Maybe you didn’t put yourself in someone else’s shoes, so you decided to be weird. But after you put yourself in someone else’s shoes, you won’t decide to be weird anymore!
First, the bank is a credit institution, in other words, an organizational institution. Someone will be responsible for collection after you are overdue, but someone will decide whether to negotiate with you or not. In fact, it has its own regulations that can be negotiated. It’s just that there won’t be much benefit to the bank after negotiation, so why should we agree?
If everyone can negotiate, then it will be difficult for the bank to manage accounts receivable after everyone negotiates! So unless the relevant departments intervene, they will not agree.
Second, if you are overdue, you will be charged interest and liquidated damages. The interest rate is 0.05% per day, and the minimum penalty for liquidated damages is 5% per month of the unpaid portion. Why should I negotiate with you if I have money to make?
Third, the impact on you after overdue is that the credit report record will always exist. Unless you do not need credit reports in your life and the collection is outsourced, they only need to ask the third party for the results, which will not affect them much. salary.
Fourth, banks will set aside provisions for bad debts. If they cannot be recovered, they will be written off internally. Anyway, bad debt provision is to deal with these problems. He is not worried about what impact you will have if you don't get married, hundreds of billions of profits a year!
Fifth, if it really doesn’t work, the bank can still sue and use legal means to collect the money. If you don’t pay back the money after suing, you will be included in the list of defaulters, which will have a very big impact on you. When you have money, you will I will pay it back myself!
Therefore, there are many reasons not to negotiate, but there is no reason for them to take the initiative to negotiate with you. There is definitely no need to agree to your negotiation! Look at it from another angle and you will understand!
1. If the amount is small, you don’t have to worry too much. You need to first understand the impact of overdue payment on you, analyze the pros and cons, and you will know how to deal with it.
Second, keep repaying, don’t hide, especially if the amount is large, deal with as much as you can handle according to your income capacity!
Third, if you want to negotiate, you must find a department in charge of the bank. You cannot negotiate with customer service. The role of customer service is only to send messages and inquiries, and they cannot give you answers!
Fourth, when you have collected the money, communicate with the bank and strive for exemption or reduction. Many people don’t know how to save money for themselves!
5. If the bank sues, it will be subject to receipt of a summons or court notice. This is also a good time to negotiate.
I am a professional in handling overdue credit card installments. Please advise if you have any questions!
Why do individuals negotiate with the bank for installment repayment after the credit card is overdue? Most banks will not agree? And some fans reported that the bank agreed to give me an installment, but it was an installment with interest and liquidated damages. I felt it was very inappropriate and did not give me interest-free! So why does this happen?
Because there are too many overdue people, it takes a lot of time for the bank to deal with these things every day, leaving no energy to do other things. Moreover, if you are overdue, you will incur interest and liquidated damages. , this way the bank will make a profit, so the bank will not be willing to make installments. Even if it is installment, it will still need to carry interest and liquidated damages! Because it is the personal fault that the individual is overdue, and there is no capital for negotiation!
So why are some people’s installments interest-free? Is there some way that we don’t know about?
This is actually the case. After the debtor’s personal negotiation fails or the installment carries interest and liquidated damages, he will definitely find other ways to deal with it. So these interest-free installments mean that the debtor has found the right method, and then Reach a valid repayment agreement. So some people asked what this method is?
This method is to solve the problem through legal means. If personal negotiation fails, we will find stronger people to solve the problem, complete the reorganization, re-staging, reduce stress, find ourselves, regain confidence, and work on time. Keep your promise, return to normal life, avoid the trouble caused by overdue, the best way to go ashore! People who are in debt now know why others can do it but you can't. It's just that the method is not right!
I hope this answer can help those in need!
I am Xinqi Financial Planner, and I will answer this question.
Xinqi used to be a member of the risk department of a joint-stock commercial bank, and had handled hundreds if not thousands of overdue credit card cases. Of course, we have also received many work orders asking for negotiation to reduce or reduce credit card repayments. Among them, there are three situations where we will most likely not accept the negotiation application.
