The credit card of China Merchants Bank has been postponed for 10 days, which can be personalized by stages. Personalized installment generally refers to the repayment form that the borrower can't repay the credit card for some special reasons and negotiates with the bank in line with his own economic situation. This personalized installment form is to enable borrowers to repay as much as possible, but it does not change its overdue nature.

Advantages and disadvantages of installment repayment

You can buy the goods you want or need urgently under the condition of insufficient cash or deposit, reduce your repayment pressure, spread the consumption amount over three months or even longer, and increase the credit card limit by stages.

In the case of insufficient funds, installment payment will consume in advance to achieve its own consumption goal. Installment payment procedures are very simple and quick, and no third-party guarantee is needed. The date and amount of each installment are fixed, and the details can be understood. Through staging, you can arrange your own economic control reasonably, so that you can know fairly well and pay back the money step by step.

The disadvantage of credit card installment payment is that credit cards need to pay corresponding handling fees. The more installments, the higher the cost, because it needs to be repaid in installments, which increases the monthly overdue risk. Installment payment will make people feel repayment pressure, and stable economic income is more important.