Minsheng credit card debt exceeding the limit may be caused by a variety of factors. The following are some possible reasons:

The accumulation of interest and fees: If the cardholder fails to repay on time If you clear the current bill or make a late payment, the credit card company will accumulate interest and fees on the outstanding balance. These fees are added to the original amount owed, gradually increasing the amount owed. During the epidemic, due to business failure and financial constraints, you may not be able to repay your credit card balances on time, resulting in the accumulation of interest and fees.

Overdraft limit: Some credit card holders may choose to spend more than the credit card limit, which is called an overdraft. The amount of the overdraft will be included in the balance owed, and the excess amount will also accrue interest and fees. If the cardholder fails to repay in time, the overdraft amount will gradually increase, resulting in a higher balance than the limit.

Accumulation of fees during the suspension period: Although you have applied for an interest suspension period, interest may still accumulate in some way during the suspension period. In addition, during the interest-free loan period, although interest is not required to be paid, the bank still provides the borrower with a loan, which is equivalent to the borrower obtaining an interest-free loan period. During this period, the loan balance not only does not decrease, but also increases due to the borrower's consumption and other factors.

Changes in available limit: Credit card companies sometimes adjust cardholders' credit limits. If the credit limit is reduced but the amount owed by the cardholder is not adjusted accordingly, the amount owed will be higher than the limit.

Financial difficulties: Because you lost money in your previous business during the epidemic, you encountered financial difficulties or financial constraints, and were unable to repay your credit card debt in time. This is also a reason for the increase in debt.

As for the debt of more than 76,000 you mentioned, it may be due to the superposition of multiple of the above factors. To resolve this issue, you may consider the following suggestions:

Contact the bank proactively: explain your difficult situation and offer to negotiate a solution. The bank may grant you a certain grace period or negotiate an installment plan to reduce your financial pressure.

Entrust a third-party agency to negotiate: If you feel that you are unable to negotiate effectively with the bank, you may consider entrusting a professional third-party agency to negotiate. These agencies often have extensive experience and resources and can more effectively help you reach a negotiated solution.

Seek legal assistance: If you are facing a serious legal dispute or need professional legal assistance, you may consider seeking help from a legal agency.

Finally, please be honest and transparent during the repayment process, and truthfully provide your financial status and repayment ability. This builds trust and lays the foundation for a negotiated solution. At the same time, you should also pay attention to maintaining a good credit record to avoid falling into financial difficulties again.