"1. Sample application form for credit card overdue exemption:

I (____) successively used our bank’s credit card to spend ____ yuan in ______ year, but later due to ____ (overdue Reason) and no other financial resources, resulting in the inability to repay the credit card overdraft limit. Now I have borrowed money from relatives and friends to repay the entire principal, but due to limited ability, I am unable to pay off the entire debt. Now I kindly ask the bank leaders to consider me. In actual circumstances, some overdue interest and late payment fees will be waived.

We sincerely hope for approval.

2. What are the consequences of the application for credit card debt reduction?

1. If the situation you submitted is true and there is indeed an economic change, and the bank verifies your situation, it will reduce or exempt a certain amount of liquidated damages based on your current income, existing assets, and the degree of your difficulty. If you are lucky, it will generally be waived. It is the exemption part.

2. If the application form is filled out by the reimbursement agent, there will be no negative impact on the reimbursement agent after the application is successful. After all, the cardholder is the main body of the repayment, only the bank. Request for compensation and exemption to prove that the cardholder is indeed in difficulty, and you may not really need to help pay.

3. If it is an application for compensation and exemption written by a husband and wife, generally speaking, only Only the spouse and the other party need to repay the debt together. For example, if your husband uses his credit card for food, drink, prostitution and gambling, it will definitely have nothing to do with you, but if it is used for ordinary household expenses, you will have to pay for it.

Legal basis

"Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Bank Card Civil Dispute Cases"

Article 2 The card issuer shall enter into a bank agreement with the cardholder. When entering into a card contract, the obligation to remind or explain the standard terms such as interest, compound interest, fees, liquidated damages, etc. is not fulfilled, resulting in the cardholder not paying attention to or understanding the terms. The cardholder claims that the terms do not become part of the contract and is not responsible for them. If it is binding, the people's court should support it.

The card issuer requires the cardholder to pay overdraft interest, compound interest, liquidated damages, etc., or pay installment fees, interest, and liquidated damages in accordance with the credit card contract. etc., if the cardholder requests an appropriate reduction on the grounds that the total amount claimed by the card issuer is too high, the people's court shall comprehensively consider the relevant national financial regulatory provisions, the amount and period of outstanding repayment, the degree of fault of the party concerned, the actual losses of the card issuer, etc. factors, and make a decision based on the principles of fairness and good faith. "