1. What is a serious overdue credit card?
Under normal circumstances, a credit card is considered seriously overdue if it is overdue three times in a row and six times in total. If there are overdue credit records in the personal credit record in the past 2 years, and it has occurred 3 times in a row or 6 times in total. The so-called overdue loan for three consecutive months means that the loan repayment period of a fund is one month, and the borrower has not repaid the loan for three consecutive months. The cumulative six non-repayments means that after a certain loan is overdue, the borrower repays the loan, then becomes overdue again, and then repays the loan again, so that the total number reaches six times.
Overdue means that after using a credit card, the credit card is not repaid to the bank within the specified date, which is called overdue. Credit card is a tool provided by banks to qualified cardholders for overdraft consumption in advance. Each credit card has a fixed billing date and repayment date. We need to repay on time on the specified repayment date. Once the repayment date is exceeded, If you haven't repaid the debt yet, it may become overdue.
Credit stain is the biggest impact. If a loan occurs, the loan record will be uploaded to the central bank's personal credit system. If it is overdue, a bad record will be generated in the credit system. Once there is a stain on your credit, it will be difficult to borrow money or apply for a credit card.
2. What should I do if I can’t afford to pay off my credit card?
1. Before the final repayment period arrives, cardholders should take the initiative to contact the bank's credit card center by phone, state their financial situation, declare that they do not 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. In this way, if you proactively 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 are usually negligent and forget to repay the loan, if you find it is overdue, repay the loan in full as soon as possible. Then call the bank's credit card center and state 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 is good after the overdue period, it may not be recorded as a bad record.
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. After a credit card payment is overdue, do not cancel the credit card immediately after paying off the debt. You should insist on using the card for more than two years and keep your credit in good condition during this period.
A cumulative overdue credit card of 6 times within two years is a serious overdue situation. If you cannot afford to repay the credit card, you must express your willingness to repay the credit card in a timely manner and negotiate with the bank. To apply for a credit card from a commercial bank, the applicant must be over 18 years old, have a stable job and sustainable income, and have the ability to repay. It is best to provide income certificates issued by the company. The bank will review the cardholder after accepting the application. Your personal credit will be issued after confirmation.