Stop paying the bill, or you will default again if you don't pay the bill. You need to pay back in full, and the interest will not decrease! So we must find a way to pay it back anyway.
The bank asked me to stop my credit card and pay back the principal five years later, but I still can't pay it. What should I do?
The bank has given you a great discount, and the money you owe the bank will be paid back sooner or later. If you are unable to repay, you will bear the responsibility.
What if the order is stopped again?
Stop-and-report-loss is a process after consultation with the bank. If your application is successful, but it is overdue, it is a very embarrassing problem. Banks certainly don't like people who break their promises again, let alone those who break their promises again. At this time, stopping and reporting the loss will become bad debts and blacklisted users, which will affect their high consumption and various loans in the future.
What if the order is stopped again? 1. The direct bank compulsory collection procedure does not exclude legal proceedings.
In this case, I think only the relatively large arrears are like this. Because the amount is relatively large, if the bank can't collect it, the bank will definitely suffer heavy losses. Banks can use all available methods to collect funds, including court proceedings and enforcement.
For example, the borrower's assets are confiscated and auctioned, and the proceeds from the auction are used to offset the debts. If there are no assets, banks may even take extreme routes and let borrowers bear legal responsibilities. Of course, this is unlikely to happen in principle.
2. Directly record the arrears into bad debts or bad debts.
If the bank records the debts owed by the borrower as bad debts or bad debts. Then, the bank does not intend to recover the loan in principle, which may be easier for the borrower for the time being. But don't forget that once bad debts or bad debts are recorded in the personal credit report, the borrower can be directly identified as a credit black account. In the future, it will be impossible for banks, financial companies and other consumer loans, including housing loans and auto loans, to check personal credit.
3. renegotiate the repayment.
This possibility is very low. After all, banks are not charities. Its tolerance for borrowers is also limited. However, anything is possible. If the borrower does have sufficient reasons, such as natural disasters and man-made disasters, and other irresistible factors, which cause the borrower to lose credit again, then the bank will consider the appropriate situation and give the borrower another chance. This is not impossible.
In short, agreed repayment is the best repayment method provided by the bank to the borrower, and the borrower should abide by the agreement and repay on time. Don't let it happen again after the deadline. If it happens, the borrower should inform the bank in time to avoid more serious consequences.
Is it reliable for a third party to stop paying?
I can tell you for sure here that the collection department can give you relief according to the bank's relief policy, and the specific amount of relief varies from bank to bank. There are two reasons:
1. As the third party of the bank, there is an outsourcing agreement between the collection department and the bank. According to the provisions of the credit card collection contract, the bank may entrust a qualified third party to assist in handling overdue customers. In view of the reduction and exemption policy, banks have clear regulations and conditions for the implementation of the collection department, which is supervised and implemented by the credit card department of each branch.
2. Specific rescue policies often change, mainly in the scope and amount of rescue, as well as the process required for rescue operations, and the differences between banks are very large.
Therefore, as long as the collection department entrusted by the bank is reliable and recognized by the bank, and the amount of relief is within the range set by the bank in advance, the collection company only submits the application for relief, and the specific relief operation is still carried out by the bank. Here's a reminder: you must return the funds to your credit card and don't enter other designated accounts.
Does the suspension of interest payment have an impact on credit reporting?
First of all, it has been reflected in your credit report. It can't be without influence. Generally, it takes an overdue process to stop payment and then start negotiations. At this time, all your credit card usage records can be reflected in your credit report. Therefore, it is a means for you to continue to deal with debts after the deadline, and credit reporting will inevitably be reflected.
What should I do if I can't repay my credit card on time after I stop paying it?
If the payment cannot be repaid after the credit card application is stopped, the customer can contact the issuing bank again to see if it can apply for an extension of the repayment period and repay the arrears in installments.
It would be best if you could apply for an extension. If negotiation fails, the customer will have to find another way. And if you don't have money, you can actually try to borrow money from your relatives and friends to raise money to pay off the credit card debt.
Be careful not to evade repayment directly, otherwise the bank may take the customer to court, and then the court may enforce it, and even put the customer on the list of untrustworthy people.
The Credit Information Center of China People's Bank is a public institution directly under the People's Bank of China. Its main task is to be responsible for the construction, operation and management of the enterprise and individual credit information system (also known as the enterprise and individual credit information basic database) according to the national laws and regulations and the rules of the People's Bank of China.
major duty
1, responsible for drafting the overall development plan of enterprise and individual credit information system construction and organizing its implementation.
2, responsible for the development of enterprise and personal credit system operation and maintenance management system.
3, responsible for the development of enterprise and personal credit information system business technical standards.
4, responsible for the construction, operation and maintenance of enterprise and personal credit information system.
5. Responsible for organizing technical coordination with commercial banks and related parties, and collecting credit information of enterprises and individuals.
6, responsible for summarizing and analyzing the data information in the enterprise and personal credit information system, timely put forward the analysis report.
7. Responsible for providing corporate and personal credit information consulting services to commercial banks and related parties.
8, responsible for the organization of enterprises and individuals in the credit system in the operation of the dispute settlement.
9. Responsible for organizing the training of credit information of commercial banks and related parties.
10, responsible for the construction, operation and management of accounts receivable pledge registration publicity system.
1 1, responsible for the construction, operation and management of the financial lease registration and publicity system.
12. Other matters assigned by the leaders of the undertaking bank.
Construction background
With the deepening of economic marketization, it has become a social consensus to speed up the construction of credit information system for enterprises and individuals. The report of the 16th National Congress of the Communist Party of China clearly stated that it is necessary to "improve the social credit system of modern market economy",
The Third Plenary Session of the 16th CPC Central Committee clearly put forward that "the construction of enterprise and individual credit service system should be accelerated in the direction of improving laws and regulations, franchising, commercial operation and professional service."
The national financial work conference held in 2007 further proposed to comprehensively promote the construction of social credit system with the focus on the construction of credit information system. In order to further play the role of the People's Bank of China in the construction of social credit system, in 2008, the State Council adjusted the function of the People's Bank of China to "manage the credit reporting industry and promote the construction of social credit system".
According to the instructions of the CPC Central Committee and the State Council, the People's Bank of China has accelerated the construction of credit information system for enterprises and individuals. After several years' efforts, the national unified enterprise and individual credit information basic database led by the People's Bank of China has been initially established and has begun to play an active role in the economy and society.