During the current epidemic, many friends are facing financial constraints. What should I do if I can’t get a credit card at the moment?

Generally, many people will immediately think of bill installments, minimum repayments and other methods.

But some people may not be able to pay their bills in installments, or even pay the minimum payment, so what should they do?

In fact, there is another method called "suspension and suspension of accounts".

What the hell is suspension of accounts? How to do it specifically?

The "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" stipulates that under special circumstances, if the amount owed by the cardholder exceeds its repayment ability, but the cardholder is willing to repay, the bank can negotiate with the cardholder. People negotiate and sign a personalized installment repayment agreement, which can be divided into up to 60 repayments over 5 years.

To put it simply: the bank suspends periodic interest calculation and will deal with the money owed after negotiation. It can also be said to be personalized installment repayment on a credit card.

However, not everyone is successful in their application. This requires the repayer to meet the following three conditions:

1. It is indeed the tightness of the wallet that leads to the failure to repay the loan, but it cannot just be said verbally. No matter how you explain it to the bank, the bank will definitely ask for it. You provide written materials, such as income certificate, property certificate, current debt ratio and other materials to prove that your current repayment ability is insufficient. The bank will verify it after receiving your materials. If there is no problem, there will be no problem in suspending the account.

2. When your credit card is not repaid, you must not disappear. You must maintain communication with the bank. If you break your trust, many subsequent services that are beneficial to you will not be available, and the gain outweighs the loss. It doesn't solve the problem either. If you will be sued by the bank later and then apply for a suspension of interest rates, don't think about it. Don't ask why. This is the most basic trust.

3. We must know that suspension of interest payments is based on the premise that the repayer has the willingness to repay. Although the debt cannot be paid off in full at present, he will always have the intention to repay after it is overdue. This approach It will also be recognized by the bank.

Let’s use an analogy. If there is a Lao Lai compared with a person who has limited ability but is still trying to repay the loan, who will the bank cooperate with? Of course, if these three conditions are met, the suspension of interest rate suspension can generally be successfully processed. However, even if you do not apply for a suspension of interest, you still have to do your best to repay the debt. At least the debt must be repaid in installments over 5 years and 60 installments. This way, even if the installment is suspended, you can avoid being considered malicious. It is very important to bear in mind that criminal liability may apply for overdrafts.