If the credit card is overdue, you must pay the minimum repayment amount before you can apply for personalized installment. The minimum repayment amount is before the credit card repayment date. If you don't have the money to repay in full, you can pay 10% of the arrears first, and pay the rest slowly. The daily interest of the minimum repayment amount is calculated at 0.05% of the total bill, which is equivalent to the annual interest 18%. As long as you choose the minimum repayment amount, it means that the immediate interest-free period is gone, and the interest is calculated from the day after you swipe your card. It's best to pay off the credit card in full and on time, otherwise the interest is really scary. Therefore, the repayment pressure can be alleviated by personalized installment.

After the credit card is overdue, you need to first calculate the installment period that you can bear, take the initiative to contact the bank to negotiate repayment, and tell yourself that the negotiation is well-founded and there are laws to follow. After the bank agrees to negotiate the installment, the number of repayment periods and the repayment amount will be determined. After confirmation, you can sign a repayment plan through the bank and start formal repayment.

The condition of personalized credit card installment first requires that the applicant should be at least 23 years old and under 60 years old, and the applicant should be a person with full capacity for civil conduct; Secondly, the applicant should have a stable job and income, stable economic conditions and sufficient repayment ability. The cardholder is overdue, but it still cannot be settled in one lump sum. The applicant has carried out real-name authentication on the mobile phone number, and the authenticated mobile phone number has been used for more than six months, and the applicant should also agree to read the mobile phone address book.

If the cardholder is unable to repay the credit card debt, he can negotiate repayment with the commercial bank and sign a personalized installment agreement to repay the credit card debt for up to five years. The conditions for personalized staging are still very strict. Mainly due to some force majeure, one is to ensure that the cardholder's debt exceeds the repayment ability, and the other is to have the willingness to repay and cooperate with the bank for collection.

Personalized staging can help cardholders pay off their debts as soon as possible, but it is still very harmful to credit reporting. The credit information of the cardholder will be recorded as suspended and suspended. People with such credit records, whether applying for a credit card or a loan, will be rejected at the first time, and it will take another five years to resume credit reporting after paying off their debts in installments as stipulated.