1. How long will it take to negotiate the principal repayment of a credit card overdraft?

1. If a credit card overdraft takes 3 months, the principal will be negotiated. If the credit card is overdue, I want to Negotiate repayment with the bank. The first thing to do is to actively negotiate with the bank. Show that you are experiencing financial difficulties and are not overdue maliciously. Then submit the materials proving financial difficulties, such as unemployment certificate, critical illness diagnosis certificate, disability identification certificate, etc. The bank will review the materials after receiving them. The materials are authentic and correct, and the situation described by the user is true. The bank will consider negotiating repayment as appropriate.

2. Under such circumstances, if the debtor is sincerely willing to repay, he should take the initiative to negotiate with the bank, especially in the first three months of overdue, when most banks have not yet When a case is handed over, there should be as much negotiation as possible. The first is the petition. Based on your actual situation, such as failure to start a business, or misappropriation for urgent needs, etc., you can negotiate with the bank as much as possible for these objective reasons, analyze your true situation and try to reach an understanding with the bank as much as possible. On the one hand, If you not only express your willingness to repay the loan, but also provide a reasonable explanation for the reason for the overdue loan, it is still possible to reach an installment.

Article 70 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" stipulates that under special circumstances, 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-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum period of a personalized installment agreement shall not exceed 5 years.

2. What should be paid attention to when negotiating repayment

1. The attitude must be good. Because we are negotiating repayment, not demanding repayment. Negotiations will be much easier if you have a good attitude. If you don’t have a good and sincere attitude, no one is willing to listen to your voice, and the same is true for negotiating repayment.

2. You must have practical repayment ability. You must make reasonable repayment requests based on your own income and amount of debt. You must know that once you sign a repayment agreement, you cannot default twice. If you default, it means that your negotiated repayment has failed, and there is no chance to come back.

3. When negotiating with the card-issuing bank, you must truly tell your situation. No matter what difficulties you encounter or what reasons lead to your repayment, how much your monthly income is, how much money you need to repay every month, etc... truly express your repayment ability and status quo.

4. Never avoid arrears, do not avoid reminders, and do not allow yourself to cause apparent loss of contact. Once you have these negative repayment facts, it is difficult to negotiate, and it is difficult to get corresponding assistance for your performance.

If there are any unclear or new situations, we recommend that you call us directly for free consultation so that you can understand the communication case situation and provide you with detailed and targeted answers to avoid problems due to incomplete information and poor communication. , the answer is wrong. I wish you success in safeguarding your rights.