repayment method mainly includes: card-issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

Mobile phone repayment: A mobile phone is a personal payment terminal of a mobile financial system, which can be used to directly repay by swiping a card, or to perform transfers and other services. Instant payment!

Convenience store repayment: Convenience store repayment is mainly completed through the "Lakala" smart payment terminal installed in the convenience store. It usually takes 2 to 3 working days to arrive in the account, and there is no handling fee for repayment using this method.

Online repayment: The more common online repayment methods in China include: Baidu Wallet, UnionPay Online, Kuaiqian, Shengfutong, Alipay, Yipay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

Inter-bank transfers: Inter-bank transfers/remittances and repayments are mainly divided into two methods: inter-bank inter-bank in the same city and inter-bank inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the arrival time and convenience of repayment are not as good as intra-peer repayment, online model repayment, convenience store repayment, etc. .

What to do if you have no money to repay your credit card?

If you have no money to repay your credit card, we should discuss it in two situations, one is that you have no money to repay temporarily, and the other is that you have no money to repay for a long time. .

1. Temporarily no money to repay:

There are many ways to solve the problem. For example, you can apply for credit card installments, or apply for deferred repayment, or make minimum repayments. All of them can reduce the repayment pressure. You don’t need to pay so much money at once to avoid overdue payments. However, the repayment pressure in the later period will be different depending on the method you choose.

2. Long-term lack of money to repay:

If you are unable to repay the loan on your own, it is best to start raising money to repay before the repayment date, whether you are looking for someone to borrow it Money, or selling assets, as long as you can raise money to repay, is a good way. If you really can't raise the money and have no choice but to let your credit card expire, if it takes a long time, it is best to contact the card issuer to negotiate repayment.

What are the consequences of not paying back the credit card

(1) High interest and late payment fees

1. Cardholders who do not repay the credit card will no longer enjoy the credit card During the interest-free period, interest will be charged at 0.5% per day starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

2. If the credit card interest-free period is exceeded and the credit card holder is not repaid in time, the bank will charge a late payment fee to the credit card holder. The ratio is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge a late payment fee to the credit card holder. Cardholders are charged higher penalty rates.

(2) Personal credit stains

1. As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. Once your credit record is stained, Basically it will be very difficult to apply for a credit card;

2. This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage will be lower than others, and the interest rate will be lower. It is higher than others. If your application is seriously overdue or even if you want to pay more interest, the bank will not lend.

(3) Credit card suspended

1. If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended.

2. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and ask the holder for payment. If the cardholder still fails to repay the credit card debt after being pursued by the bank, the bank may apply to auction the cardholder's other fixed assets.

What to do if you have no money to pay off your credit card?

1. All credit cards should have a minimum repayment amount. If you pay that back first, the bank will not take legal action against you, and it will not affect your credit in the future! ! Don't take any chances. 2. The easiest way is to borrow some from your friends and relatives. If there are not many friends who can borrow some money, then ask your boss to take your salary first and supply it to the bank first. However, the editor personally believes that it is better not to ask the boss to pay off the credit card first. This will cause a negative impact in front of the boss and may affect future promotion and development. 3. Summarize your credit card consumption situation every month and control your expenditures reasonably. For example, how much money was spent and where it was spent. Finally, have your own impression when paying back the credit card. 4. In order to pay off the credit card, find all the ways to make money and exchange it into RMB to pay the bank as soon as possible. The way to make money here refers to the way from formal channels. Never do anything illegal to pay off a credit card, as this will cause greater harm to yourself. 5. No one really borrows. If you have multiple credit cards, you can use another credit card for emergency purposes, and then return the money to the credit card that needs urgent repayment for a turnover. But remember, after repaying the loan, you must quickly make up the bill for the money that was taken away, so as to avoid the cycle of late repayments.

This ends the introduction on what to do if you have no money to pay back your credit card and what to do if you have no money to pay off your credit card now. I wonder if you found the information you need?