I. Repaying the minimum repayment amount

Every bank will set a minimum repayment amount for credit card holders. As long as the cardholder can repay this minimum amount, the bank will neither charge late fees nor affect personal credit. Generally speaking, this minimum repayment amount is 10% of the bill amount.

However, it should be noted that if the minimum repayment amount is selected, although there is no late fee for repayment, it will charge interest of five ten thousandths every day, which is quite a lot, so the borrower had better pay all his bills as soon as possible.

Second, take the initiative to negotiate with the bank.

If the cardholder can't even pay the minimum repayment amount 10%, then don't choose to run, that is, change the address and mobile phone, so that the bank can't be contacted. This is the worst way to handle it. You know, from the day you apply for a credit card, your personal data and credit situation will be recorded in the central bank's credit information system. No matter where you go in the future, unless you don't deal with the bank, pay the water and electricity media fee, buy a mobile phone card or handle a fixed telephone, the bank will find you and your credit history will be discredited. It will be difficult to get bank loans and credit card approval in the future, and it may even affect your future employment.

Once the minimum repayment amount is not paid back, the best way is for the cardholder to contact the issuing bank immediately, explain his situation, and say that he does not owe money maliciously, but because he can't pay it off immediately due to temporary economic changes, and apply for deferred repayment. Generally speaking, as long as the cardholder actively contacts the bank, the bank will usually design a mutually acceptable repayment method for the cardholder, such as delaying the payment. Discount the repayment of interest or repay the cardholder an acceptable amount every month. After all, once the cardholder fails to repay, the money is a bad debt for the bank, so the bank will be happy to save every cardholder who wants to repay but is temporarily unable to repay.