1. Can credit cards be repaid through negotiation when they become bad debts?

For the bad debts caused by arrears, please pay off all the arrears in time, and be careful not to pay any more. Moreover, if the account is cancelled, the bad debt record will not be updated. After successful account cancellation, friends can find that your credit report will no longer show overdue accounts. You can go to the bank to apply for a non-malicious debt certificate, try to communicate with the bank to delete the bad debt record, or wait until the credit record is turned over five years later, which will not affect your loan.

If it is a premium bad debt, the bank will be much more accommodating to the overpaid bad debt. Just take out the extra money and close the account, and then you can ask the bank to update the record.

The good thing about bad debts is that the arrears that have been identified as bad debts are no longer subject to penalty interest. For example, if you have a bad debt of 1 1,000 yuan, you only need to repay 1 1,000 yuan, and no new interest and penalty interest will be generated.

Credit card bad debts are more caused by the cardholder's excessive consumption, which leads to the inability to repay, and finally pushes himself into the situation of card slaves. Rational consumption is the way to use cards! It is expected that cardholders must pay more attention when using credit cards to avoid overdue or bad debts, which will affect credit information.

According to professional analysis, bad debts cannot be repaid in installments. As long as the money goes into the bank card, it will be taken away. It is suggested that before becoming a bad debt, according to your income, you should actively negotiate with the bank to repay by installments to reduce the repayment pressure, and you can communicate for up to 60 installments.

2. What does the penalty interest of credit card mean?

According to the relevant regulations of the People's Bank of China, China's commercial banks will no longer charge overdue credit card fines from 20 17, and will replace them with overdue penalty interest.

Credit card overdue penalty is a kind of punishment for credit card overdue behavior. At present, China's commercial banks charge the overdue penalty for credit cards according to the unified standard of the People's Bank of China, that is, 5% of the overdue amount of credit cards.

Third, how to calculate the credit card penalty?

The specific collection method of credit card liquidated damages shall be subject to the unified charging standard of overdue credit card liquidated damages of the People's Bank of China. At present, the charge ratio is 5% of the unpaid amount, and the penalty is charged.

For example, if the overdue amount of your credit card is 30,000 yuan, you have already caused the credit card to be overdue, which exceeds the repayment grace period tested by commercial banks. If you choose to pay in full at one time, your credit card overdue penalty is 30000% = 1500 yuan. If the overdue interest of credit card is included, your one-time repayment amount will exceed 3 1500 yuan.

Don't panic if the arrears are overdue. The Legal Aid Association will negotiate and a professional team of lawyers will plan the repayment plan for you.