How to negotiate with the bank if you are unable to repay your credit card
How to negotiate with the bank if you are unable to repay your credit card. After your credit card becomes overdue, you can apply to the bank for suspension of interest payments by calling or in person. Go to the bank to apply in person, but not everyone can apply. Here is an analysis of how to negotiate with the bank if you are unable to repay your credit card. How to negotiate with the bank if you are unable to repay your credit card 1
1. How to negotiate a repayment plan with the bank if your credit card is not repayable
1. Show a positive attitude towards repayment
If you want to negotiate with the bank and apply to extend the repayment period, repay in installments, or suspend interest payments, first of all, you cannot choose to ignore the debt after it is overdue. Even if you cannot pay off the overdue debt in full at the moment, the cardholder will not be able to pay off the overdue debt in full. You should be able to repay a little bit, so that you can show your willingness to actively repay when negotiating with the bank later.
2. Explain clearly the reasons for the overdue payment
As long as you clearly explain the reasons for the overdue payment, such as the failure of starting a business or misappropriation for emergency use, etc., prepare sufficient information and express that you are actively repaying the loan. The bank will consider the cardholder's wishes as appropriate. If the bank agrees, the cardholder can discuss a new repayment plan with the bank, and then repay according to the new repayment plan.
3. Ensure smooth calls
If the bank cannot contact us personally when our credit card is overdue, it will cause the misunderstanding that we are evading repayment.
2. What are the standards for banks to identify overdue records? 1. When banks evaluate loan applicants, in addition to assessing repayment ability and loan purpose, they will definitely Focus on assessing the applicant's personal credit. However, each bank has different standards for "how many times the loan is overdue".
2. Generally speaking, if the total number of overdues reflected in the credit report does not exceed 6 times, and the number of overdues in the past year does not exceed 3 times, the bank will consider it There are no serious problems with your credit history. If the applicant has no loan overdue record and only has one or two overdue credit cards, such a credit report will not have a serious impact.
3. However, if it is currently overdue, that is, a credit card happens to be overdue when applying for a loan, even if the credit was very good before, the current overdue impact on the loan application will be very serious, and it is usually impossible to obtain a loan.
3. How to deal with a credit card overdue
1. It is best to continue to use this card
After expiration, the best way is to continue to use this card For a card, the original negative record will be overwritten with a new normal repayment record. Generally, a new credit record will be generated after 24 months, so that personal credit, etc. will not be affected after the record is refreshed.
2. Don’t run away.
If you are overdue for a long time, your credit card will charge compound interest and there will be high late payment fees. If you run away, the bank will think that you are maliciously overdrafting and will call the police.
3. Inability to repay must be explained in time
If you are unable to repay on time due to unemployment or illness, state your financial situation before the final repayment deadline and declare that you are not malicious If you owe money, you can apply for delayed repayment and interest discounts.
4. It is best to repay in full and explain
If you forget to repay due to usual carelessness, you must repay in full as soon as possible after discovering that it is overdue, preferably in full. , because after full repayment, you have the best chance of winning if you call the bank to explain that the debt is not malicious and request to eliminate the overdue record. How to negotiate with the bank if your credit card is unable to repay 2
1. How to apply to the bank for suspension of interest payments
1. Give "irresistible" reasons. According to the above-mentioned "Commercial Bank Credit Card Business Supervision and Management Measures" "" stipulates that cardholders must be unable to repay before they can apply for personalized installments. Therefore, before applying, everyone must first express that they are overdue due to irresistible reasons.
2. Show your determination to repay the loan and your attitude of giving priority to repaying the bank’s credit card. Choose forced installment or you will be unable to repay. Each bank has different policies regarding overdue time and amount. Once you are rejected, the application , there is little hope of successful application. If you are worried about being rejected, you can also seek legal help and strive for the maximum amount of reduction, divided into 60 installments.
2. What to do if you are sued for non-payment of an online loan
1. Take the initiative to negotiate with the bank
The first thing to do is, of course, to contact the bank. , you should know that although the bank can sue, it can also withdraw the lawsuit. Therefore, you can take the initiative to explain the situation to the bank and prove that your situation is indeed difficult. As long as you negotiate well with the bank, the bank will generally not be too embarrassed.
2. Repay the credit card
Since you are being sued for owing credit card money, then if you want to solve the problem, you naturally need to repay the credit card. Payment is made.
3. What is the process of interest suspension and account suspension?
1. Account suspension and interest suspension means that the borrower fails to repay the principal and interest of the loan on time for some reason, and the bank suspends the accounting processing of interest calculation on schedule. The loan balance and interest are left on the books (that is, pending) for later processing.
2. The legal basis for suspension of interest payments is in accordance with Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability, and If the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement.
3. The application procedure requires the cardholder to contact the relevant bank staff according to the customer service number on the back of the card; then inform him or herself that the overdraft was not malicious and explain clearly the reason why the overdraft credit card was not returned in time. , it is best to elaborate based on the actual situation. How to negotiate with the bank if you are unable to repay your credit card 3
1. How to negotiate with the bank if your credit card is overdue
1. Determine whether you are truly overdue
Most banks provide Got about 3 days of waiting time service. If you repay within the bank's grace period, there is no need to negotiate. This is neither overdue nor will it be on your credit report. And if the overdue period is short, there is no need to negotiate if you can repay the loan in full.
You must know that the impact of overdue is progressive with the overdue time. The longer the overdue, the more serious the consequences. Generally, if you are overdue for more than 3 months, you will be blacklisted by the bank, and if you are overdue for 1-3 months, you will be blacklisted by the bank. is the best time to negotiate.
2. Negotiation method for 1-3 months overdue payment
Contact the credit card center immediately to indicate the reason for your overdue payment. It is definitely not a malicious overdue payment. A sincere negotiation attitude is conducive to negotiation, so the cardholder must also show a strong willingness to repay. The next step is to inform the bank of your income and propose a reasonable repayment plan based on actual conditions.
2. What to do if your credit card is overdue and unable to repay
1. Take the initiative to negotiate based on the actual situation
The cardholder is already overdue and may have accumulated a larger amount of money. Much interest. Everyone should take the initiative to negotiate with the bank. Don't think about reaching the top in one step, asking for interest exemptions, etc., and focus on reality. Explain your income situation and strive for a personalized installment plan.
2. Show positive willingness to repay
The bank has a policy of suspending interest and pending accounts, that is, suspending interest calculation and handling the pending accounts later. In the case of major economic changes, the cardholder is really unable to repay, and showing a positive willingness to repay can help improve the success rate.
3. Provide proof of financial difficulties
It is not good for the bank to suspend interest rates and hang accounts. It is best for everyone to provide unemployment certificates, serious illness/hospitalization certificates, etc. Materials that can be economically difficult. If it is simply said that the credit card has been maxed out and cannot be repaid, the bank will definitely not agree to negotiate.
3. What to do if your credit card is overdue and sued
1. The consequences of ignoring it
If the cardholder does not sue or negotiate, he is likely to be sued by the court. To enforce the law, one becomes a dishonest person, which is often referred to as an "old bastard". No one wants to see harm to their children. If there is really no property in your name to enforce, you must also be willing to repay. If there is "malicious overdraft" behavior, you may be jailed.
2. The correct way to respond to being sued
When you are sued for an overdue credit card, it means that the degree of overdue is serious, and you should contact the bank without delay. The purpose of the bank's lawsuit is to collect debts. If the cardholder can agree to repay in time, the bank will usually withdraw the lawsuit. In the case of real financial difficulties, you can try to negotiate with the bank for repayment in installments.