1. Application conditions for suspension of interest and loss.
1. The application conditions for stopping interest payment are as follows: the user has confirmed that the credit card debt exceeds his repayment ability; Users have the willingness to repay; There needs to be a more appropriate reason. If the above three conditions are met, the user can apply for suspension of payment. It should be noted that the stop-loss account occurs after the deadline, and you cannot apply for a stop-loss account unless it is overdue.
2. For users, stopping interest payment can help users to repay in a planned way, and at the same time, the reduced interest can reduce the repayment pressure of users and let users pay off overdue debts as soon as possible.
Second, stop the process of paying interest.
1. Suspension of loan interest means that the borrower fails to repay the loan principal and interest on schedule for some reason, and the bank suspends the accounting treatment of interest on schedule, leaving the loan balance and interest on the books for later treatment.
2. The legal basis for the suspension of interest payment is stipulated in Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks: under special circumstances, if it is confirmed that the credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement.
3. The handling procedure requires the cardholder to contact the relevant bank staff according to the customer service phone number behind the card; Then tell yourself that it is not malicious overdue, and explain clearly why your overdrawn credit card cannot be returned in time, preferably according to the actual situation. If approved by the bank, a personalized repayment agreement shall be signed in accordance with the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks. The application conditions for stopping interest payment are as follows: the user has confirmed that the credit card debt exceeds his repayment ability; Users have the willingness to repay; There needs to be a more appropriate reason. If the above three conditions are met, the user can apply for suspension of payment.
Legal basis:
Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks
Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years. The contents of personalized installment repayment agreement shall at least include:
(a) the balance, structure and currency of the arrears;
(2) the repayment period, method, currency, date and repayment amount of each installment;
(three) whether to charge annual fees, interest and other fees during the repayment period;
(4) The cardholder shall not apply for a credit card from any bank before all the funds related to the personalized installment repayment agreement are settled;
(five) the rights and obligations of both parties and the liability for breach of contract;
(6) Other matters related to repayment.