What to do if the credit card cannot be repaid

Legal analysis: If the overdraft credit card cannot be repaid, there are three solutions: 1. negotiation. Cardholders can proactively contact the card-issuing bank by phone to negotiate the repayment channels and specific repayment amounts for the overdraft amount; 2. Authorize the bank as litigation agent. If the bank files a lawsuit, the cardholder can entrust a litigation agent to handle the litigation matters; 3. It is enforced by the people and blacklisted. If the cardholder is unable to repay, enforcement will be enforced.

Legal basis: Article 120 of the Civil Procedure Law of the People's Republic of China. The complaint shall be filed with the people, with copies furnished according to the number of defendants. If it is really difficult to write a pleading, it can be done orally, and the people will record it and inform the other party.

What to do if you are unable to repay your credit card

Legal analysis: If you are unable to repay your overdraft credit card, there are three solutions: 1. Negotiation. Cardholders can proactively contact the card-issuing bank by phone to negotiate the repayment channel for the overdraft amount and the specific repayment amount; 2. Authorize a litigation agent to deal with the bank. For banks, the cardholder can authorize a litigation agent to handle litigation matters; 3. It is enforced by the people and blacklisted. If the cardholder is unable to repay, enforcement will be enforced.

Legal basis: Article 120 of the Civil Procedure Law of the People's Republic of China shall submit a petition to the people and submit copies according to the number of defendants. If it is really difficult to write a pleading, it can be made orally, and the people will record it in the transcript and inform the other party.

According to the provisions of Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay. Yes, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years. Therefore, under normal circumstances, banks will handle it according to the actual situation.

The best way to deal with the inability to repay the credit card

The credit card is temporarily unable to repay. You can choose to repay in installments or the minimum amount. The cardholder only needs to bear certain handling fees or interest. , will not affect personal credit; if you have no repayment ability at all, you need to contact the bank to negotiate repayment, and provide proof that you cannot repay on time, such as unemployment certificate, disability certificate, serious illness certificate, etc.

The maximum repayment period of the personalized installment plan formulated through credit card negotiation and repayment shall not exceed 5 years, and the repayment period, method, fees, etc. must be agreed upon. 1. It is best not to overdraft if you are unable to repay;

2. Since you are overdrafted and unable to repay, there are two solutions: one is to pay the bill in installments; but to repay according to the minimum repayment amount, both It will not affect your personal credit, but you will not enjoy the interest-free treatment on the current bill if you repay the minimum repayment amount. This situation is the most important thing to do if it is overdue. No matter how much money you owe, you should take the initiative to pay it. One more thing,

Banks generally won’t,

But if they don’t pay back at all and don’t answer the phone, they will definitely do it.

Solutions to overdue credit cards :

1. As a credit card holder, once you are unable to repay the loan on time due to unemployment, illness or other accidents, before the final repayment period arrives, the cardholder is best to contact the bank’s credit card center Take the initiative to call and state

your financial situation, affirm that you do not owe money maliciously, and apply for delayed repayment and interest discounts.

2. In view of the cardholder’s active performance and previous good credit record, the bank will often agree to defer the repayment, and work with the cardholder to agree on a mutually acceptable repayment plan, delay period, and interest discount. , monthly repayment amount, etc.

If you take the initiative to contact the bank and get the bank's consent to defer the repayment, you will not be recorded as a bad record, but it should be noted that you will be guaranteed to repay as agreed in the future.

3. If you forget to repay due to negligence, you must repay as soon as possible after it is overdue, preferably in full.

Then call the bank's credit card center and declare that the debt is not malicious. If the record has been good in the past, and the overdue time is short, and it is found that the repayment after the overdue period is good, it may not be recorded as a bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notifications and collection information to avoid overdue payments.

4. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. That is to say, bad credit records caused by overdue credit card repayments will be kept in the credit reporting system for two years. If terminated with a card, the corresponding records will no longer

scroll, but will be saved for a long time. Therefore, after an overdue payment on a credit card occurs, it is best not to cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years and keep your credit good during the period, so that you can

rely on the roll. Record and remove bad records from the credit reporting system.

In today’s credit society, don’t underestimate the stains of credit cards. This will cause you to be unable to handle many banking services, including car loans, housing loans, and commercial loans, so develop good card usage habits. , learn how to solve overdue credit cards and be prepared!

This is the end of the introduction on what to do if you don’t have the credit card and what to do if you owe the credit card and you don’t have the ability. I wonder if you found the information you need?