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

1. Borrow money from relatives and friends to temporarily make up the loopholes

If it is just a temporary situation, it will soon be over. If you have enough funds, you can borrow some money from relatives and friends, and then pay it back to them when the funds are available.

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 and installment repayment

When the situation is serious and repayment is relatively difficult, you can contact the bank 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 the negotiation fails, you can use judicial authorities to reduce or reduce credit card debt.

When a major change occurs in the life of a credit card holder, you can apply to the bank Negotiate to waive credit card debt. If the bank does not agree, you can obtain ++ approval from ++ bank to waive credit card debt. You can apply to the judicial authorities in the following situations:

(1) Credit card holders who have major events in their lives Accidents, serious illness, disability or death

For example, if a major traffic accident occurs, resulting in permanent disability and inability to take care of oneself, the debt can be exempted ++. < /p>

(3) The credit card holder loses the ability to work and changes from a person with full capacity for civil conduct to a person without full capacity for civil conduct.

For example, if a cardholder suddenly suffers from a neurological disease and changes from a normal person to a mental patient, he does not need to repay the credit card debt, and ++ will also grant an exemption. [img]

What should I do if I owe money on a credit card and still cannot pay it back?

The solutions for those who have been owing money on a credit card for many years and cannot pay it back include:

1. Borrow from relatives and friends Money can temporarily cover loopholes. 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 my credit card cannot be paid? Teach you three ways to deal with it

Many credit card users will encounter this situation: they overspent this month, resulting in the inability to repay the credit card debt on time. So what should cardholders do?

If you only pay the minimum repayment amount, there will be an ultra-high daily interest rate of 0.5%. If you default until the next month, even if it is overdue, there will be a bad record on your personal credit record. Miss Han encountered this situation.

Ms. Han used a credit card to buy a large refrigerator that she had always wanted to buy last month. Since Ms. Han has a good income, she plans to pay back the unpaid credit card when her salary is paid this month

clear. It was originally a very common thing, but unexpectedly, Miss Han received ten wedding invitations in a row this month. After attending the market wedding banquet, Miss Han completely became a moonlight tribe. Since the credit card cannot be repaid on time this month, Ms. Han is very anxious and does not want to have a bad record on her personal credit record. However, she does not have the money to repay the loan. Ms. Han does not know what to do.

At this time, if the cardholder encounters a situation where the credit card repayment is not paid, do not panic. You can use the following three methods to deal with the problem to avoid unnecessary fees.

1. Borrow money from friends and repay the loan

You can borrow money from friends or relatives to repay the credit card first. This will not only prevent the repayment from being overdue, but also will not damage your personal credit record. Have a bad credit record.

2. Call the bank to apply for a deferment of repayment

If you do not want to borrow money from relatives and friends, you can also call the bank to apply for a deferment of repayment.

Usually banks will provide one to two days of deferment of repayment. Some banks provide it automatically, while others require you to call to apply. However, this method cannot be used frequently, and the bank will not agree to it every time, and it may also reduce your credit card limit.

3. Installment payment

Although installment payment requires payment of handling fees, installment payment reduces the financial pressure of cardholders to a great extent. Cardholders can call the bank to apply for installment according to their needs. The fewer the period, the lower the handling fee.

Please choose the first method first. If it doesn’t work, then use the second method. If it still can’t be solved, then use the third method. In short, these methods are more cost-effective than just paying the minimum repayment amount.

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 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. Currently, credit cards can be repaid in installments. If there is a ++++ problem, you can negotiate the 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. as a result of.

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 through ++. 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. ++The evidence is not repaid and the amount is huge

In this case, the bank may charge you with ++crimes. ++According to Article ++ of the Criminal Law 196 credit card ++ crimes were sentenced.

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. However, If it is overdue for more than 3 months, the bank is likely to carry out ++. At that time, it will be listed as a defaulter and will be enforced. It will be very troublesome to limit high consumption.

This is the end of the introduction about what to do if you have difficulty repaying your credit card and why you cannot pay off your credit card. I wonder if you have found the information you need?