1. What to do if you owe a credit card?

The following methods are available for reference:

(1) You can choose to go with The credit card's bank negotiates the repayment. If you are unable to repay the loan due to special reasons, such as disability, unemployment, major illness, etc., you can submit the information for the bank to review. After the review is passed, you can generally negotiate for repayment.

(2) Take the initiative to contact the card-issuing bank for negotiation and apply for a suspension of interest rates to see if the repayment period can be extended and repaid in installments. The bank will consider it as appropriate.

(3) Borrow money from relatives and friends to repay, write down an IOU, promise to repay the money within a certain period of time, and then repay the borrowed money to the loan first, and then the funds will be sufficient. , and then pay back the money to relatives and friends to avoid any impact on your credit report.

2. Failure to repay credit card debt will cause serious consequences, specifically as follows:

1. After the credit card is overdue and is not repaid, the bank will first cancel the interest-free treatment and add Penal interest will be charged, and interest of 5% of the bill amount will be deducted every day until it is repaid;

2. The bank will collect the bill through various channels, including phone calls and door-to-door visits;

3. If the credit card is overdue for more than three months, it is possible to sue the court and apply for enforcement of the cardholder's relevant property;

4. If the credit card is overdue, the bank will freeze the card and enter the credit blacklist , you will not be able to handle other credit business in the future;

5. If the amount of debt owed is relatively large, such as more than 10,000 yuan, it is enough to be sentenced. If you cannot repay the money in time, it is possible to go to jail.

3. Can I still use my credit card after it is overdue?

In fact, there are many reasons for overdue payment, such as forgetting to repay, delayed bank transfer, malicious overdue, long-term arrears, etc., each of which The consequences of overdue repayment will be different. Some people may still be able to use the card, but those who use it will lose the right to use the credit card forever. Here are several situations to discuss:

1. For Banks will usually turn a blind eye to overdue cases that are not malicious and are not overdue for a long time. As long as the overdue amount is paid off immediately, the credit card will not be frozen, so the card can be used as usual after the overdue amount is paid off. .

2. If the overdue time is too long and the overdraft is malicious, then generally if the credit card is not repaid for more than 3 months, the bank will freeze the credit card, and it may not be able to be used after repayment. credit card. However, it is best to contact your credit card customer service to see if it can be unfrozen.

If the credit card is overdue, the cardholder can borrow money directly from his family and friends, pay off the credit card debt first, and then pay it back to his family and friends when he is able. Cardholders can also take the initiative to contact the card-issuing bank, truthfully inform the bank of their personal circumstances, and apply to the bank for an extension or postponement of repayment. No matter what, the debt must be paid off.