As supervision becomes more and more stringent, collection methods such as credit card illegal collection and violent collection are prohibited. In order to recover arrears, many banks have launched prosecution mode. Representative banks are: Shanghai Pudong Development Bank, China Merchants Bank, Bank of Communications, Agricultural Bank of China, etc. These banks sued debtors in multiple batches and stepped up efforts to collect remittances.

Many friends who have overdue credit cards did not overdue maliciously, but because they really had no way to pay back the payment. However, the bank does not pay so much attention to it. As long as the payment is overdue and the money is not paid, the bank will think about it. They try their best to force cardholders to pay back money by various means. Including phone collection, group text messages, door-to-door collection, calling relatives and friends, etc. In addition, as the overdue time increases, overdue fees increase exponentially. These factors have brought great trouble to cardholders. The impact makes it impossible to work and live with peace of mind.

The best way to stop losses after an overdue credit card is to negotiate with the bank for repayment as early as possible. One-time repayment can reduce a lot of interest and liquidated damages. If you cannot repay the loan in one lump sum, you can negotiate with the bank for personalized installment repayment. After reaching a personalized installment agreement:

Stop interest and liquidated damages. There will be no handling fees for re-instalment, and all you will pay back is the principal

Stop collection, and there will be no more collections. Telephone harassment allows you to work and live with peace of mind

Avoid the risk of criminal liability if the amount of debt exceeds 50,000

The maximum number of installments can be 60, giving debtors ample time to repay

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Don’t run away from an overdue credit card, and don’t blindly repay the money. You should actively negotiate with the bank for repayment, and formulate a repayment plan that is within your ability. Pay back any money that is not reached through the repayment negotiation. They are all wasted, and they will also be harassed by constant collections

Installation after overdue credit cards, also known as personal debt restructuring, can help debtors protect their basic life within the repayment capacity. You can also make reasonable repayments to avoid collections and asset disposals. If there is a financial problem, it is not recommended to pay back a few hundred or one thousand, as interest and liquidated damages will be deducted if you do so. Either relatives and friends can pay it off in one lump sum, and the bank will waive or waive overdue interest, or they can suspend the interest rate and suspend the debit account so that the interest rate does not rise, and repay the loan slowly to avoid collection and prosecution!

Organize debts, plan repayments appropriately, and avoid prosecution. We have solved the debt problems of thousands of cardholders. I wish you warm winters, warm springs and no worries about debt.

Weixinggong heavy account collection "Xie Cheng Debt Clearance", focusing on actual cases of overdue credit cards, interest-free installments, and personalized installments