Legal Subjectivity:

Article 70 of the Commercial Bank Credit Card Supervision and Administration Law stipulates: Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability, and If 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 the personalized installment repayment agreement shall not exceed 5 years. Legal objectivity:

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

Article 70

Under special circumstances, it is confirmed that the amount owed by a credit card exceeds the amount owed by the 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 may negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of the personalized installment repayment 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;