1. Credit cards cannot be installments

There are many reasons why credit cards cannot be installments. For example, the consumption amount does not meet the minimum amount required by the issuing bank, or the credit card type is You cannot apply for an installment credit card. It may also be that the cardholder has a bad record of overdue repayment, or is suspected of illegal cash out, and cannot be installmentd.

It stands to reason that, except for special circumstances, as long as the amount is sufficient, both shopping installments and bill installments are possible. Annual fees, recurring interest, installment principal, etc. Payment cannot be made in installments, and the consumption amount cannot be greater than the credit amount. Banks will not pay in installments as part of risk control.

2. What should I do if the credit card cannot be repaid in installments?

The credit card cannot be repaid in installments, which is something that has been agreed in advance when applying for a credit card or loan. If there is no agreement, the bank has the right not to allow installment payments. At this time, you can only negotiate with the bank to prepare materials, come up with supporting materials to prove your debt and income, and negotiate a reasonable repayment plan.

Or choose the minimum repayment amount. If your financial ability is not very poor and the debt does not meet the bank's installment amount standard, you can choose the minimum repayment emergency. If you are overdue and cannot make installments, you must proactively contact the card-issuing bank to explain that your debt is not maliciously overdue, inform you of the reasons, and negotiate a repayment method.

3. Credit cards cannot be risk controlled in installments.

If the customer pays the bill in installments, the application needs to be made after the payment is made and before the repayment date. Generally, there is no way to apply before the repayment date. This time limit is essentially irrelevant to risk control. If you have any questions, you can consult bank customer service.

Banks have requirements for the installment amount of credit cards. Many stipulate that the minimum amount of each installment cannot be less than 500 yuan. Therefore, if the customer does not meet this standard, he cannot apply for installment for consumption. Of course, if there are frequent black spots in personal credit information, serious overdue records in the past, or excessive debt, you will be subject to risk control.

Don’t panic if your debt is overdue. Legal assistance will help you negotiate, and a professional team of lawyers will plan a repayment plan for you one-on-one.