Article 70 of the Measures for the Supervision and Administration of Commercial Banks is mentioned.

Analysis:

1. Special circumstances: such as unemployment, bankruptcy, serious illness, special circumstances of immediate family members. The epidemic can also be counted.

(This requires providing supporting documents)

2. The debt exceeds the cardholder’s repayment ability and is being collected (this is satisfactory, otherwise it will not go Negotiation)

3. Have a strong willingness to repay (if you don’t answer collection calls, you may not have one)

4. Have the ability to repay. This refers to the ability to repay in installments. You have to say that you have no money, you can't even afford food, and the bank hates you and it's useless to negotiate for installments. (Proofing materials must also be provided for this)

To negotiate repayment, you must have: certain financial knowledge, legal knowledge, and negotiation skills and persistence.

Just a reminder: Negotiating repayment becomes a second installment. Even if the negotiation is successful, it will still be overdue until you still play, but it will not be collected.

Don’t talk to debt collectors, talk to the bank.

If your credit card is overdue, you can negotiate with the bank to suspend interest rates. The law also expressly stipulates that according to Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", when the cardholder is unable to repay, but still has the willingness to repay, he can negotiate with the bank to suspend interest and make personalized repayment, which can be divided into up to Interest-free installment for five years and 60 months, with no penalty or interest during the period. Avoid debt collection and prosecution, reduce repayment pressure, and return to normal life.

If you want to negotiate with the bank but can't find a way. You can follow me so that you will no longer be confused about overdue debt, get rid of overdue troubles, reasonably plan your debt repayments scientifically, and help you achieve financial freedom as soon as possible!

In 2020, major banks have introduced interest-free repayment policies for credit card liabilities. Once again, under special circumstances, the cardholder confirms that the amount of credit card debt exceeds the cardholder's repayment ability, and the cardholder is still willing to repay. Yes, the card bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement!

Through the agency of a legal agency, negotiate with the bank and ask the bank to provide special installments of 6-60 installments with certain interest exemptions and exemptions, based on stable repayment, to stop collections and avoid criminal liability.

Hello, I am happy to answer your question. When you find that your credit card is overdue, you should first call the bank's credit card customer service and explain why it is overdue. If you can point out what the bank did wrong, you can mention it and see the bank's explanation. Finally, see if it is possible to let the credit card go. Failure to file a credit report after the due date. Current laws have many regulations on credit cards. If you accidentally use a credit card, you may be in contact with the law. You must maintain good credit card usage habits, repay your bills on time, and maintain a good credit status.

After the credit card is overdue, you can negotiate with the bank for installment repayment and reach a second installment agreement. First of all, when a credit card is overdue, problems such as high interest rates and liquidated damages will arise. At the same time, you will also face the problem of collection. Many people will repay blindly at this time. In fact, our country's laws have regulations. Let me share with you a legal article, the Measures for the Supervision and Administration of the Credit Card Business of Commercial Banks, which is also the Banking Regulatory Commission's Order No. 2 on the Supervision and Administration of the Credit Card Business of Commercial Banks. Article 70 of the Measures

Under special circumstances, if it is confirmed that the amount of credit card debt exceeds the cardholder's ability to repay, and the cardholder still has the willingness to repay, the card-issuing bank may negotiate with the cardholder on an equal footing to reach a personalized agreement Personalized installment repayment agreement, the maximum term of the personalized installment repayment agreement shall not exceed 5 years.

The video provides a detailed negotiation process for applying for a personalized installment agreement

Affected by the new coronavirus, many friends who rely on credit cards have had no income for several months. , the credit card is overdue and I can't pay it back. This is a fact, there is no way, this is life, who told you that you have no money? However, if you understand what I am going to say next, maybe your life will be different!

To put it bluntly, an overdue credit card is just a loan dispute. It’s not a big deal. Owing money is not owing your life.

We must face the fact that we owe money correctly and must not escape! Many friends who are overdue for the first time are very embarrassed. They are afraid that others will know. They are embarrassed and afraid to answer the phone calls from the bank. If someone owes you money, why don't you call and ask for it?

You must answer the bank phone, no matter what the situation. Even if you don't notice it, call back when you see a missed call. Once you deliberately don't answer the phone, a series of bad reactions will occur. The bank determined that he had deliberately escaped. The bank collection will contact the phone number of your relative, colleague or company that you reserved when you applied for the credit card. If the whole world knows this, the blow to your self-esteem will be endless. As long as you answer the call, you will only hear some serious and unpleasant words. What are you afraid of? Your speech skills are also very important at this time. Speak less and listen more, because there is a recording (the bank may use it when we finally break up). If you talk too much, you will make more mistakes. Be sure to convey that you are working hard to raise the money and do your best to pay it back as quickly as possible. If you answer the call, you won't be calling your relatives, colleagues or even your address book.

These are the effects of human nature and sophistication. The real legal reason is that not answering the phone is the only necessary condition for a criminal conviction for malicious credit card overdraft.

There are two types of overdue credit card filings. 1. After investigation, the case was filed. This was a criminal case and it was determined to be credit card fraud. The crime of credit card fraud requires three conditions. 1. For the purpose of illegal possession. 2. The principal amount owed exceeds RMB 50,000 (single bank) and is overdue for more than 3 months. 3. After two or more collections from the bank. Obviously, 2 and 3 are easy to achieve. However, the explanation for 1 is that he overdrafted maliciously and deliberately changed his contact information and did not answer collection calls to avoid collection. This needs to be understood carefully. 2. Court filing, loan disputes, and general civil filing. You can understand that the first type, if you don’t pay back the money, you will go to jail directly. The second option is to negotiate and pay it back slowly (there is a technique for negotiating with the bank specialist on interest-free pending accounts that will be introduced later).

