Can the late payment fee and interest of credit card be reduced?

after the credit card is overdue, as long as it is not maliciously defaulted, it can be reduced or exempted.

1. It is a breach of contract for a credit card to fail to repay after it is overdrawn. The bank can ask the cardholder to repay the principal, overdue interest, late payment fee, over-limit fee, etc. At the same time, the bank can apply to freeze your card and list you as a prohibited customer (blacklist), and apply to+++for enforcement.

2. If the cardholder maliciously overdraws a certain amount for the purpose of illegal possession, and it is overdue for more than 1, yuan, and it is still returned after being urged by the issuing bank twice and more than 3 months, it is suspected of the crime of credit card++,and it will bear criminal responsibility.

Extended information:

Reasons for overdue credit card:

1. There is a problem with+++in hand, and there is no money to repay, which leads to overdue credit card;

2. Forgot to repay;

3. Due to business trip, travel or other reasons, the credit card is overdue due to the delay in repayment channel.

Consequences of overdue credit card:

1. Overdue credit card not only has a 5% late payment fee for the minimum unpaid part, but also has a full penalty interest on the bill (the daily interest rate is .5 ‰, and the interest will start to accrue on the day of consumption, and the interest will be recovered on a monthly basis until the principal and interest are paid off), which will also cause bad credit records in the Credit Information Center of the People's Bank of China, seriously affecting the application for credit cards and bank loans within five years.

2. If the payment is overdue for more than three months or the bank urges you for more than two times, the bank will freeze your card and list you as a prohibited customer (blacklist), and at the same time, it will++your credit card++and malicious overdraft, and++will be enforced.

3. Article 196 of the Criminal Law stipulates that anyone who engages in credit card++activities in any of the following circumstances, if the amount is relatively large, shall be sentenced to+++for not more than five years or criminal detention, and shall also be fined not less than 2, yuan but not more than 2, yuan;

if the amount is huge or there are other serious circumstances, it shall be punished by+++for more than five years and less than ten years, and a fine of more than 5, yuan and less than 5, yuan shall be imposed;

If the amount is especially huge or there are other particularly serious circumstances, the offender shall be sentenced to more than 1 years+++or+++,and shall also be fined between 5, yuan and 5, yuan, or his property shall be confiscated:

(1) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) using an invalid credit card;

(3) fraudulent use of another person's credit card;

(4) malicious overdraft. Malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and still refuses to return it after being urged by the issuing bank. Malicious overdraft is the main risk form in credit card business, which belongs to the part of credit card++.

Baidu Encyclopedia-Overdue

Baidu Encyclopedia-Late Payment Fee for Credit Cards

Can the overdue credit cards of the four major banks be reduced or exempted? Yes in some cases!

cardholders who have learned about the overdue provisions of credit cards may know that after their credit cards are overdue, they can apply to the bank to negotiate repayment and choose personalized installment service. Personalized installment includes interest reduction and exemption. If a friend consults, can the credit cards of the four major banks be reduced or exempted when they are overdue? Yes in some cases!

can the overdue credit cards of the four major banks be reduced or exempted?

in most cases, the late payment fee generated by the cardholder's overdue credit card cannot be reduced, but if the cardholder's overdue credit card bill meets the following conditions, it can be reduced through negotiation with the bank.

1. Bank problems

If it is because of problems in the bank, the cardholder's credit card is overdue, resulting in late payment fees. Then the cardholder has the right to ask the bank to reduce the late fee. For example, the bank's system upgrade leads to the cardholder's failure to repay on the repayment date, and there are unspecified charges and unknown charges.

2. Force Majeure

If the cardholder's credit card bill is overdue due to serious illness, unemployment, bankruptcy, criminal detention and other force majeure factors, he can ask the relevant institution to issue a certificate, and then find the bank to explain the specific situation. According to relevant regulations, after receiving the certificate, the bank needs to verify the authenticity, and then negotiate with the cardholder to reduce the late payment fee.

3. Other reasons

If the cardholder has negotiated with the bank for a deferred repayment plan before the credit card repayment date arrives, but the bank system still deducts the money due, resulting in a late fee on the cardholder's credit card bill. Cardholders can also go to the bank to explain the situation and ask for a reduction in the late payment fee.

The above is the sharing of the related content of "Can the overdue credit cards of the four major banks be reduced or exempted?" I hope it can help everyone!

Can the credit card penalty be reduced?

The credit card penalty cannot be reduced, but must be paid. The penalty means that when the actual repayment amount of the credit card due date is lower than the minimum repayment amount, the central bank will charge a fine for the unpaid part of the minimum repayment amount, and the charging standard is 5% of the unpaid part.

