Can a second credit card default be negotiated?

A second credit card default cannot be negotiated. Generally speaking, users who have successfully applied for negotiated repayment after overdue will not have the opportunity to negotiate again, only one chance. At the same time, if the user is overdue during the first negotiation for repayment, the relevant records will be uploaded normally, the credit report will show the stop payment status, and the bank will demand payment from the user through judicial channels

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at all branches of the card-issuing bank or places with automatic tellers.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

The gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high. Can a second credit card default still be negotiated? It’s not as simple as imagined

;? If your credit card is overdue and you cannot repay it in one go, you can negotiate with the bank for repayment. If you successfully sign a personalized installment agreement, you will need to follow up on the amount and amount agreed in the agreement. Repayment period. If it is overdue after negotiation, it will be a second breach of contract. Can the second default of the credit card be negotiated? Here I will give you a brief introduction, and interested friends can learn more about it together.

Can a second credit card default still be negotiated? If the credit card is overdue again after negotiation, the bank will not agree to negotiate repayment for the cardholder who defaults for the second time. After all, the cardholder has lost the trust of the bank. Once a credit card defaults for the second time, the interest that was previously stopped due to successful negotiation will be recalculated, and collections will come back. Cardholders must be prepared to repay the debt in one go. Regardless of whether the bank has the money to pay back, as long as the bank defaults and fails to repay, it is very likely to sue the cardholder. If the principal amount of the debt exceeds 50,000, the cardholder will It doesn't mean that everything will be fine if you pay it off. You will probably be held criminally responsible. Therefore, if the cardholder successfully negotiates with the bank after his credit card is overdue, he should cherish this opportunity. After all, it is difficult for the bank to give him a chance to negotiate. No matter what, he must repay on time.

A few days before the repayment date, you should check whether you have the ability to repay the loan. If you have no money, see if you can borrow money from relatives and friends to repay the loan. It is not recommended that cardholders borrow loans before paying off their credit cards, or use credit money to repay. This is a behavior of using loans to support loans and using cards to support cards. Removing one wall to pay for the other cannot really solve the debt. It will only make cardholders owe more and more. Once overdue payments occur, the consequences will be unimaginable. The above is the relevant introduction to "Can a second credit card default be negotiated?" I hope it will be helpful to everyone. Can a second credit card default be negotiated?

If the bank agrees, it can be negotiated a second time.

But if the bank has a poor evaluation of you and no longer accepts negotiated repayment with the user, then the user's application for negotiated repayment after the second default will most likely be rejected by the bank. After all, it was you who breached the contract unilaterally, so it is understandable that the bank is unwilling to negotiate.

However, your credit report will always show an overdue balance that has not been repaid, and after repayment, the cardholder is likely to be disqualified from using the card.

And if you are often overdue, you will be suspected of maliciously overdue, and the bank will generally not agree to negotiate.

Extended information:

Consequences of credit card default

Consequences of breach of contract 1: bear high penalty interest

After a credit card default, it usually involves The penalty interest charges include recurring interest charges and late payment fees.

Consequence 2 of breach of contract: legal disputes.

Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies." These companies are of mixed quality and have rough debt collection methods, causing great trouble to customers.

Not only that, defaulting customers may also face legal disputes. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, criminal liability may also be pursued for fraud.

For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which can be said to make matters worse. .

Consequence three of breach of contract: leaving "credit stain" in the national credit reporting system

New central bank regulations on credit cards:

On April 15, 2016, the central bank The "Notice of the People's Bank of China on Matters Concerning the Credit Card Business" was issued, canceling credit card late payment fees, introducing liquidated damages, and prohibiting over-limit fees.

At the same time, corresponding adjustments have been made to credit card overdraft interest rates, interest-free repayment periods and minimum repayment amounts. The credit card cash withdrawal limit has also been increased from 2,000 yuan to 10,000 yuan per card per day. The new regulations will be officially implemented on January 1, 2017.

