Suspension of debt and overdue credit will have an impact on personal credit, which will produce a series of negative consequences.

1. Although you may not be overdue after the interest rate is suspended, you are still a dishonest customer in the eyes of the bank, and you will be rejected for credit cards, bank loans and other businesses.

2. Credit card limit increase will be rejected. In the same way, some banks will check the credit report for limit increase, that is, post-loan management, and your credit report shows suspended interest and debt. , indicating that your repayment ability is not good, so naturally you will not easily increase the limit, and may even reduce it.

3. After suspending the interest rate and suspending the account, you must repay the loan on time as stipulated in the agreement. Otherwise, overdue payment will affect your credit report and be collected by the bank.

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It is normal for overdue debts to be collected, but if the collection behavior has violated the collection regulations and violated the law, you must use legal means to resolutely safeguard your legitimate rights and interests. Keep relevant evidence, call records, call recordings, etc., and file a lawsuit with the relevant department or the local court.

Then again, you can actually avoid being harassed by debt collectors if you are overdue. If your credit card is overdue and you really can't pay it back, you can negotiate with the bank for personalized installment repayment, which is commonly known as "interest suspension" Account pending." As long as you are unable to repay and are willing to repay, you can negotiate with the bank to suspend the interest rate and pay for a personalized installment with a maximum score of 60. After reaching a personalized installment agreement, the bank will no longer collect debts from you. As long as you can make money and repay the debt with peace of mind, However, suspending interest payments is the best way to stop losses after your credit card expires.

The best way to deal with an overdue payment is to actively negotiate with the bank to suspend the interest rate and repay the loan in installments. After reaching an agreement with the bank to suspend interest rates and suspend debt collection, the bank will suspend interest collection and will not sue. It can also repay the debt in up to 60 installments over a five-year period. This is the best way to stop losses for debtors. If an agreement cannot be reached to suspend interest rates and suspend debts, in addition to rising interest penalties every day, there will also be constant harassment from debt collectors.

How to negotiate with the bank to suspend the interest rate and hang the account, and re-instalment:

Most people negotiate with the bank to suspend the interest rate and hang the debt, but they are rejected because the cardholder does not understand the basis and negotiation basis. Skill. According to Article 70 of the "Regulations on the Supervision and Administration of Credit Cards of Commercial Banks", when it is confirmed that the cardholder is unable to repay in one go, personalized installment repayment can be negotiated friendly and equal with the cardholder, and the maximum repayment period shall not exceed 5 years. This is the basis for negotiation. However, this basis is not a hard and fast rule. The bank still has the initiative to decide whether to suspend the interest rate or not, so the cardholder also needs to have certain negotiation and communication skills. When negotiating with the bank, the bank will refuse for various reasons. It depends on how the cardholder responds

It is not difficult to negotiate with the bank to suspend the interest rate and debit balance, as long as you follow the relevant regulations and have certain negotiation skills , it is 100% sure that you can reach an agreement with the bank to suspend the interest rate.