What should I do if I can’t pay back my credit card debt? How to solve it?

1. Solution to credit card debt that cannot be repaid:

1. If it is not convenient to repay in full in the current period, you can first pay the minimum repayment amount according to the bill. Paying the minimum repayment amount will not affect your credit record and no late payment fees will be charged, but interest will be charged on all purchases in the bill.

2. Cardholders can also apply for bill installment before the bill is due for repayment. After the application is successful, only the uninstalled amount of the current bill will be repaid, and the first installment amount and handling fee will be included in the next bill. It's like delaying repayment.

3. Due to the high cost of minimum repayment and bill installment, cardholders can also choose to borrow money from friends, or through short-term borrowing platforms such as Ant Borrowing and Weilidai that support borrowing and repaying at any time. turnover to reduce unnecessary expenses.

2. The consequences of late payment of credit card overdraft:

1. Credit card late payment fees.

2. Overdue interest.

3. Litigation costs. If the user fails to repay the overdraft after 2 months, the bank will call the user to remind the user to repay. If the loan is not repaid, the bank will ask a lawyer to issue a lawyer's letter to the user.

4. Bad credit record.

5. Criminal liability for malicious overdraft. According to Article 196 of my country's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return it after being called by the card issuer.