according to article 7 of the regulations on credit card supervision and management, you can apply for suspension of interest and debit if you meet the following four points:
Condition 1. The cardholder has the willingness to repay;
condition 2: the cardholder has the ability to repay by installments;
condition 3: the cardholder is overdue and cannot repay the arrears in one lump sum;
condition 4. if the cardholder wants to return to the normal living environment, he stops the call collection and does not want to be executed; Stop-and-pay refers to a way that the cardholder and the bank re-reach a personalized installment repayment agreement after the credit card is overdue and unable to repay it, and re-formulate the fixed limit, temporary limit and reserve fund in the credit card, re-installment and repay it on time every month.
according to article 7 of the regulations on credit card supervision and management, you can apply for suspension of interest and debit if you meet the following four points:
Condition 1. The cardholder has the willingness to repay;
condition 2: the cardholder has the ability to repay by installments;
condition 3: the cardholder is overdue and cannot repay the arrears in one lump sum;
condition 4. if the cardholder wants to return to the normal living environment, he stops the call collection and does not want to be executed;
what is the legal basis for "stopping to pay the bill"
According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, the bill is suspended: under special circumstances, if it is confirmed that the credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and sign a personalized installment repayment agreement. The maximum term of this individual installment agreement is 5 years, that is, 6 months.