What should I do if my credit card is overdue and the bank cannot afford to pay it back?

You must actively repay the money.

1. When you receive a call from someone who claims to be from the legal department of a certain bank, you first ask for his job number, then tell him that you are now recording the entire conversation, and then continue the conversation.

2. You have to tell him that you did not fabricate facts or conceal the truth in your credit card application. Get on track with bank approval, no fraud!

3. You have good repayment intentions and are willing to communicate and coordinate with the bank to formulate a repayment plan that is acceptable to everyone. This repayment plan should be formulated based on the actual situation, not what he says or how he does it. Even if you lose in court, the enforcement department will consider the situation comprehensively.

4. According to the provisions of Article 196 of the Criminal Law, the determination of malicious overdraft should have three elements, one of which is essential: first, for the purpose of illegal possession; if it is returned, but A bad economic situation does not constitute a malicious overdraft.

5. If they have "surrounding pressure" during the collection process, that is, they will look for your relatives, friends, work unit, etc. You must clearly tell them that you are an independent civil actor and that your debt is personal, not your parents or unit. Even if criminal liability is pursued, no one will bear joint and several liability.

Therefore, if a cardholder overdrafts beyond the prescribed period and fails to repay it for more than three months, it constitutes a credit card crime, and the bank has the right to file a lawsuit against the cardholder in conjunction with the local judicial authority.

Can I not repay the credit card? What should I do if I can’t pay off the credit card debt?

Overdue credit cards usually have the following consequences:

1. Overdue interest and breach of contract. Deposit and other fees: Overdue credit card interest will be calculated from the day the card is swiped, usually a daily interest of 0.5%, compound interest calculated on a monthly basis; liquidated damages are generally 5% of the unpaid minimum repayment amount.

2. Bad credit records: After overdue, bad records will appear on personal credit reports, which will affect future loan applications.

3. You may face criminal liability: If you are overdue for a long time and the overdue amount is large, you may receive a payment reminder from the bank; if you still do not repay the debt after the bank reminds you, you may face criminal liability. Criminal liability.

In general, the impact of overdue credit cards is still relatively large. It is recommended that you make sure to repay on time.

If your credit card is about to expire or has already expired, it is recommended that you call the bank's customer service phone number in time, proactively explain the situation, find out whether you can apply for a deferment of repayment or a reduction of penalty interest, and repay it as soon as possible.

If your credit card limit is not enough, you can consider using big-brand credit products such as Alipay, Tencent Weilidai, and Duxiaoman Financial Youqianhua. Youqianhua is a credit brand under Du Xiaoman Financial, which provides users with safe, convenient, unsecured, and unsecured credit services. To borrow money, go to the Du Xiaoman Financial APP.

Duxiaoman Financial will effectively implement the country’s call to support small and micro enterprises to overcome difficulties. Its credit service brand has money to fully support the production and operation of small and micro businesses. Duxiaoman Financial is the owner of most small and micro businesses. first choice. It is reported that 70% of Duxiaoman Financial’s credit users are small and micro business owners. Up to now, Duxiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners.

This answer is provided by Kangbo Finance. Kangbo Finance focuses on interpretation of hot financial events and popularization of financial knowledge. It adheres to professionalism and pursues fun, and produces financial content that people can understand, using vivid and diverse methods. Deliver financial value. Hope this answer is helpful to you.

What should I do if I owe a credit card?

Overdue credit cards usually have the following consequences:

1. Incurring overdue interest, liquidated damages and other fees: Overdue credit cards will calculate interest from the day the card is swiped, usually 50,000 per day Interest is compounded on a monthly basis; liquidated damages are generally 5% of the unpaid portion of the minimum repayment amount.

2. Bad credit records: After overdue, bad records will appear on personal credit reports, which will affect future loan applications.

3. You may face criminal liability: If you are overdue for a long time and the overdue amount is large, you may receive a payment reminder from the bank; if you still do not repay the debt after the bank reminds you, you may face criminal liability. Criminal liability.

In general, the impact of overdue credit cards is still relatively large. It is recommended that you make sure to repay on time.

If your credit card is about to expire or has already expired, it is recommended that you call the bank's customer service phone number in time, proactively explain the situation, find out whether you can apply for a deferment of repayment or a reduction of penalty interest, and repay it as soon as possible.

If your credit card limit is not enough, you can consider using big-brand credit products such as Alipay, Tencent Weilidai, and Duxiaoman Financial Youqianhua. Youqianhua is a credit brand under Du Xiaoman Financial, which provides users with safe, convenient, unsecured, and unsecured credit services. To borrow money, go to the Du Xiaoman Financial APP.

Duxiaoman Financial will effectively implement the country’s call to support small and micro enterprises to overcome difficulties. Its credit service brand has money to fully support the production and operation of small and micro businesses. Duxiaoman Financial is the owner of most small and micro businesses. first choice. It is reported that 70% of Duxiaoman Financial’s credit users are small and micro business owners. Up to now, Duxiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners.

This answer is provided by Kangbo Finance. Kangbo Finance focuses on interpretation of hot financial events and popularization of financial knowledge. It adheres to professionalism and pursues fun, and produces financial content that people can understand, using vivid and diverse methods. Deliver financial value. Hope this answer is helpful to you.

What is the best way to deal with credit card debt?

