1. Can you repay in advance if the credit card installment interest rate is suspended?

1. It is possible to repay in advance. You must know that if you repay the loan in advance, the bank can collect the debt sooner, and the risk of bad debts will be very low. The bank is not a fool and will definitely be happy to handle it for you.

2. However, early repayment after the credit card interest rate is suspended should be similar to the early repayment in installments in the credit card bill. It must also be applied to the bank and repaid after the bank agrees.

2. What are the consequences of not paying off your credit card?

1. Constantly being urged by bank collection officers.

When the repayment period is up and the lender fails to repay, the bank staff will use various methods to collect the payment. Failure to repay the loan will have a great impact on the work and life of the individual and his family.

2. Reduce personal credibility.

Bank loans determine whether the applicant can apply for a loan based on his/her personal credit. The credit card borrower's inability to repay the loan will reduce the bank's personal reputation and affect future credit card applications at the bank.

3. Interest is increasing.

Loans generally carry interest. If the borrower never repays the money, the interest on the credit card loan will increase.

4. Enforced execution of property under one’s name.

If the credit card borrower cannot repay a large amount, the bank can apply to the court to enforce the property in the name of the credit card borrower, and can conduct auctions of properties and cars in the name of the lender.

If there are any unclear or new situations, we recommend that you call us directly for free consultation so that you can understand the communication case situation and provide you with detailed and targeted answers to avoid problems due to incomplete information and poor communication. , the answer is wrong. I wish you success in safeguarding your rights.