1. How to handle credit card loans?
1. Repay according to the minimum repayment amount.
1. How to handle credit card loans?
1. Repay according to the minimum repayment amount.
1. How to handle credit card loans?
1. Repay according to the minimum repayment amount.
If you can't repay in full in a short time, you can choose the minimum repayment amount. Generally speaking, as long as 10% of the bill amount of this period is paid in full, it will not be overdue, but the remaining unpaid amount will no longer enjoy the interest-free period, and interest will be paid in full from the date of consumption, with a daily interest rate of 0.5 ‰ and monthly compound interest. Therefore, the longer the overdue repayment time, the more interest.
2. modify the bill.
Modifying the billing date can extend the repayment period, which is equivalent to an extra interest-free period of one month. But this method does not apply to all banks, and the requirements of each credit card application platform are different. For example, China Merchants Bank can only make changes if it does not owe money. You'd better consult the issuing bank before doing this.
3. Negotiate with the bank.
When you don't pay back the credit card arrears, you can find a credit card application platform to negotiate repayment. After all, credit card non-repayment will not only affect personal credit, but also may be investigated for criminal responsibility. Because it can be characterized as malicious overdraft after being collected twice by the bank in March, the cardholder will negotiate with the bank before the deadline.
Second, what if the credit card is not sued?
If you are sued for not returning your credit card, you should take the initiative to contact the bank to see if the case can be mediated privately. If the bank agrees, it should draw lots as soon as possible to pay off the arrears; If the cardholder is really in financial difficulties, he can communicate with the bank to postpone repayment; Usually, banks just want to recover the arrears as soon as possible, and they don't really want to take the cardholders to court. Therefore, it is generally possible for cardholders to ensure that they can repay as agreed before taking action. If the cardholder does not take any action, it may be considered as a malicious overdraft. Malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.
After the credit card is overdue, the bank will send a text message and call for collection. Cardholders had better not resist. If a bank calls, answer the phone as soon as possible. Don't think that you can't answer the phone after the deadline, or change the number so that the bank can't contact you. In this way, the bank will only think that the cardholder is maliciously evading the debt and will call the cardholder's contact. After the credit card is overdue, there will be penalty interest and liquidated damages. The cardholder should add the principal owed and the interest generated to calculate the actual amount owed, and then see how to repay it according to his income and liabilities. If the overdue period is less than 3 months, the cardholder can repay as soon as possible if he can easily repay, instead of borrowing money from family, friends and relatives.
If you can't repay the credit card arrears, you should take the initiative to contact the issuing bank to explain your financial situation, and you can apply for deferred repayment with the approval of the issuing bank. Credit card overdue will have corresponding consequences, not only overdue interest and late fees, but also various collections from banks. There are two main ways to collect, one is to call and the other is to send text messages.