Here we have to mention the issue of standards. Maybe for our ordinary customers, a few thousand yuan overdue is a "big amount", but for commercial banks like this For an organization that handles tens of billions of dollars every day, a credit card debt of several thousand dollars is really nothing. On the backend operation side, we will use the industry's core system to filter out a batch of work orders with small amounts and short overdue periods. The specific standards involve industry regulations, so we will not go into details. Because the overdue situations in this part of the list are relatively minor, commercial banks judge that the debtor has the ability to repay, and therefore will not agree to negotiate a reduction or exemption.
This type of situation is mainly for customers who have been overdue many times and have low creditworthiness. Some of them may be overdue many times, fail to pay back their money for a long time, and ignore the bank's demands. They are regarded as malicious defaulting customers within the bank. Or there was a large amount overdue before, and the bank has agreed to reduce the amount, but the overdue situation occurs again. 99% of overdue work orders with such characteristics will not be accepted for negotiation unless there are extremely special circumstances.
There is another reason that is more utilitarian, but it is also the actual situation. We have assessments on overdue credit card delinquency rates and overdue amounts. Generally speaking, as long as this year's delinquency rate indicators have been completed, we will not consider most applications for exemption or reduction. Because once the task has been completed, there is no incentive to spend a lot of energy negotiating with the cardholder. Secondly, if the non-performing amount reduced this year is too large, next year's target may not be achieved. This is just a reality.
With the development of the national economy, social consumption concepts have undergone tremendous changes. Pre-consumption has become one of the current mainstream consumption methods of the public, and credit cards are one of the important tools for this consumption method. It has become normal for people to hold one or several credit cards. However, many people lose control of their credit card overdrafts and exceed their ability to repay, causing the credit card to become overdue. Then they want to negotiate with the bank, but to their disappointment The bank firmly disagrees, so why does the bank have such an attitude? There are mainly the following reasons:
The purpose of credit cards is mainly for advance consumption or emergency use, so banks have set up an interest-free period to give cardholders a certain amount of time to prepare funds. The repayment can be made on the repayment date, but if the cardholder does not repay on the repayment date, it will become a default, and the cardholder's behavior is a breach of contract and violates the spirit of the contract. At this time, negotiate with the bank. The bank disagrees because the bank only wants to collect all the credit card arrears as agreed. The cardholder's default is the cardholder's business, but the bank does not want to break this routine. It must be repaid as agreed, which is the principle that the bank adheres to.
Agreeing to negotiate with the cardholder means that the bank has made concessions, and it also means that the bank has compromised for the sake of money. This will have a certain impact on the bank's future collections if word spreads. If everyone thinks that the bank is doing it for the sake of money, To be able to recover credit card arrears, compromise with the cardholder and agree to negotiate. Everyone comes to the bank to negotiate after defaulting. If there is no negotiation and no repayment, it will make collection difficult. Therefore, the bank must adhere to its own principles from the beginning. Allow cardholders to repay as agreed.
In addition to the interest difference between deposits and loans, part of the bank's income comes from credit card interest and late payment fees. We all know that overdue credit cards will generate a certain amount of interest and late fees, and the overdue interest on credit cards is Very high. If the cardholder negotiates with the bank to reduce or reduce part of the interest or late payment fees after the due date, the bank is unlikely to agree. According to the agreement, the bank's charging of overdue interest and late payment fees is legal and compliant, and there is no reason to reduce or reduce it to the cardholder. Moreover, this part of interest and late fees is one of the banks’ sources of income.
If everyone negotiates with the bank after overdue payment, and the bank agrees to waive interest or late payment fees for cardholders, the bank's income will be reduced accordingly. Then the bank will definitely not agree, and of course the cardholder will not pay back the arrears. Banks will also suffer losses due to payment and interest as well as late payment fees. However, banks still have means to target cardholders while adhering to principles, and this means is the third reason we want to talk about.
An overdue credit card will not only blacken the cardholder's credit report, but the bank can sue the cardholder after a certain period. Generally speaking, if the bank has not repaid the loan for more than three months after two effective collections by the bank, , banks can sue. If the cardholder's overdue amount exceeds 50,000 yuan, and the bank's collection fails, the bank can also report the case and arrest the cardholder. Therefore, if the bank does not agree to negotiate and the cardholder continues to default and refuses to repay, The bank can only sue the cardholder, or report the case and arrest the cardholder. Regardless of whether it is a prosecution or a report, the consequences for the cardholder will be serious.
