What does it mean that the traffic credit card is overdue?

1, credit card suspension actually means that after the credit card is overdue, the cardholder can negotiate with the bank so that the arrears will no longer generate cyclic interest. However, the original interest will not be eliminated, and it will still be hung on the cardholder's account together with the principal in arrears. Cardholders need to negotiate with the bank on how to repay the principal and interest owed. If the cardholder feels that the amount owed by the credit card has exceeded his repayment ability, he can contact the bank to apply for stopping interest payment.

2. Ordinary banks will agree to suspend their accounts and pay interest, but this does not mean that this behavior is worth promoting. Because this kind of behavior will bring bad influence. Because the stop-loss account will appear on the credit report, then the lending institution can see it. After reading the credit report, the bank will find that you have a record of stopping paying interest, and will judge that your repayment ability is insufficient, so it will not give a loan.

Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks stipulates that under special circumstances, if it is confirmed that the amount of credit card arrears exceeds the cardholder's repayment ability and the cardholder still has the willingness to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.

Bank cards include credit cards and debit cards. In modern society, bank card is a common way to replace cash payment. The difference between a credit card and a debit card is that it can be overdrawn. But there will be credit card problems in the process of credit card overdraft. In order to solve the credit card problem, attitude is the most important. As a cardholder, it is necessary to show a positive willingness to repay and negotiate a good repayment plan, depending on the way and amount of repayment. Of course, there are specialties in the industry. Cardholders who want to know more about the situation can contact a professional creditor's rights protection team for consultation.