After the credit card is overdue, you may face collection, prosecution, enforcement, and eventually become a defaulter. As long as you are overdue, your personal credit report may be affected, thereby affecting your credit report. Many people want to negotiate with their bank after their credit card expires.
How to negotiate a reduction or exemption for an overdue China Merchants Bank credit card?
If a user’s China Merchants Bank credit card is overdue and wants to negotiate repayment, he should contact China Merchants Bank proactively. First, show that you did not overdue the deadline maliciously and explain clearly the reason for the overdue date. For example, if you are unemployed, unfortunately disabled, diagnosed with a major disease, etc., you can provide relevant certificates for these.
Negotiated installments for credit cards overdue for three months are subject to circumstances. If an individual's credit card is overdue for three months due to inability to repay, he or she can explain the reasons to China Merchants Bank's credit card customer service and apply for negotiated repayment. If an individual has the ability to repay, but the cardholder refuses to repay and becomes overdue when China Merchants Bank's credit card customer service calls for payment, then installments cannot be negotiated.
China Merchants Bank needs to contact the credit card personnel to negotiate the credit card installment. It is generally difficult to negotiate the repayment. If the user fails to return the minimum repayment of the bill in time before the due repayment date, a payment fee and interest will be charged. Affecting the user's personal credit, the full payment fee will be charged 5% of the unpaid portion of the minimum repayment amount. The minimum charge is RMB10 yuan or USD1 yuan. The interest will be based on all consumption in the current period and will start from the accounting date (usually the second day after consumption). Calculated and charged, the interest rate is 0.05% per day until the user repays everything.
Users should note that in order to avoid affecting personal credit, it is recommended to repay the bill on time. If it is not convenient to pay off the bill in full, you can pay off at least part of the minimum repayment amount on time. Overdue credit cards from China Merchants Bank will be handled by a specialized department. It is necessary to contact the customer service department to transfer the user to the corresponding department for assistance in judgment. Since the overdue period of three months is relatively long, the lending bank should have handed over the legal affairs. The user can communicate directly with the legal department of the lending bank.
Users need to call customer service to negotiate. It is best to repay in installments. You can make the situation more embarrassing when calling, so as to increase the chance of successful negotiation. If the negotiation really fails, you can only think about it. You can borrow money to repay the loan, because the longer it is overdue, the greater the impact will be on your credit, and it will also have a greater impact on the subsequent handling of financial business.