Most cardholders' credit cards are overdue, not out of malice, but because they often encounter unexpected situations in their lives, such as business failure and serious illness. In these cases, the cardholder is still willing to repay, but unable to repay, and can ask the bank for personalized installment repayment.

But generally speaking, if the user's credit card is overdue for more than 3 months, the bank will no longer negotiate with the user to repay in installments, and will ask the user to pay off the arrears and liquidated damages in one lump sum. Users are advised to negotiate with the bank through the media or the court.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

If you want to negotiate repayment with the bank, you can apply by phone or at a bank outlet. There are two ways to negotiate, one is to reduce interest rates through negotiation, and the other is to negotiate by stages. The first way is to pay less interest and pay off the arrears at one time; The second way is to stop paying interest and pay back the principal and expenses in 60 installments at most.

But it must be clear that it does not mean that the credit card can be negotiated successfully if it is overdue for a long time. No matter what kind of negotiation, the cardholder must make a repayment plan and put forward the reasons why he can't repay on time. The key is to produce overdue evidence due to force majeure factors, such as illness, unemployment, no income, natural disasters and so on. And the amount owed is relatively large, at least tens of thousands of dollars.

It should be noted that there are also standards for banks to negotiate repayment. The bank will make a comprehensive judgment based on the cardholder's credit information, income and the amount owed. And only qualified people will agree to negotiate. If the negotiation is successful, you should repay the loan on time according to the agreement. If the negotiation is unsuccessful, hurry to collect the money and repay the loan.