In 2022, Xingfa Bank credit card can be repaid by agreement in about 3 months. This time period is generally when banks outsource debt collection to a third party. When a credit card is overdue in the early stages, the bank collects it internally, which has little impact on personal life. However, if the credit card is overdue for a long time before negotiation, the interest and liquidated damages incurred by the credit card will already be very high.

The role of credit card

Shopping and consumption. Shopping is the most common use of credit cards. Small installment credit. Due to the overdraft feature of credit cards, installment payment relieves users' financial pressure. Provide convenience for overseas consumption. Credit cards with "VISA" or "MasterCard" on the card can meet the needs of overseas consumption without the need to exchange foreign currency.

Relieve economic pressure. The main function of a credit card is overdraft consumption. When users are in urgent need of money, credit cards can relieve temporary financial pressure.