1. How to apply for suspension of interest rates on bank credit cards?

1. Application method for credit card suspension and suspension of accounts

(1) Bring your ID card, credit card, and materials that can prove your financial ability, such as: work status, income and property in your name, etc. Apply at the bank branch counter and explain the situation to the staff.

(2) After submitting the materials, wait for the bank’s review notice

(3) If the bank does not approve, call the China Banking and Insurance Regulatory Commission and ask them to intervene. If the bank still disagrees, continue to call the bank. Call the China Insurance Regulatory Commission to make a complaint. After multiple applications, you may be successful.

2. Credit card interest suspension

Credit card interest suspension means that when the borrower is temporarily unable to repay the loan and interest due to some special reasons, the bank will suspend interest on the borrower's account. , no interest will accrue after the interest is suspended, but the previous arrears and interest need to be repaid in installments.

(1) Conditions for suspension of credit card interest rates: the borrower needs to have a willingness to repay, not a pretentious willingness to repay

(2) The borrower needs to maintain good credit, and cannot Because if you can't afford it, you won't pay it back even once. Even if you can't afford it, you should try your best to pay it back. If you apply for a moratorium on outstanding debt later, others will agree to it.

2. What should I do if I owe 280,000 on my credit card?

1. Use the minimum repayment function.

Every bank has a minimum repayment function. As long as the minimum repayment is paid, the bank will not charge late fees and will not affect your personal credit. However, interest will be charged for repaying the minimum, which is 50% interest per day. Therefore, as long as you repay the minimum, although the pressure will be reduced, compound interest will occur, which will be relatively troublesome, and it can only be used as a temporary delay.

2. Use the installment function.

If you are under repayment pressure, you can directly apply for bill installments. Generally, banks provide 3, 6, 9, 12, 18, and 24 installments. You can choose installments according to your repayment ability. The number of installments can alleviate the repayment pressure and will not affect your credit.

3. Change the billing date to extend the repayment period.

The billing time cannot be changed casually. Generally speaking, it can be changed once every six months. Some banks change it once a year, and some banks can only change it once.

4. Take the initiative to explain the situation to the bank and negotiate.

If you are unable to repay the loan for a period of time due to special circumstances such as work, you can take the initiative to call the bank and explain the reason, proving that it is not malicious and that there is indeed a reason. We can discuss whether the repayment can be delayed. Don't change your phone number and ignore the bank. This will destroy your personal credit unless you never deal with the bank again.

Regardless of the reason for the overdue credit card debt, when dealing with the issue of overdue credit card debt, the credit card debtor needs to proactively negotiate with the card-issuing bank, and cannot evade the debt just because it cannot afford to pay it off. The repayment of this debt will not disappear because the credit card debtor evades, but will bring more adverse losses to the debtor who evades repayment.