1. Credit card arrears: If the credit card arrears can still be repaid with the minimum repayment, the credit record will not show that it is overdue, but the minimum repayment will often have high interest. If you can't even pay the minimum repayment, that is, you will have a bad record if your credit card is overdue. On this basis, if the total amount of money you owe to other banks exceeds 2.5 times that of the bank, you can take the initiative to apply to the bank for personalized installment, which can generally be divided into 24-6 installments, and this installment only needs to repay the principal without interest, provided that your conditions are met before you can apply successfully, similar to: high debt, low income, yes. (during this period, many people will be constantly urged by third-party companies to negotiate repayment, which will be discussed later in this article.)
2. Unsecured credit loan arrears: Credit loan arrears are generally unsecured credit loans, such as the reserve fund of credit cards, the decoration loan applied for by houses, the salary loan of office workers, etc. These are unsecured credit loans, and the general credit loan is still not available. The bank will contact you again next month to let you repay on time. If you don't pay back on time, you will appeal or seal up your assets, but the general bank will give you 3-6 months to find a way to pay back. If you still can't pay back, you can negotiate with the bank how to increase the number of installments and reduce the monthly repayment amount, thus reducing your repayment pressure a lot.
3. Arrears of mortgage loans: There are two kinds of mortgage loans: house mortgage and car mortgage. Generally, once you fail to pay this mortgage loan, the bank will contact you by phone the next month to ask you to repay it. If you fail to repay it for more than three months, the bank will take legal action, because you signed a contract when you made the mortgage loan. If you fail to pay the money, the bank will seize your house and your car, and then take legal action. However, if you mediate with the bank before the trial, you can repay the arrears, and the general bank will withdraw the lawsuit. However, you have to bear the other party's attorney's fees and legal fees, and you will still lose a little. But if you don't accept these, you will lose your house and car. Therefore, when you don't negotiate with the bank properly, you can sell the house and car before it is sealed up, so the bank can't seal up your house. Once sealed up to the auction stage, the value of your house and car will be greatly reduced.