The first thing you should do after your credit card is overdue is to repay it in full immediately, and at the same time call the credit card customer service hotline to explain the reasons for the overdue payment, such as text messages, network, and telecom operator problems that lead to not receiving the bill, and signing up for automatic repayment. No deductions etc. Another thing is to ask whether the overdue records have been uploaded to the credit reporting center, because the credit reporting time of each bank is different. If not, you can ask the bank not to upload it at this time, and ensure that it will never be overdue again in the future.

What to do if your credit card is overdue?

First of all, everyone needs to understand that if the overdue amount is relatively large and the bank uses various collection methods, you will not be able to pay the debt. If you repay the loan, the bank may eventually file a lawsuit in court. If this is the case, the final result will definitely be serious, and you will most likely face jail time.

Secondly, if you really don’t have the money to pay back to the bank, don’t be anxious and don’t cash out maliciously. If you find that you are overdue, it is very normal to receive a collection call from the bank. Generally, banks entrust the collection work to third-party agencies, and you are rarely involved in it. After all, the bank is a very formal institution and now has strict supervision, so the collection will not be excessive.

If you receive a collection call from the bank, you can give yourself some leeway at this time and learn to negotiate with the bank. As long as you actively cooperate with the bank's investigation, the bank will definitely not sue you. In addition, you also need to promise the bank that you will do your best to pay off the debt every month. If your overdue amount is too large, you can borrow some money from relatives and friends and pay back the first part to avoid increasing interest and default amounts. If no one is willing to lend you money, then you can try to negotiate with the bank to find a repayment plan that is beneficial to both parties. If the bank is willing to suspend interest payments, then interest charges will not continue to be incurred.

However, banks are generally not willing to suspend interest rates and hang accounts, because this will reduce their own interests. In addition, even if you can apply for a suspension of interest rates, you must pay off all the money after 5 years. Of course, if the bank is unwilling to negotiate with you, then you have only one option, which is to wait to be sued by the bank. Generally, the final result in court is mediation and suspension of accounts.