1. What to do if you have no money to repay your credit card overdue

1. Apply for deferred repayment. Most banks provide users with a grace period for repayment. As long as you repay within the grace period, you can also use installment repayment or minimum repayment. The minimum repayment amount is usually only one-tenth of the total repayment amount, which can be used for emergencies.

2. When you are unable to repay your credit card, you can borrow money from relatives and friends, and then repay it to your friends when you have sufficient funds. This can help individuals survive the crisis, but this method cannot be used frequently. In order to prevent being unable to repay on time on the repayment date, you must exercise restraint when using credit cards and do not exceed your tolerance.

If a credit card is not repaid, the bank will upload overdue records to the credit reporting center, and the bad information generated will be stored for a long time, and penalty interest will be generated until the cardholder repays. , and if the cardholder does not repay the card for more than 90 days, the cardholder will be blacklisted by the bank.

Card users need to be reminded that when the credit card debt has just been paid off, card users should not cancel the bank card. After about three months, the card user can actively apply to the bank to re-open the card, and then cancel the credit card after using the credit card for a period of time. Because after a credit card becomes overdue, if we cancel the credit card immediately after paying off the debt, the bad records due to the overdue credit card will be recorded.

However, the card user re-opens the card, uses the credit card for about two years, and maintains a good credit score during the period of using the card. Then the bad records in the personal credit report will be eliminated due to the rolling consumption records, and if there are bad records, the retention time may be as long as about 5 years.

2. What are the consequences of overdue credit cards?

1. Overdue credit cards affect personal credit. If a cardholder's credit card is overdue, it will be reflected on the credit report. If it is only a small amount that is overdue and the overdue period does not exceed 1 month, it will not have a big impact on applying for a mortgage, but if the overdue period exceeds 90 days and the amount is large, it will cause great damage to the personal credit report. Later, it is not easy for cardholders to apply for credit cards, credit loans, etc.

2. Overdue housing loans will be affected. If a couple buys a house and both of them have birth certificates, then when approving the mortgage, they will have to look at the credit reports of both people. If, as mentioned in the first point, one party has a large overdue amount, it is very likely to lead to this The mortgage cannot be approved.

3. Involving collection. Banks will collect collections on overdue items. If one of the parties has an overdue credit card and continues to fail to pay back the money, then collection is involved. For example, if the husband is overdue and fails to repay the loan, the wife may receive a collection call, which is very serious.

When you use credit cards, you should find that everyone is trying to avoid overdue credit cards. If you repay after the repayment date, your credit card will be recorded as overdue repayment. You must know that once overdue repayment occurs, it may leave a bad record on your personal credit report, which will be used when applying for a loan in the future. , will have an impact.