Credit card installments cannot be without interest. After installment, the interest and principal must be repaid according to the contract in each installment. There is no interest for credit card installment repayment, but there will be handling fees. For credit card installment repayment, the principal payable per period = total installment amount and number of periods; handling fee per period = total installment amount * handling rate per period.

Solutions to overdue credit card repayments:

1. Apply for negotiated installments.

For users whose credit cards are overdue, the China Banking and Insurance Regulatory Commission will give them the right to apply for personalized installments. Therefore, users can apply to the corresponding bank to repay the current overdue balance in installments. When the repayment pressure is reduced, subsequent repayments will be easier. It should be noted that if a personalized installment plan is reached, no overdue payment will occur again.

2. Repay part of the amount every month.

If the bank does not agree to the user's application for installment repayment, and still fails despite the intervention of the China Banking and Insurance Regulatory Commission, he or she can repay a small amount every month to show that he did not overdue maliciously, but only made repayments. This can also prevent banks from prosecuting users for capital fraud, and they will need to increase their financial resources to pay off the money as soon as possible.

3. Find help from relatives and friends.

Overdue credit cards will not only affect your credit score and increase repayment costs, but will also lead to debt collection or even prosecution, with serious consequences. You can confess to your family, relatives and friends as early as possible and pay off the debt first, and then repay the borrowed funds to relatives and friends later to avoid the increase in debt caused by long overdue time.

Legal basis:

Article 70 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"

Under special circumstances, it is confirmed that the amount owed by a credit card exceeds the amount of the credit card holder. If the cardholder's ability to repay the card is insufficient and the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years.

The contents of the personalized installment repayment agreement should at least include:

(1) Arrears balance, structure, currency;

(2) Repayment Period, method, currency, date and repayment amount of each period;

(3) Whether annual fees, interest and other fees will be charged during the repayment period;

(4) Holding The cardholder shall not apply for a credit card commitment from any bank before all amounts related to the personalized installment repayment agreement have been settled;

(5) Rights, obligations and liability for breach of contract of both parties;

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing business service agency shall stop collecting payments from the cardholder, unless the cardholder fails to fulfill the installment repayment agreement. If an oral repayment agreement is reached, the card-issuing bank must retain the recording materials. The recording data will be retained at least until the date of settlement of the debt.