1. What to do if you are unable to repay your credit card and suspend interest payments?

1. Express your willingness to repay. Applications for suspension of interest payments are often based on your willingness to repay. , but I don’t have the ability to repay in the near future, and I don’t want my credit card to be overdue, so I will apply to the bank for an interest suspension. No penalty interest will be incurred after applying for an interest suspension and hanging the account. Negotiate a new repayment plan with the bank's customer service staff to pay off all outstanding debts. Cardholders must proactively contact the bank's credit card customer service, express their willingness to repay, inform the other party that they are currently in financial difficulty, are unable to repay the credit card, and apply for an interest suspension and pending payment.

2. Usually after receiving a call from the debtor, the customer service will reject the debtor's application to suspend the debt and it often takes multiple calls to negotiate a new repayment plan. For banks, if the debtor does not repay for a long time, the funds owed may become bad debts of the bank. Corresponding policies will be formulated, and customers who meet the conditions can apply for suspension of interest rates.

3. After multiple calls between the debtor and the bank’s credit card customer service staff, the customer service staff will help the debtor apply and negotiate the latest repayment plan. For example, if the overdue amount of a credit card is repaid in 12 installments, the handling fees incurred in the installments can be waived, and the debtor only needs to repay the principal, thus reducing the monthly repayment amount and reducing the repayment pressure.

4. Finally, the debtor needs to repay according to the latest repayment plan negotiated by suspending the loan and not overdue. Overdue will directly affect the personal credit report and will also charge high penalty interest. .

2. What are the solutions to overdue credit cards

1. As a credit card holder, once you are unable to repay the loan on time due to unemployment, illness or other accidents, in the end Before the repayment period arrives, cardholders are advised to proactively call the bank's credit card center to state their financial situation, affirm that they do not owe money maliciously, and apply for delayed repayment and interest discounts.

2. In view of the cardholder’s active performance and previous good credit record, the bank will often agree to defer the repayment, and work with the cardholder to agree on a mutually acceptable repayment plan, delay period, and interest discount , monthly repayment amount, etc. In this way, if you proactively contact the bank and get the bank's consent to defer the repayment, you will not be recorded as a bad record. However, it should be noted that you will be guaranteed to repay as agreed in the future.

3. If you forget to repay due to negligence, you must repay as soon as possible after it is overdue, preferably in full. Then call the bank's credit card center and state that the debt is not malicious. If the record has been good in the past and the overdue time is short, and it is found that the repayment is good after the overdue period, it may not be recorded as a bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notifications and collection information to avoid overdue payments.

4. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. That is to say, bad credit records caused by overdue credit card repayments will be kept in the credit reporting system for two years. If terminated with a card, the corresponding records will no longer be scrolled, but will be saved for a long time. Therefore, after overdue repayment of a credit card, it is best not to cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years and keep your credit in good condition during the period. In this way, you can rely on rolling records to remove bad records from your credit report. Remove it from the system.

Once the credit card is overdue and unable to repay the debt, you can communicate with the bank in time to negotiate repayment, and you can also apply to the bank to suspend the interest rate and pay the debt. When applying for a salary increase and hanging the debt, you need to express your willingness to repay to the bank, and Explain your recent situation. Since you are unable to repay the debt, you have applied to the bank for a suspension of interest rates.