First, you should contact the credit card issuing bank as soon as possible to explain your overdue situation and express your willingness to apply for installment payment. You can apply by calling the bank's customer service phone or logging in to online banking.
The specific steps are as follows:
1. Understand the installment policy: Before applying for installment, you should know the installment policy of the bank, including installment interest rate, installment period, handling fee and other related information.
2. Submit an application: apply for installment payment by telephone or online banking, and fill in the relevant application forms as required.
3. bank review: the bank will review the overdue records and decide whether to approve the installment application according to the individual's credit status and repayment ability.
4. signing an agreement: if the application is approved, the bank will send an installment agreement, and the applicant needs to read and sign the agreement carefully.
5. installment repayment: once the installment application is successful, the applicant needs to repay by installment according to the repayment method and time agreed in the agreement. Usually, you can choose a fixed monthly repayment amount or a number of schedules to repay.
To sum up, the operating steps of overdue credit card installment payment are: understanding installment policy, submitting application, bank review, signing agreement and repaying on time. In the whole process, the applicant needs to maintain good communication and abide by the repayment provisions of the installment agreement, so as to pay off the arrears as soon as possible and restore a good credit record.
Extended information:
1. Installment interest rate and handling fee: Different banks have different installment interest rates and handling fees. Please consult the specific fees and policy information before applying.
2. Impact of overdue on credit record: overdue will have a negative impact on personal credit record, which may affect future loan application and credit card quota acquisition.
3. prepayment: if you have the ability, you can consider prepayment to reduce the total interest expense.
the above is a detailed explanation about the installment operation of overdue credit cards. I hope it will help you.