Three conditions that need to be met to negotiate a suspension of interest payments

These three conditions must be met:

1. It is true that the financial capacity is limited and the repayment cannot be made, but It's not just words. No matter how pitiful you are, the bank will look for evidence, so you need to provide work income, property under your name, current debt ratio and other information to prove your current financial ability. After the bank obtains the evidence, it will verify it and then consider it as appropriate.

2. You must not avoid collection if your credit card is not paid. If the bank cannot be contacted by losing contact, changing numbers, etc., and you are sued by the bank before negotiating to suspend the interest rate and suspend the account, this situation may not work. The bank Nine times out of ten, you won't accept it. Don't ask why, this is the most basic trust.

3. Suspension of interest on accounts is based on the premise of willingness to repay. Although it may not be possible to pay off all the debts, repayments will continue after the due date. This approach will also be recognized by the bank. For example, if there is a person who never pays back a penny, and a person who has limited ability but works hard to repay the loan, the bank will naturally give the second type of person a chance. Do you understand the three major conditions for suspending debt suspension?

Three major conditions for credit card interest suspension and suspension of accounts

1. Make sure that the credit card debt exceeds the cardholder’s repayment ability: For example, if you owe 200,000 yuan, but your monthly income is only 5,000 yuan, This is obviously a sign that the debt exceeds the ability to repay.

2. The cardholder must be willing to repay: This means communicating with the bank immediately and negotiating before the payment is overdue, instead of changing contact information immediately to avoid bank collection.

3. Give appropriate reasons: failure to repay the loan on time due to external factors, unemployment or illness, etc.

Cardholders who meet these two conditions can directly call the customer service of the card-issuing bank, explain to the customer service that they did not overdue maliciously, and tell them the reason why the credit card has not been paid, and then it must be approved by the bank. As long as the bank recognizes your reasons, handling the suspension of interest rates will be half the battle.

After the bank agrees to suspend interest rates and debit accounts, you must sign a personalized repayment agreement with the bank in accordance with the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks".

In the personalized repayment agreement, the repayment cycle, specific repayment date, repayment amount of each period, as well as annual fees, interest and other charges should be agreed upon. It is recommended that the bills be repaid in five to sixty installments, which can reduce a lot of financial pressure.

The above is the relevant introduction to the "conditions for credit card interest suspension and debit suspension". I hope it will be helpful to everyone. If your credit card is not in full and you cannot raise the money to repay it, then suspending the interest rate is undoubtedly the best solution. Of course, the premise is to obtain the consent of the bank.

Why does the bank not agree to the debtor’s suspension of interest rates?

The original intention of banks to issue credit cards is to make profits, not for public welfare. The profitable part of credit cards includes interest, annual fees, handling fees for cash withdrawals, installment interest and handling fees, fines and penalties Interest and so on.

2. When cardholders apply for credit cards, they all have a contract. If the cardholder's credit card is overdue, it is a breach of contract first, so the initiative lies in the hands of the bank.

3. Suspension of interest and suspension of accounts means that interest will stop, and the period for recovering arrears will be longer, which will also increase the risk of bad debts and secondary collections.

If you want to suspend interest payments and hang accounts, cardholders must do the following three things:

Obviously banks will not easily agree to debtors suspending interest payments, but there are many things that will matter if you don’t do them. Do you know? It is better to call the bank to negotiate by yourself or entrust a third-party agency to negotiate, but the prerequisite is that we need to show sincerity, and it is possible to apply for a suspension of interest rates and suspended accounts successfully.

First, you cannot escape when facing collection. The phone calls between the cardholder and the bank for collection are all recorded. If the cardholder himself uses bad language, lies, loses contact, etc. during the collection period, , then your chance of applying for a suspension of debit will be greatly reduced.

Second, explain the actual situation. Don’t let the bank ignore you if it doesn’t collect money from you. You should take the initiative to contact the bank and explain your current economic situation, unemployment status, family difficulties, etc.

Let the bank truly feel the difficulty of the cardholder

Third, contact the bank proactively and put forward your needs for interest suspension and installment, and clearly tell the bank how much income you have, how soon you can start repaying, and the maximum you can repay. How much, how many installments do you want, remember not to say unrealistic things like you owe 10,000 yuan, and you want to repay it in 60 installments. If it is unrealistic, the bank will also resent it.

If you want to know more details about suspension of interest payments, such as words, specific practices, how to pay off a 200,000 bill in 60 installments, only the principal is repaid and no interest is paid, and at the same time, we will help you Fix your credit report!

You can contact the poster, who will help you with a case analysis based on your situation and help you solve your debt problems as soon as possible. Conditions for credit card interest suspension and suspension of accounts: none of the three major conditions can be omitted

Many cardholders I still don't have enough credit card, so I post online asking for solutions. I want to know what I should do if I can't borrow money to repay. And I found that many experts recommend the practice of suspending credit card interest rates and signing a personalized installment repayment agreement with the bank to avoid overdue payments and collections, and at the same time relieve your own repayment pressure. So, what are the conditions for suspending credit card interest payments? Let’s find out together below.

Three major conditions for credit card interest suspension and suspension of accounts

1. Make sure that the credit card debt exceeds the cardholder’s repayment ability: For example, if you owe 200,000 yuan, but your monthly income is only 5,000 yuan, This is obviously a sign that the debt exceeds the ability to repay.

2. The cardholder must be willing to repay: This means communicating with the bank immediately and negotiating before the payment is overdue, instead of changing contact information immediately to avoid bank collection.

3. Give appropriate reasons: failure to repay the loan on time due to external factors, unemployment or illness, etc.

Cardholders who meet these two conditions can directly call the customer service of the card-issuing bank, explain to the customer service that they did not overdue maliciously, and tell them the reason why the credit card has not been paid, and then it must be approved by the bank. As long as the bank recognizes your reasons, the process of suspending the interest rate suspension will be half the battle.

After the bank agrees to suspend the interest rate and open the account, you must sign a personalized repayment agreement with the bank in accordance with the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks". In the personalized repayment agreement, the repayment cycle, specific repayment date, repayment amount of each period, as well as annual fees, interest and other charges should be agreed upon. It is recommended that the bill be repaid in five to sixty installments, which can reduce a lot of financial pressure.

The above is the relevant introduction to the "conditions for credit card interest suspension and debit suspension". I hope it will be helpful to everyone. If your credit card is not in full and you cannot raise the money to repay it, then suspending the interest rate and hanging the account is undoubtedly the best solution. Of course, the premise is to obtain the consent of the bank. What are the conditions for application for suspension of interest rate suspension?

The bank's conditions for suspending interest rates and hanging accounts:

1. It has been confirmed that the amount of debt clearly exceeds the debtor's repayment ability

2. The debtor must have the ability to repay On the premise of willingness to repay, take the initiative to negotiate and communicate with the bank before overdue

3. There are reasonable reasons, such as failure to repay as scheduled due to external factors, unemployment, illness, etc.

From the above point of view, it does not mean that as long as the debtor has not repaid the loan or does not want to repay it, or the debtor is overdue, he or she can apply for an interest suspension, and the bank will generally not agree to negotiate with you.

However, if some debtors are unable to repay due to special reasons, the bank will also agree to suspend the interest rate and suspend the debt. This suspension of interest payment does not mean that there is no need to repay in the short term. Repayment is still required, and it is required. Just repay the loan on time according to the agreement.