Once the bank sues and the cardholder still fails to repay the loan, the court will include the cardholder on the list of dishonest persons subject to enforcement. The cardholder will then become a dishonest person, and his travel will be restricted and he will not be able to fly. and high-speed rail, high consumption is not allowed, the cardholder's children cannot go to private schools, and the children cannot apply for civil servants or public institutions after graduation, which has a major impact; if the cardholder defaults on more than 50,000 yuan and the bank reports the case, the cardholder will inevitably have to stay in jail Several years in prison.
In summary, after some credit card overdue negotiations with the bank, the main reason why the bank will never agree is that the bank needs to adhere to its own principles and consider its own income issues. At the same time, there are laws and regulations. Escort its collection.
Negotiation after negotiation, you still have to repay the loan, but the amount is different. The staff will not get any benefit from you by helping you negotiate. In addition, they need to report it to you at all levels. I also need to cooperate with them in providing some things such as poverty certificates and disease treatment receipts, so I have to pay attention to giving them hints from the beginning. There will be a certain fee after the work is completed, and things must be done cleanly and in place, otherwise others will not come on board. Seriously, some guys owe a lot of debt to the bank, and the bank's collection staff also have to eat. They don't give any benefits, and they always expect others to handle it fairly. It's simply unrealistic to consider you, and things won't get done in the end.
You have not grasped the point of the problem. When I was in junior high school, I studied the modern history of the world. When the economic crisis occurred, some farmers would rather pour milk into the river than sell it cheaply to the poor who are hungry. I was very confused at the time, no matter how much money I sold, I could still get some money back.
Once a customer's credit card is overdue, the bank will immediately pressure the borrower to repay the loan as soon as possible through text messages, phone calls, manual collection or legal collection. Deposit and interest.
However, many people are unable to repay the principal and interest in full due to excessive debt, not to mention penalty interest. I was thinking about negotiating with the bank to waive part of the interest and penalty interest, and extend the repayment period so that the borrower would have enough time to raise funds to repay the principal.
Ordinary people will think: Since we really encounter difficulties, it would be good to be able to repay the principal. Why are the banks still holding on to interest and penalty interest and not letting go? Aren't you afraid of forcing the borrower to pay back even a penny?
As far as a single customer is concerned, the bank may have concerns. If the debt is pressed too hard, the customer's mentality will collapse, and the customer will break the bank. At that time, he will not even be willing to repay the principal.
However, as an industry dealing with currency risks, banks will not fail to do market predictions and data analysis. Policy formulation is not aimed at you alone, and policies will not be changed because of you alone.
If a bank decides to exempt or reduce interest or part of the principal for an overdue customer, other overdue customers will rush to imitate the bank's easing of policies, so that those who originally had only temporary financial difficulties will Customers who have the ability to repay in the later period will insist on not repaying until banks take the initiative to relax policies and provide relief. This will create a policy gap in the entire industry. It is easy to open the gap but difficult to close it.
Unless you never deal with banks in your life, your immediate family members will not buy a house, join the army, or take the civil service examination.
The amount of overdue credit cards is generally not too large, ranging from a few thousand to tens of thousands. As long as anyone is willing to repay, it is not difficult to pay off a debt of tens of thousands of yuan within one or two years.
To put it bluntly, the bank is not afraid that you will not repay, so it will never relent on the issue of penalty interest reduction or exemption.
There are similarities and differences between overdue credit cards and overdue bank loans.
Many bank loan amounts are larger than credit card amounts, ranging from tens of thousands to millions and tens of millions. Once ordinary people or companies encounter operating difficulties and the capital chain is broken, it is not easy to fill the hole in the short term. Therefore, when banks encounter large borrowers who cannot repay their loans on time, they will make plans in advance: either Needless to say, interest and penalties are exempted and exempted when the loan is extended, restructured or exchanged. Help customers tide over difficulties as much as possible and repay huge loan principals.
When a credit card is overdue, thinking from the perspective of the overdue person means that there is nothing you can do about it. There are reasons for it. I hope the bank can extend it and pay it back slowly later, or pay it back within a grace period. . But from the bank's point of view, you owe money. Before using the credit card, you agreed to pay off the debt within the specified period, but you failed to do it. The bank agrees to let you extend the payment, but it cannot guarantee that you will pay back the money. I disagree. Delayed, banks can still make a profit.
