Even if customers directly apply for interest-free, most banks will not agree. If the customer fails to repay the loan temporarily, he can try to extend the repayment period and repay the arrears in installments while applying for suspension. In this regard, the bank will consider it as appropriate.
As long as the customer does not intend to repay, but does not have the repayment ability, the bank may agree, and then the customer can repay on time according to the repayment plan newly negotiated with the bank.
Of course, it is best for customers to avoid overdue situations and develop a good habit of repaying loans on time. If you find that you can't pay off the bill in full, you can actually apply for the bill installment before the repayment date, or pay back the minimum repayment amount of the bill first.
If the credit card is overdue, it is impossible to negotiate interest reduction, and the customer can't help it. After all, banks charge a penalty interest at a daily interest rate of five ten thousandths. In the normal interest rate range, there is no violation, so it is very difficult to directly interest-free.
However, customers can try to apply for interest suspension. If the application is successful, although the interest generated before can not be exempted, at least the arrears do not bear interest, which can also reduce the repayment burden of customers.
Of course, it is best for customers to pay off their debts as soon as possible. The sooner they pay back the money, the less overdue penalty interest will naturally be. Even if you can't pay it back for a while, you can try to pay it back. If the total overdue amount is reduced, the interest will be less.
Of course, customers who can't pay off in the short term should take the initiative to contact the bank's customer service to negotiate, try to apply for an extension of the repayment period and repay the arrears in installments. Banks know that customers are willing to repay actively and will not sue customers easily. Generally overdue for more than three months, the bank has the right to sue. Therefore, customers must not directly evade overdue repayment.
After the overdue credit card is sued by the issuing bank, as long as it is not accepted by the court, it is still useful for the customer to repay. The customer will pay off the overdue debt before the court accepts it, and then the issuing bank will naturally withdraw the lawsuit.
If the court has made a judgment, the customer can pay off the debt as soon as possible, fulfill the repayment obligation, and avoid the possibility of being included in the list of untrustworthy executors by the court. You know, once you become a faithless person, your daily consumption and travel will be restricted, let alone start a new credit business.
Even if the customer can't pay the debt for a while, he should find a way to pay it back. He can take the initiative to contact the issuing bank to negotiate, try to apply for extending the repayment period, repaying in installments or stopping repayment, and let the bank know his willingness to repay voluntarily. If banks negotiate with customers, they will naturally not sue customers again.
In fact, if the customer has no money for the time being, he can also try to borrow money from relatives and friends, and then return the credit card first.
Related Q&A: Does CCB credit card reduce some overdue penalty interest? CCB's credit card will not reduce part of the penalty interest if it is overdue. Interest will be reduced only during the interest-free repayment period. The interest-free period of consumer transactions enjoyed by cardholders who repay in full on time is from the bank bookkeeping date to the repayment date, with a minimum of 20 days and a maximum of 50 days. Overdraft cash withdrawal transactions do not enjoy interest-free repayment period. If the user fails to repay before the due repayment date or the repayment amount is lower than the minimum repayment amount, the Construction Bank will charge interest as required, and will also charge a late fee of 5% for the unpaid part of the minimum repayment amount. Note: the consequences of overdue repayment of credit cards are serious, and overdraft consumption should be moderate. Although the biggest feature of credit card is overdraft function, it actually constitutes the loan relationship between customers and banks. Failure to repay at maturity may not only cause legal disputes, but also bear high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life. Extended data:
China Construction Bank Credit