The maximum period shall not exceed 5 years.

According to information from Toutiao.com, personalized installment means that if it is confirmed that the amount of credit card debt exceeds the cardholder’s repayment ability and the cardholder is still willing to repay, the card issuer can negotiate with the holder. Cardholders negotiate on an equal footing to reach a personalized installment payment agreement, and the maximum term shall not exceed 5 years.

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.