Many cardholders are too overdrawn to repay their credit cards, so they abandon themselves and think that it's better not to pay back if they owe so much. It's very dangerous to do so. You need to know that credit card is not enough to repay the huge overdraft and interest, but also bear legal responsibility, so it's better not to give up treatment. If it's not, you can try the following methods to see if it can be remedied.
How can I fix the credit card?
Method 1: ask for help from relatives and friends
That is to borrow money, but this method is still relatively difficult. It is not easy to borrow unless it is some iron brothers or relatives with good relations. When borrowing money, it's better to repay the plan as much as possible. If you can, you can make a note of debt and give some interest by the way, so it's easier to gain trust.
Method 2: deal with Bill installment
This is the simplest method, but it's better to choose the appropriate number of installments and installment amount according to your own situation. If you can't repay in a short period of time due to large consumption, the number of installments will be longer. However, it should be noted that the installments already handled can no longer be carried out in installments, only accounting for the minimum amount of repayment, and the minimum amount of repayment must be paid back.
Method 3: repayment according to the minimum repayment amount
If you can't repay in full in a short term, you can repay at the minimum amount. Generally, as long as you repay 10% of the current bill amount, you won't be overdue. However, the rest of the outstanding amount will no longer enjoy the interest free period, and the interest will be calculated in full from the date of consumption. The daily interest rate is 0.05% and compounded monthly. The longer the repayment time is, the more profits will roll.
Method 4: modify bill date
Modifying the bill date can extend the repayment period, which is equivalent to an additional interest free period of one month. However, this method is not applicable to all banks, and the requirements of each bank are different. For example, CMB can only modify without any arrears. It is recommended to consult the issuer first.
Method 5: negotiate with the bank
If the credit card is not available and none of the above four methods can help you, it's better to find a bank to negotiate the repayment. It's very troublesome to know that the credit card is not overdue. Apart from the impact on credit, criminal responsibility may be investigated. After all, it can be defined as malicious overdraft after the bank's two collections in March. Therefore, it is recommended to consult with the bank before overdue.