Benefits of applying for suspension of interest rates:

First: the penalty interest can be reduced or reduced, and you do not have to bear the high penalty interest that has already occurred.

Second: Stop interest. There will be no interest increase for up to five years. The principal will be repaid every month.

Third: No more debt collection or prosecution.

Fourth: You can make a fixed small amount of repayment every month. You no longer have to worry and fear, and you can free up more experience to work hard.

The dangers of suspending pending accounts.

First: After the negotiation is successful, a fingertip will appear on your credit report, which means that you are basically insulated from all the bank's loan business and credit cards.

Second: After the negotiation is successful, there cannot be another overdue period, because once it is overdue, the previous agreement will be invalid, and interest will be compounded based on the amount before the negotiation, so during the negotiation , you must consider your ability to repay, and do not blindly reach this agreement.

Extended information:

1. What is suspension of accounts?

For credit cards, the bank has a business called interest suspension. When the credit card is overdue, you can negotiate with the bank to suspend the interest suspension. The interest suspension is also called the second installment or personalized installment, which refers to the credit card. When the cardholder is unable to repay after the credit card expires, the cardholder and the bank will reach a new, personalized installment repayment agreement, and the fixed limit, temporary limit and reserve fund in the credit card will be re-formulated and re-established. Installment, a method of repaying the loan on time every month, can be repaid in 60 installments up to 5 years.

2. How to apply for suspension of interest rates?

1. To suspend the interest rate and suspend the account, the user only needs to call the bank customer service hotline and directly apply for the suspension of the interest rate and the account. However, you can only apply for a suspended interest payment if your credit card is overdue, and you cannot apply before it is overdue. If the credit card is not overdue, the user can make the minimum payment to avoid overdue payment, so it is best to choose the minimum payment, because this will not affect personal credit.

2. Even if the application for suspension of interest and account suspension is successful, the credit card has already generated an overdue record. The overdue record will lead to a bad personal credit report, and you will not be able to handle other credit services in the future.