There is another problem that is easy to encounter. A friend's credit card is overdue and he can't pay it back. Just ignore it. This is a huge mistake. Expiration of the deadline is not a death sentence. The fact that the full amount is not paid, and the minimum amount is not paid does not mean that there is no need to pay back. There are always 5 yuan and 10 yuan! This is when you need a repayment action. Let the bank know that you have taken this action. It is not that you will not pay back the money, but that you will pay it back in the short term. Now I can only do my best to pay it back. Does this avoid malicious non-payment of debts?

As long as you do these two things, we guarantee that there will be no problems in the short term. Like I said: in the short term. If you really can't repay it in the short term, then you'll have to wait and see my next analysis. Teach me how to repay as little as possible in the future (if you can’t afford it, you can only repay as little as possible).

If there is already a problem with your credit card, how to avoid being sued:

1. Express your willingness to repay to the bank: When the credit card is overdue, you must not ignore it. regardless of. First of all, you need to get in touch with the bank, indicate your current financial situation, take the initiative to express your willingness to repay, and hope that the bank will coordinate and customize a reasonable repayment plan to slowly pay off the debt.

2. Make sure the call is open: bank staff will continue to contact you after the due date, but do not deliberately avoid these calls. After answering the phone, you should promptly explain your willingness to repay and the current financial situation. Pressured, pleading for some grace.

3. Apply for a suspension of interest and hanging accounts: If the cardholder is overdue when using his credit card and is really unable to repay the amount required by the bank, he can apply to the bank for an extension or a suspension of interest and hanging account policy, and sign a personalized installment According to the agreement, repayment according to the negotiated amount every month will allow the cardholder to return to normal life, stop calculating penalty interest, and stop collecting collections.

Now that there is a problem with the credit card, how to negotiate repayment:

First, you need to contact the bank proactively and explain your debt and income clearly and reasonably. State your negotiation requirements.

Second, prepare the corresponding materials required by the bank and submit them to the bank to prove that you have the ability to repay, but it is more difficult now to improve your negotiation success rate.

3. According to Article 70 of the "Regulations on the Supervision and Administration of Credit Cards of Commercial Banks", you can search for details, write them down, and tell them to the bank.

4. Based on your current situation, for example, if you want to pay in installments, you must first plan how many installments you want, and then tell how much you can pay back in each installment. This plan must be reasonable. , you can accept the plan that the bank can accept.

Of course, it is natural to repay debts. If you do not overdue, you will not be debt collectors, so you will definitely face debt collectors. Just face it rationally and communicate reasonably, just like if someone else owes you money For your money, you will definitely urge him to repay it, which means the same thing. If it is really difficult to repay or the card has been overdue but the card has not been frozen, you can temporarily use UnionPay's pending repayment software to repay the loan to avoid overdue or overdue card freezing, as well as penalty interest and default after overdue. Money is also a very high expenditure, not to mention issues such as prosecution, so credit card debt must be actively resolved and actively negotiated. At the very least, one must first avoid overdue or avoid continuing to overdue.

First of all, it can be negotiated after the due date. During the overdue period, the bank's collection phone calls will definitely be made continuously, which will seriously affect your work and life.

First, we can analyze that if it is not violent or illegal collection, it is a normal collection method of the bank. We cannot escape, let alone sit idly by.

Second, actively cooperate with the bank staff, put forward your willingness to repay, and negotiate for suspension of interest rates and second installments.

Third, you have a strong willingness to repay, and explain your situation to the bank. It’s not that you don’t want to repay, but that you are unable to repay. It has exceeded your repayment ability. You can repay the principal every month until it is repaid. over.

Overdue credit cards are a troublesome thing. Damage to your credit report is a trivial matter. The most troublesome thing is not being able to pay back the money.

So if your credit is overdue and you are willing to repay, how can you afford it? Of course, it is repaid in installments, and the bill needs to be stopped from continuing to grow.

If a credit card is overdue, liquidated damages and penalty interest will be incurred, and normal interest will be charged on the unpaid portion, so if you delay repaying it, you will become increasingly unable to repay it.

Then if the interest rate is suspended and the person who rings the bell is required to untie the bell, it is necessary to negotiate with the bank.

Two roads:

One. Negotiate yourself.

There is no trick, just call the bank, express your willingness to repay, explain your difficulties, and seek the bank's understanding, so that the bank agrees to suspend interest installments.

2. It’s easy to reorganize personal debt and negotiate through legal channels.

What can be achieved through legal negotiation for credit card debt restructuring?

1. Stop collection: After intervention and negotiation, collection can be completely stopped within a short period of time.

2. Avoid criminal liability: avoid criminal detention, be summoned for interrogation by the criminal investigation, and avoid criminal liability.

3. Avoid being sued: avoid enforcement and avoid the auction of your property to pay debts.

4. Negotiate installments: Depending on the total amount of overdue debt, reasons for overdue and bank policies, etc., it can be divided into up to 60 installments.

5. Fees can be reduced or reduced:

A. The handling fee for the second installment. Generally, there will be a 14% handling fee for more than 12 installments of bills. 90% of debtors can get the full amount. amount reduction.

B. Overdue liquidated damages and penalty interest can be reduced to a certain extent or in full for more than 60% of debtors.