What should I do if my credit card is overdue and I have no money?

If my credit card is overdue and I have no money to pay back, the solutions are: 1. Negotiate amicably with the bank and strive for a grace period. 2. If you still have a little money on hand, you can choose installment repayment or minimum repayment. Some banks offer up to 24 installments. 3. You can borrow money from relatives and friends to pay off your credit card, and then pay it back to your friends when you have money.

The following are detailed instructions:

1. To apply for deferred repayment, most banks provide users with a repayment grace period. As long as they repay within the grace period, it will be fine. 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 the credit card is not repaid, the bank will upload the overdue records to the credit reporting center, and the bad information will be stored for a long time, and penalty interest will be generated until the cardholder repays the card. , and if the cardholder does not repay the card for more than 90 days, the cardholder will be blacklisted by the bank.

What to do if you are really unable to repay your credit card?

If you are really unable to repay your credit card, you can proactively contact the bank to negotiate repayment. After the user informs the bank of the reason for his inability to repay, the bank will decide whether to agree to the user's negotiated repayment based on the actual situation. If the repayment negotiation is successful, the repayment period can usually be extended and part of the interest and handling fees can be reduced. At this time, the user will repay according to the negotiated agreement.

If the negotiated repayment fails, the user must repay according to the previous repayment plan. If the repayment is not made on time, the bank will treat the user as overdue.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Credit cards are now very common. Many people apply for a card for the first time and don’t know where to start. Every bank's credit card application conditions are similar, but the information everyone checks online is one-sided and incomplete.

So what are the requirements for applying for a bank credit card?

① You need to have an ID number. The first condition must be that you are between 18 and 60 years old. Under normal circumstances, people who want to apply for a credit card and are within this age range can use your ID number to apply for a credit card.

②Need proof of financial resources?

When applying for a credit card online, you do not need to submit any proof of financial resources. You can start the online application now. After you fill in the work unit, the bank can use the social security payment records to check whether the applicant actually works in the unit. As long as you have a relatively stable job in a relatively stable company, then you have the ability to repay. If you own a car or a house, you can also ask the bank to increase your credit limit after your application is successful.

③Need proof of employment?

When applying for a credit card online, you do not need to submit any proof of employment. For example, if you fill in your employer when applying online, you do not need to submit proof of employment. The bank can check whether the applicant is genuine through social security payment records. Really work for this unit. As long as you have a relatively stable job in a relatively stable company, then you have the ability to repay. In case your employer fails to pay social security for you normally, you will need to submit proof of employment through other methods.

The above are some conditions for applying for a bank credit card. Each bank has slightly different requirements for applying for a credit card. Therefore, before applying for a card, you should understand the requirements of the bank applying for the card. As long as you make preparations according to the bank's requirements and provide true information, you can generally apply for a credit card successfully.

What should I do if I have no money to repay the credit card?

Legal analysis: Credit cards must be repaid in time. If you really don’t have the money, you can pay the minimum amount first. If you still have no money, it is recommended to ask your family for help. If you fail to repay your credit card on time, you will be legally responsible. First, high overdue interest will be incurred. Secondly, you will be called by the bank, and you will incur economic losses such as legal fees and attorney fees. Moreover, individuals will have a bad credit record, which will have an impact on future bank cards and loans.

Legal basis: Article 196 of the Criminal Law of the People's Republic of China and the People's Republic of China implements credit cards. If one of the following circumstances occurs and the amount is relatively large, he shall be sentenced to not more than five years or criminal detention and shall also be sentenced to: A fine of not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, the penalty shall be not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances If the case is illegal, the person shall be sentenced to not less than 10 years in prison or fined not less than 50,000 yuan but not more than 500,000 yuan or property confiscated: ;

(2) Using an invalid credit card;

(3) Pretending to use another person’s credit card;

(4) Malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or time limit for the purpose of illegal possession and still not returning the card after being called by the card-issuing bank.

This is the end of the introduction about what to do if you really have no money on your credit card and what to do if you have no money to pay off your credit card. I wonder if you found the information you need?