In the past, there were late fees, which were almost the same as liquidated damages. However, the late repayment time will lead to more late fees. However, according to the new credit card policy issued by the central bank in 217, the collection of late fees will be cancelled. Although the name is only two words short, the cancellation of late payment fees has relieved a lot of pressure for the majority of credit card users.

if you really forget to repay, you can call the bank to show that it is not a malicious overdraft and you have the willingness to repay. If there is really a problem with personal funds, you can apply for installment or extension, depending on the bank regulations. When making credit card consumption, the most important thing to pay attention to is the consumption quota. If it exceeds the current personal ability, it must be rational, resulting in the biggest problem after the credit card is overdue. If it is recorded in the blacklist of the credit information system by the bank, it will take five years to clear the record after paying off the debt. If it is maliciously overdrawn, the bank can file a case.

Can I apply for relief of interest and late payment fees owed by credit cards?

First of all, let's say the conclusion: Of course, I can apply for relief.

according to article 7 of the measures for the supervision and administration of credit card business of commercial banks issued by CBRC, you can apply for reduction or exemption. A detailed document will be attached at the end of the article, just check it out.

but in practice, it may take stages to succeed.

Stage 1: -3 months after the default stage, I talked about it, and people directly said that this document is not mandatory, so banks can not refer to it (in fact, there is something wrong with his statement, but I can't do anything about it). At this time, banks generally don't take the initiative to offer relief. Even if you do, the other party won't agree, because they want to make money. At this time, I don't know if you really have no money, so the things that don't mention relief first will be handed over to the collection to maximize the benefits and make a lot of money. It's not too late to make relief again.

Stage 2: 3-24 months. In this stage, usually after outsourcing collection, you are unable to repay the loan because of such a strong collection, which shows that you really have no money. At this time, if you talk about reduction, you will have a high probability of success.

Stage 3: 24- Infinite. At this stage, the general collection is abandoned. If you suddenly say that you have money at this moment, the bank will agree to the reduction and exemption, because they all treat you as a bad debt. Unexpectedly.

Reference: Measures for the Supervision and Administration of Credit Card Business of Commercial Banks

Can the late payment fee for credit cards be reduced

There is a chance to reduce the late payment fee for credit cards, but the premise is that you must "sincerely repay the loan and take practical actions", and the specific amount of reduction and exemption depends on everyone's situation.

the cardholder can report it by contacting the legal affairs department of the local credit card center of the bank or calling the customer service center. Customer service will give our back office a work order after receiving the order, and the corresponding department will get in touch with the cardholder after receiving the order.

you can try to write an application for waiver to the bank, stating that due to special circumstances such as unemployment, illness or other matters, financial difficulties cannot be improved in a short period of time, so you can't repay in full, and you can apply for waiver of late fees and interest, but you need corresponding evidence to prove the above facts.

according to article 7 of the measures for the supervision and administration of credit card business of commercial banks, 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 reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years. The contents of the personalized installment repayment agreement shall at least include:

(1) the balance, structure and currency of arrears;

(2) repayment period, method, currency, date and repayment amount in each installment;

(3) whether the annual fee, interest and other expenses are collected during the repayment period;

(4) the cardholder shall not apply for a credit card commitment from any bank before all the relevant funds in the personalized installment repayment agreement have been settled;

(5) rights and obligations of both parties and liabilities for breach of contract;

(6) Other matters related to repayment.

if both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing service institution shall stop the collection of the cardholder, unless the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must keep the recorded data. Recording materials shall be kept at least until the date of settlement of arrears.

Measures for the Supervision and Administration of Credit Card Business of Commercial Banks Article 92 Commercial banks shall carry out classified management of credit card risk assets, and the classification criteria are as follows:

(1) Normal category: the cardholder can repay the payables in full before the due repayment date (inclusive) according to the repayment rules agreed in advance.

(2) concern category: the cardholder fails to fully repay the payables on the due repayment date according to the repayment rules agreed in advance, and the overdue days are 1-9 days (inclusive).

(3) Sub-category: the cardholder fails to fully repay the payables on the due repayment date according to the repayment rules agreed in advance, and the overdue days are 91-12 days (inclusive).

(4) Suspicious category: the cardholder fails to fully repay the payables on the due repayment date according to the repayment rules agreed in advance, and the overdue days are 121-18 days (inclusive).

(5) Loss category: the cardholder fails to fully repay the payables on the due repayment date according to the repayment rules agreed in advance, and the overdue days exceed 18 days.

on the premise that the business system can support it, the classification operation is legal and compliant, and the classification method and data calculation method have been approved by the China Banking Regulatory Commission and its relevant agencies, commercial banks are encouraged to adopt more prudent credit card asset classification standards, continuously pay attention to and regularly compare important risk management indicators related to reserve provision and risk asset measurement, and take corresponding risk control measures.

So much for the introduction of credit card late fee reduction and exemption policies.