In real life, many cardholders overdraw their credit cards without restraint. In the end, they are unable to repay due to excessive overdraft, which eventually leads to many overdue cases. In this case, some cardholders will want to negotiate repayment with the bank to see if they can only repay the principal. So, is this approach feasible?
As long as your credit card is overdue, you will no longer be able to enjoy the interest-free period, and interest will be calculated on the full amount from the date of consumption. Even if you only repay the principal and no interest after the expiration date, the interest will still be Compound interest will be generated in a cycle, and the longer the time, the higher the interest will be, so it is necessary to negotiate with the bank to only repay the principal.
Although you can negotiate with the bank to repay only the principal, you need to be prepared for two things and don’t have too much hope. After all, the regulations of each bank are different, but you can follow the small Try the following points introduced by the editor:
1. If the amount owed is not large and the interest generated is not much, there is no need to negotiate this, and the bank will not agree to it, so It’s better not to do this useless work;
2. If the amount of debt is not large, but the overdue time is long and a lot of interest is generated, this situation must be negotiated, and you must pay off the debt. Only in this way can you eliminate your bad credit record. For example, if your debt is only about 2,000, but it is overdue for 2 years, you have to pay back more than 10,000 with interest. This is not a small amount.
3. When negotiating, you should take the initiative to call the bank and talk to the bank with affection and reason. Of course, don’t forget to record the money. Tell the bank on the phone that you want to repay the loan, and then transfer your arrears to the bank. Clearly state the principal and interest accrued, and at the same time indicate your difficult situation. You only have money to repay the principal and no money to repay the interest.
Negotiate interest-free installment repayment: The professional term is called interest-free suspension of accounts. It does not mean where the interest-free suspension is. Interest-free suspension of accounts also requires monthly repayment. According to the "Commercial Bank Credit Card Business Supervision and Administration Measures" No. Article 70 stipulates that under special circumstances, if the repayment amount is confirmed to exceed the cardholder's repayment ability and the cardholder is willing to repay, he or she may negotiate with the card-issuing bank on an equal footing to reach a personalized repayment installment agreement, with a maximum period of no more than 5 years. .
If your credit card is overdue and you can't pay it off at once, let me teach you a 100% effective negotiated repayment method:
First of all, shortly after it is overdue, you take the initiative to call the bank Say hello to a certain bank, who am I? Due to some reason recently, it has been overdue. I am temporarily unable to repay it in one lump sum, and I can't even afford it at the minimum. What is my current income, except for necessary living expenses? , how much money can you still pay every month?
So based on my current situation, I would like to talk to your bank about whether you can negotiate a personalized repayment method for me to repay the loan. I am indeed in a special situation, and I know the consequences of overdue credit reporting. The impact is also huge. You must sincerely explain the reason for the debt, as well as the relevant supporting materials. I can send it to your bank through an email.
I can give your bank my debt status, income status, and credit report arrears status on other platforms to prove that what I said is true. My request now is that Divide it into as many installments as you can, and guarantee that you can repay it before the 30th of each month. If you communicate with the bank in this way, will it greatly increase the success rate of negotiation? This installment must be reasonable and cannot be excessive. A plan that is acceptable to you and acceptable to the bank.
For example, if you owe 50,000 yuan, repay it in 24 installments, with a monthly repayment of 2,083 yuan, then this is a reasonable requirement.
Or you owe 100,000 yuan to your credit card, divided into 36 or 48 installments, which is also a reasonable request. The monthly repayment is about 2,777 yuan or 2,083 yuan.
Weixing Sougong Zhonghao: Xiecheng debt clearing, focusing on actual cases of overdue credit cards, interest-free installments, and personalized installments.