We know that overdue credit cards will incur penalty interest and late payment fees of 50,000 cents per day. Over time, these additional fees may even exceed the arrears of some overdue cardholders. Many friends think of going to the bank to apply for an interest rate suspension or debit account. So, have any of you been successful? What if the bank disagrees?

Has anyone successfully applied for an interest rate suspension or debit account on a credit card?

Judging from the feedback from many cardholders, quite a few banks do not agree to handle suspension of interest payments.

There are several reasons why banks do not agree to handle credit card withdrawals:

1. From the cardholder’s point of view, the reasons given by the cardholder for suspending interest rates and suspending debts are not sufficient. If it is not recognized by the bank, or the bank thinks that you are fully capable of repaying the loan, it will not process it. Or the cardholder has a serious lack of credit, is often overdue, has been overdue for a long time, and has a large amount of arrears.

2. From the bank's point of view, if you suspend the interest rate and hang the account, it will not produce any benefits, and if your repayment ability is insufficient, there will be more or less new risks in handling the interest rate suspension and the bank will There is no guarantee that you will repay the loan on time according to the time and amount agreed in the agreement after suspending the interest rate.

If the bank does not agree to handle the suspension of interest rates, do you still have to insist on negotiation?

During the negotiation, you may be overdue, but there is nothing you can do about it. No matter how hard you are unable to repay the full amount, you must ensure that you repay part of the money to your credit card on time every month. Don’t think that waiting and Repay the loan after successful negotiation with the bank. If you do this, you may be considered malicious and overdue. Once it is linked to the word "malicious", you will be in a passive state.

And if we repay the money to the credit card every month, no matter the amount, it can show that we have a good willingness to repay, which can make the bank feel your sincerity. In addition to repaying the loan, you should also proactively contact the bank after each monthly repayment and tell the bank that you have repaid the loan but are unable to pay the full amount and see if you can negotiate for installment repayment. Remember to record your phone calls.

If the bank still refuses to let go, you can contact the local banking regulatory bureau in writing, or even report the matter to a higher-level banking regulatory commission. The banking regulatory commission may ask the bank to handle it. . But don’t hold out too much hope, because the bank still has the main decision-making power.

Summary: Whether the bank agrees to handle credit card interest suspension, the debtor must insist on depositing money into the credit card to repay every month. This can show our willingness to repay, as long as it is not a malicious overdraft. If you use a credit card, you will not be arrested and go to jail. When repaying, we should not forget to contact the bank to negotiate repayment.