However, the bank will not directly agree, and it needs customer consultation. During the negotiation, the customer should clearly explain to the bank that he is unable to repay the arrears at present, and it is best to provide relevant supporting materials to support his statement. At the same time, express their willingness to repay actively, and let the bank comprehensively consider whether to agree with the customer's application.
In addition to applying for suspension of payment, customers can also try to apply for extension of repayment period or repayment of arrears in installments. If the bank agrees, the customer will not generate new interest, and the previously generated interest and the defaulted principal will be repaid in installments according to the repayment plan negotiated with the bank.
What are the consequences of malicious overdue credit cards?
1. The borrower needs to bear the liability for credit card breach, generally higher penalty interest and liquidated damages;
2. Accept the collection from financial institutions;
3. If the credit card is overdue for 90 days, it may also be sued by the bank.