Expert Guide Credit card installments can be paid off in one lump sum in advance, but early repayment is not recommended. If you pay off the credit card in installments in one lump sum in advance, you must also pay the remaining unshared handling fees. If you want to pay off the remaining principal in one lump sum in advance, you must pay off the remaining principal handling fees. In this case, it is equivalent to overpaying. Part of the funds is actually very uneconomical

1. Can credit card installments be paid off in one go in advance?

Credit card installments can be paid off in one go in advance, but it is not recommended to repay them in advance. payment.

If you pay off the credit card in installments in one lump sum in advance, you must also pay the remaining unshared handling fee. If you want to pay off the credit card in one lump sum in advance, you must pay off the remaining principal handling fee. In this way If so, it is equivalent to paying an extra amount of funds, which is actually very uneconomical.

Once you choose a credit card installment, repay the loan on time every month, and praise the records and turnover every time, it will make the bank think that the cardholder has a good repayment ability, which is a very important bonus. Very helpful for increasing credit card limit.

2. Do you still have to pay handling fees for early repayment of credit card installments?

For early repayment of credit card installments, some bank handling fees still have to be paid.

Early repayment by Industrial and Commercial Bank of China and CITIC Bank is free of handling fees. Handling fees already incurred in the early stage are not refundable, and no additional handling fees will be charged for those handling fees that have not yet been incurred.

For Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, China Merchants Bank, Guangfa Bank, Shanghai Pudong Development Bank, Industrial Bank, Minsheng Bank, and Huaxia Bank, the handling fee is collected in installments, even if the cardholder If you want to repay in advance, the handling fee for the remaining installments also needs to be paid as usual.

3. Notes on credit card installments

1. Choose the appropriate installment number: At present, after most credit card installment applications are successful, you cannot cancel or change the installment number. Please prepare your application carefully. Choose, each bank has different fee rate standards, choosing the appropriate period can reduce the fee.

2. Installment will occupy the credit card limit: After applying for bill installment, the credit limit will be fully restored only when the balance is paid off in full. If you only pay off the current installment, you can only pay off the corresponding amount. amount.

3. Installment bills that have been applied for cannot be re-installed: After applying for bill installment, the bill installment that has been applied for cannot be re-installed. In the current month's bill, this part of the payment should be repaid first.

4. You still need to pay a handling fee for early repayment: Regardless of whether you choose to charge a one-time handling fee or a monthly handling fee, if the cardholder repays the loan early, he must pay the remaining principal handling fee.

4. What to do if the interest rate on credit card installment is too high

You can negotiate with the bank to lower the interest and repay in installments.

1. If the debt owed by the cardholder exceeds the current repayment ability, it can be repaid through negotiation with the bank. If you want to negotiate repayment with the bank, the cardholder first needs to express his willingness to repay to the bank to prevent the bank from judging the cardholder's debt as a malicious overdraft.

2. The cardholder will then need to provide proof of his current financial difficulties and then negotiate with the bank. The certificate of financial difficulties can be issued by the village committee, neighborhood committee and other places, and the seal or institutional signature has legal effect. With proof of financial difficulties, cardholders can proactively contact the bank to negotiate and request repayment.

3. The contents negotiated during repayment negotiation are generally the repayment period, repayment method, and repayment date. Cardholders can ask the bank to extend the repayment period and reduce the interest on arrears. It should be noted that the repayment period should not exceed 5 years at most.

The above is an introduction to the relevant content of whether credit card installments can be paid off in one lump sum in advance. If you over-consume during the use of credit cards, you can choose credit card installments to temporarily solve the financial pressure. Once a cardholder chooses a credit card installment plan, it is best to repay on a monthly basis. If the cardholder wants to pay off the loan in advance and all at once, he or she will have to pay the remaining unshared handling fee, which is actually very uneconomical.