How to negotiate personalized installment repayment with the bank

When we are overdue because we can't open a credit card, but we can't get enough money in a short time, we get more and more collection calls every day, which makes people physically and mentally exhausted. So is there any way to avoid the harassment of collection and let yourself have enough energy to make money and repay? In fact, we can negotiate with the bank to carry out personalized installment, that is, stop paying interest. Of course, we need a good communication method to get the bank to agree. There are four specific steps to negotiate personalized installment:

Many people may only know how much principal they owe and how to calculate the interest, but they are not clear about the liquidated damages after overdue. We need to contact the bank to find out the actual amount of our debts and how much we need to pay back the principal, interest and liquidated damages of our debts. This is for the convenience of making a good budget, but there is also a time limit for personalized staging. The longest personalized staging can't exceed 6, that is, five years. You can negotiate with the bank according to your debt and your monthly repayment ability.

if the credit card needs to negotiate installment repayment, the customer should not directly apply for installment after contacting the bank staff by telephone, but should first explain why he wants to apply for installment, explain clearly the situation that he is temporarily unable to repay, and provide corresponding supporting materials, such as unemployment certificate, proof of termination of labor contract, etc.

while expressing to the bank that you didn't deliberately delay, you can also make it clear that you are willing to repay actively, and finally apply for extending the repayment period and repaying the arrears in installments. In this regard, the bank will consider it as appropriate.

and if the bank finally agrees, the customer can negotiate a new repayment plan with the bank, and then repay the loan in installments on time according to the new plan. However, the bank may refuse. If the negotiation fails, the customer can find another way to raise funds to repay the credit card, such as borrowing money from relatives and friends. In fact, customers can also try to apply to the bank for suspension of interest when negotiating the installment, so as to avoid generating more interest in the future.

how to negotiate personalized installment repayment with the bank?

personalized staging of banks is a term derived from Article 7 of the Measures for the Supervision of Credit Card Business of Commercial Banks. I wonder if you have heard of it. Under special circumstances, when it is proved that the amount owed exceeds the repayment ability of the cardholder and the cardholder still has the willingness to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement, with the installment period not exceeding 5 years.

how to negotiate personalized installment repayment when the credit card is overdue

how to negotiate personalized installment repayment when the credit card is overdue

1. Calculate the installment repayment period that you can bear, and take the initiative to contact the other party to negotiate repayment.

in this step, you need to contact the issuing bank first to find out all the amount and interest you owe at present, and you must also calculate the liquidated damages if any! This is to know your current arrears and calculate in advance how much the minimum repayment period is acceptable.

after the settlement, take the initiative to tell the other party that it is necessary to negotiate repayment, and let the bank negotiation department communicate by telephone. Then wait for the phone call from the bank.

2. Tell the other party that the negotiation is justified and in line with the law.

when you receive a phone call, you must first confirm that the credit card exceeds the cardholder's repayment ability and that the cardholder has the willingness to repay before you can negotiate with the bank on an equal footing.

3. In addition, remember to tell the other party about your special situation at present, such as why you are willing to repay under special circumstances, but you can't repay all of them. If you let go of each other, you will ask for relevant certificates. Be sure to keep records and provide proof materials!

4. The bank agrees to negotiate repayment by installments and determine the repayment period and amount again.

No matter how much time you can bear, you should talk about it in 6 time stages. First of all, we must strive for the greatest expectations for ourselves.

After speaking clearly, you must remember to save your own recording, which can be used as evidence in special circumstances.

credit card negotiation repayment process

credit card negotiation repayment can be handled through telephone negotiation or on-site negotiation. For telephone handling, you can call the bank's customer service hotline to apply to the bank for stopping payment and delaying repayment, explaining the situation and repayment willingness; On-site handling can bring the cardholder's ID card, credit card, relevant debt information, credit card negotiation repayment application, etc., and go to the bank's business outlets to find staff to handle it.

in order to negotiate repayment successfully, credit card holders must give reasonable explanations for overdue situations, such as the cardholder's inability to bear credit card bills due to changes in some external factors, such as unemployment, illness or unexpected hospitalization. If the negotiation of repayment is successful, the cardholder only needs to repay on time according to the new repayment plan discussed with the bank.

personalized installment of credit card liabilities negotiation of China merchants bank?

1. What are the experiences of China Merchants Bank in negotiating repayment by credit card?

1. First of all, users should speak with sincerity;

2. Users should make more phone calls or go to the outlet of China Merchants Bank to consult with the bank staff in person, because the ultimate goal of the bank is to recover the money anyway;

3. There may be a high interest rate during the negotiation, which can also be negotiated with the staff.

4. I suggest you go to Yingxin Express to get a personal credit big data report and get a clear understanding of your credit status.

When the customer and the bank staff negotiate, it is best to choose to repay the loan by installments, and then explain their own situation to the bank, and appropriately explain that their family has encountered difficulties and cannot repay the loan in one lump sum. Customers can limit a repayment time according to their actual situation, and then customers can provide their own difficult materials. After receiving them, the bank center will evaluate them and then choose a good solution for customers to accept. If the negotiation fails, you can only solve it by yourself and borrow money to pay off the debt, otherwise the longer the overdue period, the greater the impact on your credit information will be, which will cause unnecessary troubles and troubles for future travel.

second, how to negotiate with China merchants bank for staging?

In fact, to some extent, credit cards can help you to meet emergencies or spend money. Many people like to raise their cards by credit cards. However, once a card has problems, it will easily lead to the breaking of their whole cycle of raising cards. In fact, in order to cope with this situation, banks now have a new repayment method, that is, "stop paying". If debtors really cannot repay, they can negotiate with banks on an equal footing to reach a personalized installment repayment agreement. This way is.

Extended information:

The credit card suspension process of China Merchants Bank:

1. First, the cardholder calls the customer service phone of China Merchants Bank, and explains to the customer service the reasons why the repayment cannot be made according to the actual personal situation;

2. After the bank agrees to the application for suspension of interest payments, the cardholder is required to sign a personalized repayment agreement at the designated business outlets;

3. After signing the repayment agreement, the cardholder personally chooses his own suitable repayment plan;

4. China Merchants Bank has worked out a detailed repayment plan for cardholders, and cardholders can repay according to the plan.

it should be noted that the suspension of interest and debit account is required and can only be implemented after it is approved, otherwise the cardholder can only repay according to the original repayment plan. In addition, the suspension of interest and debit account can not exceed 5 years at the longest, which means that the repayment plan can not exceed 5 years and must be fully paid off within 5 years.

that's enough for the introduction of how to negotiate personalized repayment with credit cards.