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Q: Credit Card Repayment
My wife have 7 credit card from 4 bank in China, Fuzhou.
Overdue payment total up is RMB57000.
2 card from China Merchant Bank, 2 card from PingAn Bank, 2 card from Citic Bank and 1 from Bank of China.
Please advise how to make the repayment and what should I do to settle this issue. Because the interest will be added to the overdue payment every month.
Thanks.
8 years 5 days ago in Money & Banking - Fuzhou
1) Take the cards off your wife to stop her using them
2) Go into each bank with her and pay off the cards in person. That way you know they are paid off.
ironman510:
And don't allow to use the excuse my wife used, yes the money will be deducted monthly and yes the interest rate was paid in advance but doesn't mean you can't just leave the money sitting there and waiting to be deducted. My wife said we should not pay off all the debt and I.was like hell yes we are paying it off, but then she secretly used the money that I deposited and.that was suppose to the run its course. God it pisses me off just remembering that day.
1) Take the cards off your wife to stop her using them
2) Go into each bank with her and pay off the cards in person. That way you know they are paid off.
ironman510:
And don't allow to use the excuse my wife used, yes the money will be deducted monthly and yes the interest rate was paid in advance but doesn't mean you can't just leave the money sitting there and waiting to be deducted. My wife said we should not pay off all the debt and I.was like hell yes we are paying it off, but then she secretly used the money that I deposited and.that was suppose to the run its course. God it pisses me off just remembering that day.
To avoid such situation in future, instruct them all to auto-debit your account on due date.!
Get your wife to enroll in a course of household budgeting 101.
If an adult in the family is running up so much debt, how are you going to be able to afford payment for any childhood medical problems in China?
even living in China is a health hazard:
air pollution
80% tap water undrinkable (according to Chinese government figures so the reality is probably nearer 100%)
fake/expired vaccines being peddled through hospitals
fake food/contaminated food
Seriously, who needs 7 credit cards unless they are constantly borrowing from one to pay for another?
to settle your debt, if one of your children is blonde/blue eyed you would probably be able to find a buyer in China.
consolidate the debt onto one card
destroy all the other cards.
review and control your weekly budget.
it sounds like someone in your household has either a gambling problem or is addicted to designer crap for the want of something else to do with their time, or is obsessed with 'face'.
My credit card bills are overdue, what should I do? Seriously? What's next, my clothes are dirty what should I do? I'm starving, what should I do? It's 2 in the morning and I'm seriously sleepy and I need to be at work at 9:00am what should I do?
90 days late on credit cards is jail time in china, make sure your name is not on the credit cards and look for a new wife.
I suggest you have your wife get a job to pay for it all, destroy the cards and not let her have any control over finances in the future.
As to how to make the payments... I don't know,only you know that. If you have the money pay it, if you don't then I guess you need to find it. I would ask her family to get it.
