Official notification in 2023 that the central bank has launched a debtor rescue plan, and the credit card solution is here!
Data show that the current total debt of young people is as high as 22 trillion yuan, more than half of the post-90s generation has debt, of which the overdue amount of credit cards is as high as 107.6 billion yuan.
The original intention of credit cards is to alleviate the current repayment pressure. However, the subsequent fierce competition and various benefits introduced by banks have inadvertently stimulated cardholders' purchases, and many people have turned from cardholders into "card slaves."
But many people spend blindly and do not know that some banks will sue the debtor immediately after the credit card is overdue.
Stop credit card installment payments.
After the credit card expires, you can stop the installment payment. Once the negotiation is successful, the collection will stop immediately to avoid prosecution by the bank. The maximum number of installments is 60, which reduces the monthly repayment amount and makes repayment easier. No additional debt such as interest will be incurred, making repayment more efficient. Reducing penalty interest and liquidated damages will greatly reduce repayment pressure, allowing debtors to end their debts faster and return to normal life.
The four major state-owned banks, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China, have very high prosecution rates.
In particular, the Industrial and Commercial Bank of China submitted the letter of credit immediately after the deadline.
So, how can you avoid being sued?
According to relevant regulations, under special circumstances, if it is confirmed that the credit card limit exceeds the cardholder's repayment ability, and the cardholder still has the willingness to repay and the ability to repay later, the card issuer may contact the cardholder Negotiate on an equal footing and sign a personalized installment repayment agreement. It can be divided into up to 60 periods.
Applying for an interest-free installment can not only stop the increase in interest and liquidated damages, but also ensure that only the principal is repaid every month.
You can also avoid the trouble of lawsuits, stop collections, return to a peaceful life to make money, and pay off your debts as soon as possible.
Share the installment policy reference of several banks:
Bank of Communications: The highest interest rate is 6-60 installments, with multiple installments for small amounts. The number of installments depends on the cardholder's ability.
Industrial Bank: The highest interest rate is 6-60 installments. Small amounts can be divided into multiple installments, with certain exemptions. The installments are also excellent.
CITIC Bank: The highest interest rate is 6-60 terms, with a down payment of 10%, and there is a possibility of reduction or exemption.
Minsheng Bank: The maximum payment suspension is 6-60 periods, 10% down payment, a handling fee of 3,000 yuan, and offline signing.
China Construction Bank: The highest interest rate is 6-60 periods, with a down payment of 5%-20%, no reduction.
ICBC: The maximum interest-free installment is 6-60 installments (it is determined that there is no securitization, the basic installment is 36 installments, and the total handling fee is about 11% based on three years), and offline signing is required.
Borrow money through Alipay and loan from online merchants.
You can apply for deferred repayment after 1-3 years. In fact, it is also a disguised form of installment payment. During the deferment period, repayments can be made. If you have money, you will pay more. If you don’t have money, pay less. Of course, most people will choose to save money and only pay back the principal upon maturity.
Other online loans include Home Credit, Ping An Puhui, Paipaidai, etc. Repay interest and principal.
Most of the interest rates on private loans do not meet national standards. For overpayments, you can apply to directly cover the remaining arrears. For example, a loan of RMB 50,000 has been divided into 40 installments and repaid in 30 installments. You may have paid back the principal and paid back a lot of money. At this time, you can directly use the overpaid money to make up the remaining 10 issues. If the interest rate is high, you don’t even have to pay back the remaining installment, you can just pay it back directly.
Related Q&A: Related Q&A: If I have serious online loan debt but it is not overdue, can I still repay the debt through a mortgage property loan?
It’s best not to, I am a living example!
In 2019, my husband and I were about to run out of credit cards, so we mortgaged our house to use the credit cards. However, the house itself had a mortgage, and in the end we actually received three to four hundred thousand. As you can imagine, I only persisted for half a year before I couldn't stand it anymore. Then I took out various online loans, reversed my credit card, and encountered the epidemic directly after taking out the mortgage. My husband's credit score was black in the first year, and now after the Chinese New Year, the house is probably gone. It's about to be executed!
Listen to me, no matter you owe an online loan or a credit card, don’t try to buy a house. Even if you are really overdue in the future, you can still negotiate and postpone it. Generally, no one will try to buy your house. The idea is to scare you with your house at most, especially online loans. They will not sue you at all. As long as you repay the mortgage normally, you will have a place to live. If you mortgage the house, you must pay back the interest as well. Keep your credit report. If your credit report is not good, they will repossess the mortgage loan. You will need to pay back the full amount at that time. If you can't pay, you will sue, and then your house will be forfeited. In the end, the gain will outweigh the loss!