With the advent of the Internet era, people's consumption concepts are gradually changing. Overdraft consumption and advanced consumption are becoming increasingly popular. Many people tend to do this when faced with various temptations. If you can't control your desire to consume, you will buy something you like when you see it, spend it, and use tomorrow's money to do today's things. But when the credit card bill came out, I was suddenly dumbfounded. It turned out that I had overdrawn all the credit cards without knowing it. However, the debt I owed must be paid back. What should I do if I can't pay back my credit card when it expires? Come and bookmark these solutions!
Face it bravely: First of all, you must not escape or refuse to communicate with the bank by changing your mobile phone number, because an overdue credit card will not only affect your credit record, but it will also affect your credit record even after two collections by the bank. If you refuse to repay, you may be sued by the bank for fraud. If you really have no money, you can try to ask your relatives and friends for help. First make up the money on your credit card, and then slowly pay back the money to your friends in the future.
Minimum repayment/bill installment: Now basically every bank has a minimum repayment and bill installment business. Under normal circumstances, the minimum repayment amount is 10% of the total bill amount. You can choose only installments 3, 6, 9, 12, 18, and 24 for installment. The advantage of doing this is that it can relieve your financial pressure and will not affect your credit. However, no matter you finally choose minimum repayment or bill installment, you will need to pay a certain fee.
Suspended interest payment: If the debtor does not overdraft the credit card maliciously, but only fails to pay the credit card due to unemployment or illness, etc., he can sign a contract with the bank in accordance with the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks" Personalized repayment agreement, apply for delayed repayment and interest discounts. As long as everyone shows sufficient willingness and sincerity to repay, the card-issuing bank will negotiate with the cardholder and agree on a repayment plan acceptable to both parties.
Finally, the editor reminds everyone again that if your credit card is really not repaid, you must take the initiative to call the bank to explain the specific situation. Never use debt to finance debts or evade collection, be overdue multiple times in a row, or If we fail to repay the debt for a long time, we will be blacklisted by the bank. In the future, we will no longer be able to apply for bank financial loan products with good credit.