Credit card arrears are overdue for one month and ten dollars is not afraid to pay back?
In fact, this practice is not desirable. Although it seems that paying 10 yuan a month can show your willingness to repay, in fact, for banks, 10 yuan is not a problem at all, and it may not even be enough for monthly interest.
Especially if it is overdue within 90 days, the interest will be deducted first and then the principal will be deducted. In this way, the principal owed by the credit card may not be paid at all, and the interest will continue to rise every month, which will never be finished.
For this reason, the bank will not stop the collection of cardholders when paying 10 yuan every month. If the amount owed is large and overdue for a long time, it will still sue.
If you don't answer the phone call from the bank during this period, the bank will take more severe collection measures, thinking that the cardholder is suspected of maliciously overdrawing the credit card and directly suing, and the cardholder will lose the opportunity to communicate with the bank to negotiate repayment, unless it can be paid off in one lump sum before the court decides. If the circumstances are minor, the punishment may be exempted.
Therefore, the correct way is to evaluate your future income after the deadline. If you really can't repay it in a short time, don't waste your effort to repay 10 yuan every month. The bank must answer the call to see if it can negotiate repayment. It is usually three months overdue before the bank agrees to negotiate. If negotiation fails, it is necessary to quickly collect money for repayment, otherwise the principal will be defaulted to 50,000 yuan, and criminal responsibility may be pursued.