If the credit card cannot be repaid, the best solution is to negotiate with the bank for repayment. The contents of negotiated repayment can include deferred repayment, interest exemption, etc. After receiving the negotiation application, the bank will review it based on the user's specific situation. After the review is passed, the user can successfully negotiate. If the review fails, the user must pay off the overdue balance as soon as possible.

Only if the payment is overdue, the user can negotiate with the bank. Therefore, it is best for the user to repay the loan on time before it is overdue.

1. Various situations of overdue credit cards:

1. The credit card is overdue but has been repaid later

Many people will encounter this situation. In this case, it basically only affects the personal credit system. Your overdue status will be recorded in the credit reporting system.

If the overdue time is not long, it will basically not affect the use of the card.

2. If your credit card is overdue, negotiate repayment with the credit card center

When your credit card is overdue, you will usually receive a call from a collection officer to remind you to repay the credit card. At present, credit cards can be repaid in installments. If there is a problem, you can negotiate with the credit card center for repayment. This situation is the same as the first one. It will affect your personal credit score, but it will not cause particularly serious consequences.

3. Credit card center, mediation or enforcement

Some people in life are unable to repay their credit cards because they are deeply in debt. At this time, the bank will file a lawsuit and pass the summons to the overdue user. During the course of the lawsuit, the bank may also apply for property preservation, freeze the borrower's bank account, and seize vehicles and other real estate.

4. If you fail to repay the debt and the amount is huge

In this case, the bank may charge you with credit card fraud and be sentenced according to Article 196 of the Criminal Law.

2. The worst consequences of not paying back your credit card are:

1. Going to the credit bureau: There is no doubt about this. If the user’s credit card repayment is overdue, the credit bureau will naturally be listed, resulting in Personal credit defaults will leave a stain on the credit report.

2. Penalty interest: Like a loan, if you use a credit card overdue, you will be charged penalty interest. Generally speaking, it is charged at the rate of 10,000 yuan per day, and the compound interest calculation method is used. Over time, it will be a very large amount. Big expenditure.

3. Collection: In addition to the collection department of the bank, it is also likely to be outsourced to a third-party collection company. Various collection methods and frequent collection frequencies are a problem for the debtor himself and his relatives and friends. A huge "test".

4.: There is a difference in the severity of overdue situations. If it is just a general overdue payment and is repaid after collection, then it is not a big problem. It only takes a period of time to collect the credit, but if it is overdue for more than 3 months, then the bank is likely to proceed. At that time, he will be listed as a dishonest person and become a defaulter, and it will be very troublesome to limit high consumption.

What should I do if my credit card is overdue for one month?

Credit card is a settlement method that many young people like to use now. It is easy to use and pay later. It can alleviate some people’s spending pressure to a certain extent. However, its convenience and advantages of consumption first and repayment later will also cause many people to blindly and excessively consume, which will have many negative consequences in the future, such as high interest rates and damage to personal credit records if overdue. , even by banks and so on.

Of course, not to mention the causes of high-value consumption, there are also many reasons for credit card overdue. For example, some are caused by negligence and forgetting and miss the repayment time, and some are caused by the banking system. If a problem occurs or is stolen, similar to the above-mentioned types of overdue loans that are not subjective and malicious, they are all easier to solve, either by paying back immediately or explaining the situation to the bank, etc. So, what should you do if your credit card is overdue?

The impact of overdue credit cards

What we need to know is that overdue credit cards will bring a series of adverse consequences, not only resulting in liquidated damages and high interest rates, but also damaging credit The record is seriously damaged, which will cause certain difficulties in handling financial services such as buying a house and taking out a loan, and may even affect employment. In addition, if the overdue period exceeds a certain period and the amount exceeds the specified amount, the bank may be charged and bear relevant legal liabilities.

Several ways to deal with overdue credit card payments

1. If the amount is not large and can be repaid within a few days, you can use the bank's delayed repayment.

This is for situations where funds can be raised in the short term. For example, your salary is about to be paid or you need to find someone to borrow money immediately. You can use this deferred repayment service. Delay is usually Within three days, you need to call the bank in advance to confirm the relevant regulations and details before handling it.

2. Change the billing date

For example, before the repayment bill comes out, if you find that the credit card balance is temporarily insufficient, you can apply to the bank. Modify the bill date so that the repayment date can be appropriately extended. Some banks can even extend the interest-free repayment for one month, so this method is also very practical. However, please note that banks have restrictions on the number of times you can modify the statement date, so use this method with caution.

3. If the amount is large and the short-term repayment pressure is high, we can negotiate with the bank for installment repayment.

Here you need to sincerely explain your financial situation, mainly to show that you do not owe money maliciously, and then apply for installment or delayed repayment. Of course, each bank has different relevant policies for this kind of business. Generally speaking, the probability of success in negotiation with state-owned banks is not as high as that of commercial banks. Although negotiation with state-owned banks is somewhat difficult, we can also try to win. If you are a user of commercial banks such as China Everbright, Minsheng, China Merchants, and Shanghai Pudong Development Bank, the success rate of negotiation is still very high. Try to negotiate within the range of your repayment ability. Of course, the more repayment periods the better.

Based on the above, it is recommended that friends who use credit cards should not blindly over-consume and shop sensibly in order to ensure a good credit record and avoid being targeted, debt collection and blacklisting.

That’s it for the introduction of what to do if your credit card is overdue.