1. What to do if the money cannot be paid after the credit card installment?

1. Apply for credit card installment extension.

The so-called credit card installment extension means that if the cardholder is unable to repay the installment, he can call the card bank to apply for an extension of the number of installments.

2. Seek help from relatives and friends.

If you cannot repay the credit card installment in full and on time, it is best to confess to your family and seek help to see if you can borrow money, then apply for early termination of the installment, pay off the installment in one go, and then start again Pay back your money to friends and family.

3. Realize assets to repay debts.

If you still have certain assets on hand, you will liquidate what you can to repay the debt first. If possible, you should also apply for early termination of the installment. After all, if you cannot pay the credit card installment, you will also be subject to a credit report. And various fees will be charged for overdue payments, so everyone needs to solve the overdue problem first.

4. Negotiate repayment.

If you lose the ability to work and have no source of income or income, you can report your situation to the bank and then negotiate for repayment to see if you can suspend the interest rate and pay off the debt in 5 years. However, during this period, everyone needs to make repayments in accordance with the agreement.

2. What are the benefits of credit card bill installment?

1. Relieve repayment pressure

The biggest benefit of handling credit card installment business is to reduce the burden. When the monthly bill is too high, the cardholder will be under greater pressure to repay in full. Bill installment can spread the bill over multiple months and spread the repayment, so the cardholder will have less pressure to repay.

2. Helps to increase credit card limit

Banks rely on handling fees, interest, annual fees, etc. There are installment handling fees for handling credit card bills in installments, allowing the bank to make money , banks will of course hope that cardholders often handle installment business. The underlying rule is that when cardholders apply for bill installments and apply to the bank for a credit card limit increase, the bank will be more willing to approve it, and the success rate of the limit increase will increase.

3. There are discounts for credit card bill installments

Banks will hold some credit card preferential activities from time to time, including preferential activities for credit card bill installments. At this time, apply for credit card bill installments. A certain amount of interest or handling fees can be waived, which is quite a deal.

4. Credit card value-added discounts

Bank credit cards generally have special discount merchants. You can get discounts or gifts when you spend in the mall, and points are accumulated for consumption, which can be exchanged for gifts or airline miles in the future. Redeem or exchange for cash, etc.

Credit card repayments can be repaid in installments, or you can choose to repay with the minimum repayment amount, but you need to pay a certain percentage of handling fees. These two methods can temporarily alleviate the repayment pressure of cardholders. If Cardholders cannot solve the repayment problem through these two methods. They can borrow money from relatives and friends to pay off the debt first to avoid overdue credit card repayments.