Most banks disagree mainly because they want to recover the debt as soon as possible. If you are overdue, you will naturally be charged interest and late fees. They are not worried about you not paying back the money. Even if you don’t pay back, the bank will Various methods are available for you to repay the money, resulting in many people eventually paying off this debt.
1. The bank can charge you interest and late fees. If you are overdue, the bank will charge you interest and late payment fees. Interest is the daily interest on the debt you owe and the late payment fee is a penalty for paying your debt every month. Then you don’t have to pay it back, the bank will continue to collect it, and even the principal and interest will be taken back from you later.
2. Banks can collect debts through collection companies. The collection company can call you frequently, and can call your phone contacts to tell you that you owe money to others. As far as the bank is concerned, they don't need to do anything. The collection company will bother you to take the initiative to repay the money. If you can There are other ways for banks to avoid having to pay debt collection companies.
3. Credit reporting will always be with you. After the overdue period, the credit report will remain there until you pay off the debt one day, and it will be automatically cleared after five years. If you do not repay the money at this time, the credit report blacklist will make you difficult to deal with later loans and other consumption. Being blocked will add a lot of inconvenience to your life.
4. The bank will sue you. If the previous methods do not work for you, the bank will start to sue you, and then the court will freeze the assets. There may be a risk of criminal penalties in the later stage. At this time, it is more serious, and you face the risk of going to jail because of the credit card issue and failure to repay the debt.
In short, the reason why the bank disagrees is because there are above-mentioned procedures for debtors to repay. The worst is to deal with bad debts, but if the debtor cannot repay in time, it is obvious that these procedures will It's enough of a headache. The reason why I disagree with the negotiation with the bank is that many bank staff will not go through this process for fear of trouble. The best way is that the debtor can find a way to raise funds among relatives and friends to return it to the bank first, and others will be slower later. Slow is more appropriate.
First, the bank is a credit institution, in other words, an organizational institution. Someone will be responsible for collection after you are overdue, but someone will decide whether to negotiate with you or not. In fact, it has its own regulations that can be negotiated. It’s just that there won’t be much benefit to the bank after negotiation, so why should we agree?
If everyone can negotiate, then it will be difficult for the bank to manage accounts receivable after everyone negotiates! So unless the relevant departments intervene, they will not agree.
Second, if you are overdue, you will be charged interest and liquidated damages. The interest rate is 0.05% per day, and the minimum penalty for liquidated damages is 5% per month of the unpaid portion. Why should I negotiate with you if I have money to make?
Third, the impact on you after overdue is that the credit report record will always exist. Unless you do not need credit reports in your life and the collection is outsourced, they only need to ask the third party for the results, and it will not affect them much. salary.
Fourth, banks will set aside provisions for bad debts. If they cannot be recovered, they will be written off internally. Anyway, bad debt provision is to deal with these problems.
He is not worried about what impact you will have if you don't get married, hundreds of billions of profits a year!
Fifth, if it really doesn’t work, the bank can still sue and use legal means to collect the money. If you don’t pay back the money after suing, you will be included in the list of defaulters, which will have a very big impact on you. When you have money, you will I will pay it back myself!
It is natural to pay back debts. If the cardholder fails to fulfill the agreement, the bank can negotiate and collect the money according to the agreement. You must have a positive attitude. If you are short of funds, you can delay the repayment for a few months and pay corresponding penalty and interest. , and there are also collection calls from the bank? There will be overdue records in the credit report.
My credit card is overdue. Why do I negotiate with the bank for repayment, but the bank refuses to agree?
The reason is very simple. Although debtors are really in difficulty and funds are tight, banks also need to make profits to survive. If every debtor follows suit, then the bank will not be able to withdraw funds normally. How to maintain Operational?
So, how can we solve the problem when personal negotiation has little effect?
Debt restructuring is a legal way to help overdue credit card debtors solve the fundamental problems, stop the hassle of collections, avoid being sued and bear unnecessary criminal liability, negotiate installment repayments, and reduce or reduce installment procedures. fees and liquidated damages.