If your credit card is overdue, you can negotiate with the bank to stop interest payments.

If you want to negotiate with the bank to stop repaying your debt, you must first clearly express your current predicament and tell the bank that you are indeed unable to repay the debt; then express your willingness to actively repay the loan; and finally apply for a suspension of interest rate reporting.

In addition to contacting the bank for multiple applications, the party concerned can also explain to the bank that if the bank firmly does not consider its repayment ability, it may consider suing on its own.

After all, the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" clearly stipulates: "Under special circumstances, it is confirmed that the credit card debt exceeds the cardholder's ability to repay, and the cardholder is still willing to repay. , the card issuer can negotiate with the cardholder on an equal footing to reach a personalized installment agreement."

[Extended information]

The earliest credit card appeared in the late 19th century. In the 1980s, the British clothing industry developed so-called credit cards, and the travel and business sectors followed suit. But at that time, cards could only be used for short-term business credit loans, and the money still had to be repaid as needed, so there were no long-term defaults and no credit limit.

In the 1950s, McNamara, a credit expert in Manhattan, was eating in a restaurant. Because he didn't bring enough money, he had to ask his wife to send it over. This made him feel very embarrassed, so he organized the "Diners Club" (English: Diners Club). Members bring a meal card to 27 designated restaurants where they can collect their fees instead of paying cash. This is the earliest credit card. Franklin National Bank was the first bank to issue a credit card, and other U.S. banks followed suit.

It is said that one day, American businessman Frank McNamara was entertaining guests in a hotel in New York. After the meal, he found that he had forgotten his wallet. He was deeply embarrassed and had to call his wife to bring cash to the hotel to settle the bill. So McNamara came up with the idea of ??starting a credit card company.

In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the Diners Club in New York, the predecessor of Diners Club. Laidashe provides members with a card that can prove their identity and payment ability. Members can use the card to record accounts and make purchases. This kind of credit card that does not require a bank to handle is still a commercial credit card.

In 1952, Franklin National Bank of California, as a financial institution, issued the first bank credit card.