1. What to do if credit loans and credit cards cannot be repaid

Users can choose to negotiate repayment with the bank. After the user submits an application for negotiated repayment, the bank will review it, and only if it passes the review can the negotiation be successful. After review, the bank will reject the user's negotiation application, so the user can only find ways to raise money and pay off the credit card debt first. After all, overdue credit cards will have more negative impacts. In addition, the credit card debt may also be caused by the user's high debt ratio. The user can repay the loan in a planned manner and give priority to repaying the credit card debt.

Credit card is a tool provided by banks to allow qualified cardholders to make overdraft purchases in advance. After using credit card for consumption, users must repay the debt on time within the specified repayment period. Otherwise, overdue behavior will not only cause Penalty interest will affect personal credit. For serious overdue circumstances, the cardholder may also be sued by the bank. If the cardholder is determined to have malicious overdraft, he may also bear criminal liability for credit card debt. Therefore, even if you cannot afford to repay your credit card debt, you still need to find a way to repay it.

2. What are the consequences of overdue credit cards?

1. No longer enjoy the interest-free repayment treatment

When the amount of debt owed is small and the overdue period is short In this case, the card-issuing bank will calculate interest on a daily basis from the day the consumption occurs, using the consumption amount as the principal, with a daily interest rate of 0.05% and compound interest on a monthly basis. For the unpaid portion of the minimum repayment amount, interest will be calculated on a monthly basis. 5 late fee charged.

2. Receive a reminder notice

When the overdue time reaches a certain period, the bank will send relevant reminder notices.

3. Impact on personal credit record

When the overdue time is too long and the bank’s reminder notice is ignored, the credit card account will be frozen by the card-issuing bank. Arrears records may be fed back to the People's Bank of China's personal credit reporting system, affecting the cardholder's personal credit record and causing the cardholder to be unable to apply for a housing mortgage loan normally.

4. In serious cases, "malicious overdraft" may constitute a crime.

When the amount of debt owed is large and the overdue period is long, it may even violate the Criminal Law. If a cardholder overdrafts beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and fails to return the card for more than 3 months after being called upon twice by the card-issuing bank, it shall be deemed as a "malicious overdraft."

If you owe credit cards or credit, you need to negotiate for repayment. If your credit card is overdue, you will receive a collection notice and you will be sued by the bank that issued the card. Credit cards are non-cash payment methods that can provide the function of consumption first and repay later. According to the objects of use of credit cards, they can be divided into personal cards and corporate cards. According to the payment of reserve funds, they can be divided into credit cards and quasi-credit cards. , the credit card has the characteristics of interest-free repayment and revolving credit.