With the popularity of credit cards, many friends have begun to use credit cards. Although 80% of people know that there will be serious consequences if the credit card is overdue, there are still 20% of cardholders. Overdue records. So, what should you do if you forget to pay off your credit card? Let’s listen to the explanation below.

When a credit card payment is overdue, if the cardholder does not repay it as soon as possible, a mark will be recorded on your credit record. A bad credit record will prevent you from applying for a loan in the future. If the cardholder still fails to repay within the prescribed time limit, the card issuer can appeal to the court and hold the cardholder criminally responsible. In serious cases, it may constitute credit card fraud.

What should I do if I forget to repay the credit card?

After the credit card is overdue, some cardholders plan to never use the credit card again, shelving it and wishing they could lock it in the cabinet. Out of sight, out of mind, neither paying back the money nor canceling the card. This approach is definitely wrong

1. Make up the amount owed

Once the cardholder forgets to repay the card, the first step is to make up the amount owed. Even if you are exhausted, you will only have to pay some interest. If you continue to default on your arrears, the sum of principal, interest, and late payment fees in a few months will definitely be very shocking. The method of interest compounding is not just talk. In addition, if the credit card is overdue due to some uncontrollable factors, the cardholder should promptly explain the reason to the card issuer and make repayment. In short, it is absolutely not advisable to fail to repay the credit card after it is due. Cardholders are best to repay on time to protect their credit record from being smeared.

2. Actively communicate with the bank

If your credit card is overdue, do not choose to cancel the card directly. Because even after the card is canceled, the cardholder's bad credit record will not be deleted. The editor recommends that cardholders explain the reason for the overdue payment to the card issuer after repaying the debt, and request that it not be displayed on their credit records. If the overdue period is short, no more than three days, and you have a positive repayment attitude, it will not affect your personal record and the bank will consider it. In the future use of credit cards, cardholders should also pay attention to repaying the loan on time and use new repayment records to prove that they pay attention to credit. Normally, after 24 months of normal repayment, the new repayment record will overwrite the previous overdue record.

3. Bind your credit card to a savings card

In view of the situation that some cardholders just can’t remember to repay, the editor recommends choosing a repayment method that suits them. payment. In addition to depositing money at nearby bank counters or ATMs for repayment, cardholders can also bind their credit cards to their debit cards and choose automatic repayment. Before the repayment date comes, the bank will automatically deduct the credit card repayment limit from the debit card. In this method, pay attention to whether the limit in the debit card meets the repayment limit. In addition, cardholders can choose third-party payment platforms such as Alipay, Tenpay, and Kuaiqian for repayment. This method is obviously more suitable for busy office workers.

The editor reminds everyone that you must remember your last repayment date and make sure you repay on time. Once it is overdue, you will be in trouble!