What to do if you owe money on a credit card and still cannot pay it back

The solutions to the problem of owing money on a credit card that has not been paid for many years include:

1. Borrow money from relatives and friends to temporarily fill the gap. If you only encounter a temporary situation, you will have enough funds soon; then you can borrow some money from relatives and friends, and then return it to them when the funds are in place.

2. Apply for deferred repayment. When emergencies occur, such as illness, hospitalization, unemployment, etc., you can contact the bank’s customer service. Just tell customer service your true situation and then apply for a deferral of repayment.

3. Apply for interest-free installment repayment. When the situation is serious and repayment is relatively more difficult, you can contact the bank’s customer service. Provide relevant materials to apply for suspension of interest payments and repayment in installments.

4. Negotiate with the bank to reduce or reduce credit card debt. If negotiation fails, you can use judicial authorities to reduce or reduce credit card debt.

What should I do if I can’t pay off my credit card?

What should I do if I can’t pay off my credit card? Now the editor will introduce it to you.

1. State your financial situation, affirm that you do not owe money maliciously, and apply for delayed repayment and interest discounts. What to do if you can't pay off your credit card? State your financial situation, declare that you don't owe money maliciously, and apply for delayed repayment and interest discounts.

2. In view of the cardholder’s active performance and previous good credit record, the bank will often agree to defer the repayment, and work with the cardholder to agree on a mutually acceptable repayment plan, delay period, and interest discount. , monthly repayment amount, etc.

If you take the initiative to contact the bank and get the bank's consent to defer the repayment, you will not be recorded as a bad record, but it should be noted that you will be guaranteed to repay as agreed in the future.

3. If you forget to repay due to negligence, you must repay the loan as soon as possible after it is overdue, preferably in full. Then call the bank's credit card center and declare that the debt is not malicious. If the record has been good in the past, and the overdue time is short, and it is found that the repayment after the overdue period is good, it may not be recorded as a bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notifications and collection information to avoid overdue payments.

4. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. That is to say, bad credit records caused by overdue credit card repayments will be kept in the credit reporting system for two years. If terminated with a card, the corresponding records will no longer

scroll, but will be saved for a long time. Therefore, after overdue repayment of a credit card, it is best not to cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years and keep your credit in good condition during the period. In this way, you can rely on rolling records to remove bad records from your credit report. Remove it from the system.

2. What will happen if the credit card is overdue for one month?

The bank will charge late payment fees and interest. The late payment fee is calculated as 5% of the unpaid portion of the minimum repayment amount. The specific calculation formula is: late payment fee =(Minimum repayment amount - Amount repaid as of the due payment date) × 5%, with minimum and maximum limits. At the same time, the bank will also charge 0.05% interest on the credit card bill every day.

If the cardholder fails to repay the minimum repayment amount before the repayment due date (inclusive) on the bill notice of the current month, the account will be collected by the card center collector on the day after the next bill date. Carry out telephone collection; if the customer has not paid off the minimum repayment amount within the specified time, the system will automatically issue a collection letter or the collector will issue a collection letter based on the account's telephone collection status and actual arrears. If the following situations occur, the bank will come to collect the debt:

1. The collection through letters and phone calls is invalid and exceeds the last repayment date (overdue) for two cycles (60 days);

2. Unable to be contacted by phone or letter;

3. Higher risks may be found in letter collection or phone collection.

What to do if the credit card cannot be paid and how to solve it

If the credit card cannot be paid, the best solution is to negotiate with the bank for repayment. The content 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 repayment with the credit card center. This situation is the same as the first one. It will affect your personal credit report, but it will not cause particularly serious consequences.

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3. Credit card center, mediation or enforcement

Some people in life are deeply in debt. Because of this, I don’t have the ability to pay off the credit card. At this time the bank will file a lawsuit by delivering a 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. Failure to repay the debt and the amount is huge

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

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 are serious differences in 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.

That’s it for the introduction of what to do if your credit card is not repaid.