What most cardholders may not know is that some debtors can apply for installment after the bank card expires. As long as those who meet the requirements are overdue, they can apply for installment. The installment after the credit card is overdue, also known as personal debt restructuring, can help debtors to be within their repayment ability. Then, can CCB apply for installment if its credit card is overdue for one year?

can CCB apply for installment if its credit card is overdue for one year?

According to the regulations of CCB, it is not allowed to apply for installment if the credit card of CCB is overdue for one year. If the overdue period is too long, the bank has the right of compulsory deduction, that is, if there is a passbook in CCB, then the money can be deducted directly from the passbook. This function will only happen when the overdue period is too long. Overdue means that the debtor's credit has been damaged, and the bank's trust in it will be reduced. It is believed that re-staging will not only lengthen the time for collecting money, but also increase the risk of bad debts and failure to collect money.

The original intention of issuing credit cards by banks is to make profits. The profit of credit cards includes interest, annual fee, handling fee for cash withdrawal, installment interest and handling fee, penalty and penalty interest. If the cardholder is overdue, he needs to repay in time, which will affect the applicant's personal credit record.