1. What to do if a person goes to jail and owes a credit card

If the cardholder is in jail but has unpaid credit card debt, it is recommended to contact family and friends Help me add money to the card, just transfer money from a bank card with funds in your name. If you don't have the money to repay, you can also seek help from relatives and friends first, let them repay the money on their behalf, and then repay the money to your relatives and friends after you are released from prison.

If you can’t find any relatives or friends to help you, and you really don’t have the ability to repay, you are advised to call the bank’s customer service staff to explain clearly your imprisonment and try to apply for a suspension of interest rates. Make a verbal filing first, and then go to the card-issuing bank to apply in writing after you are released from prison.

After the bank accepts the application, it will conduct a comprehensive settlement of the credit card debt and calculate the principal, interest and other related fees that should be repaid. After the bank's approval is completed, the cardholder will then repay the principal of the debt on time. . If you cannot pay it off at once, you can also try to apply for an extension of the repayment period and repay the debt in installments.

Everyone needs to note that under special circumstances, if it is confirmed that the credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing. However, the maximum term of a personalized installment agreement cannot exceed 5 years.

2. Will the bank sue you for late repayment on your credit card?

Generally speaking, if your credit card repayment is overdue, you may encounter the following consequences:

1. Failure to repay in time will affect your personal credit record. This is first of all. If you are overdue, you are not keeping your promise.

2. Once there is a bad record on personal credit, it will affect future matters including various loan applications, credit card applications, and even going abroad. This is not an issue that affects the continued use of credit cards.

3. If you do not repay the debt for a long time, there will not only be high late payment fees and interest;

4. The bank may also transfer this part of the debt to If it is classified as a malicious overdraft, that is to say, if you overdraft maliciously, the bank will have the right to judicially prosecute the cardholder who fails to repay the card for a long time.

5. In practice, after applying for a credit card, if the payment is overdue for more than three months or the bank has not paid more than two reminders, the bank will freeze the card and classify it as a prohibited customer. The bank will then go to court to sue.

3. What to do if the credit card debt is temporarily unpaid

1. First, call the bank customer service in time to negotiate an extension of repayment

(1) Generally, most banks will Cardholders are allowed to call and apply for a deferral of repayment, usually for one week.

(2) Therefore, as long as you pay back the money within the deferment period, you can avoid paying late fees.

2. You can pay the minimum repayment amount first

(1) Each bank will set a minimum repayment amount for credit card holders, as long as the cardholder can repay it With this minimum amount, the bank will not charge late fees, and it will not affect the cardholder's personal credit.

(2) In practice, this minimum repayment amount is 10% of the bill amount.

3. Request to change the final repayment date

(1) If the last repayment date happens to be when you are tight, you may wish to negotiate with the card issuer to change your repayment deadline date.

(2) According to the actual situation, you can choose the final repayment date two or three days after the salary is paid. This will not only have enough money to repay, but also avoid having to pay for your own debt in the next month. Spending without restraint.

After being imprisoned, cardholders need to continue to repay their credit card debts. Overdue credit cards will incur high interest rates and will also be charged late fees. Overdue records will be recorded in personal credit reports, which will affect The cardholder’s personal credit. In the event of multiple non-payments on a credit card, the bank will stop the cardholder from using the credit card and collect the outstanding balance from the cardholder.