1. Cancel late payment fees and introduce liquidated damages

The "Notice" cancels late payment fees, and the card issuer and cardholder will agree on liquidated damages; cancels over-limit fees, and stipulates that card issuers shall not Service fees bear interest.

2. The credit card overdraft interest rate can be customized

The upper limit and lower limit management of the credit card overdraft interest rate is implemented. The upper limit of the overdraft interest rate is 5/10,000 of the daily interest rate, and the lower limit of the overdraft interest rate is 0.5/10,000 of the daily interest rate. Fluctuate by 30 on the basis of five-fifths. The method of calculating interest on credit card overdrafts, as well as whether interest will be calculated on credit card overpayments and the interest rate standards are determined independently by the card issuer.

3. Interest-free repayment period and minimum repayment amount

The "Notice" cancels the maximum interest-free repayment period, minimum repayment amount standards and additional requirements for overdraft consumption The current regulations on conditions are determined independently by the card issuer based on commercial principles and cardholder needs.

4. How to negotiate repayment after the second default when the cash withdrawal amount is increased from 2,000 yuan to 10,000 yuan?

If the bank agrees to the user’s second negotiation, then after the second default, the user will It's still negotiable. However, banks have a very poor evaluation of users and no longer accept negotiated repayment with users. If a user applies for negotiated repayment after a second breach of contract, the bank will most likely reject it. After all, it is a unilateral breach of contract by the user, so it is understandable that the bank is unwilling to negotiate.

Especially for users who are often overdue, such users are suspected of maliciously overdue, and banks generally will not agree to negotiate with such users.

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1. What to do if a credit card is overdue and defaults for the second time

If a credit card is overdue and defaults for the second time, the repayment should be made in time. If a credit card is overdue, the user must make timely repayment, otherwise it will have a negative impact on personal credit and affect the user's future credit card applications. If a credit card is not repaid on time, liquidated damages will be incurred, which is usually 5% of the minimum repayment amount and the unpaid part. Suspected of credit card fraud by maliciously overdrafting a credit card.

2. What is the meaning of second installment of credit card?

Second installment of credit card means that on the basis of the credit card has been installment, because the user does not have enough repayment ability to repay on time, to The bank applies for negotiated repayment and repays the amount that has been repaid in installments. It is difficult for users to apply for a second credit card installment. They must submit valid supporting materials, and the bank believes that the user is a high-quality customer, so that the negotiation has a chance to succeed.

3. What to do if your credit card is overdue after the second negotiation?

If your credit card is overdue after the second negotiation, you can still contact the bank to negotiate a new repayment plan, but banks generally do not want to do this in this case. Negotiate again, because we have negotiated twice, and if the cardholder still repays overdue, either the cardholder maliciously refuses to repay, or the cardholder has gone bankrupt, the bank will incur overdue penalty interest in accordance with the regulations. When it comes to personal credit reporting, you may even be sued directly.

4. What are the consequences of a second credit card default?

① A second default will have a great impact on personal credit reporting, and will also have a negative impact on future credit-related businesses. adverse effects.

② You need to pay high default fees and related interest. If you overdraw your credit card maliciously, it may also constitute a crime of credit card fraud.

③If the bank files a lawsuit against the borrower, the court will impose a prison sentence and a fine based on the overdue amount of the second default.

④The bank will blacklist the cardholder and will no longer handle any loan business for the cardholder.

5. Is a credit card repayment 2 days late considered overdue?

Whether it is overdue or not mainly depends on whether the bank to which the credit card belongs provides an extension service. For bank credit cards that provide a 3-day extension service, late payment will be considered as overdue. Two days is not considered overdue. As long as the cardholder repays the loan within the grace period, it will be considered as repayment on time. For banks that do not provide grace period services, credit cards will be considered overdue if they are paid 2 days late. For example, ICBC does not have a grace period for repayment.