Can Minsheng Bank’s credit card debt be reduced or exempted from interest through negotiation?

^Instalment & Mall: Chengyigo Mall

Please note that negotiation is generally not possible unless In special circumstances, you can apply to the superiors~ Can the interest on Minsheng Bank’s credit card be reduced or exempted while in jail?

Not only can the interest not be exempted, but as time goes by, more and more Minsheng Bank’s credit card debt will be owed

Haha. . Interest of 0.05% is collected every day. . According to national regulations, it is possible to sue you only when your debt reaches more than 5,000. . . . If the amount is less than 5,000, the court will not accept it. . For overdue repayments on Minsheng Bank’s credit cards, I am requesting interest exemption and repayment of principal. Negotiate with that department?

If you request for interest reduction or exemption on overdue repayment of a Minsheng Bank credit card and only repay the principal, you can communicate and negotiate with the Credit Card Center of Minsheng Bank. I have owed money to Minsheng Bank’s credit card for a long time. Can I negotiate with the bank to repay it in installments?

In principle, as long as there is no repayment record for more than 56 days or the minimum repayment amount has not been paid (that is, your card has entered an overdue state), you cannot apply for installment repayment (should It is said that there is no such thing as "payment in installments after overdue payment"). So there is no need to apply for anything, it will be in vain. If you have money, just save it as soon as possible until the debt is cleared. I would rather borrow money from friends or family and not owe anything to the country. Also, if your debt amount does not reach 5,000, you will definitely not be sued, but the bank will collect money from you, which is very tiring, so why bother! Find a way to pay it back as soon as possible. The bank won't worry about you not paying it back, and it won't be short of the money, but you will be exhausted and have to pay it back in the end, and you will have to pay a lot more interest, late fees, and bad debts. In principle, your credit record will be kept for 7 years. You should not have any dealings with the bank during these 7 years. Think about it for yourself.

Minsheng Bank credit card interest issues

1. Installment interest, each bank has different policies. . After you make the installment, the bank will calculate it for you and tell you the monthly repayment amount. . .

2. After installment, there is no minimum repayment. You have to pay that much money back on time every month. . .

3. The minimum repayment is 10% of the monthly bill. . But the interest is 50,000 per day of the total consumption amount, and it is compound interest, calculated from the day you consume. . . But it will not affect your personal credit report. . . . How to check the outstanding balance of Minsheng Bank's credit card

Log in to the Minsheng Credit Card Center. There is a credit card login option. Enter your ID number and query password, and you can check how to deduct interest on Minsheng Bank's credit card.

Interest is accrued in full, which means that once the full amount is not repaid on time, all current debts will accrue interest from the date of consumption, calculated at 50,000 per day, and the remaining balance will be calculated from the date of repayment. The arrears are calculated at 5/10,000 every day, and will be reduced until more money is added to the account. The interest generated will be recorded on the next billing date, and there will be no compound interest until the next repayment date. How to calculate the interest of Minsheng Bank credit card?

The interest calculation method is 0.05% daily interest on the full amount from the date the card is swiped until it is paid off. It will only occur when cash withdrawal is not full repayment or overdue. Can Minsheng Bank’s credit card be exempted from late payment fees?

You need to communicate with the Minsheng Risk Office Manager to see if the bank has recently issued a communication slip for this. If it has been exempted or exempted in the past, you can just repay the principal, and the interest and Late payment fees are waived, but the consequence is that you will be blacklisted by the People's Livelihood for 3 years!

In fact, banks only make money from overdue credit cards. If it catches up with the central bank's inventory of non-performing assets, each bank will control the non-performing ratio, so overdue customers will be cheaper during this period. The bank will advise you If you repay the principal, you don’t need to repay the rest. The result is that you will be like black for 3 years...