How to negotiate with the bank to stop paying?
1. First, negotiate with the bank when the credit card is overdue for more than two to three months, because after the credit card is overdue for three months, the bank will entrust the debt to a third party for collection. If the third party fails to collect the wages, the bank will enter the next prosecution procedure. Of course, the bank will also look at whether the cardholder has the willingness to repay. If he has the willingness to repay, he will generally not sue the cardholder because the ultimate goal of the bank is to get the money back.
2. Second: Try to actively communicate with the bank and show the willingness to repay.
3. Third, you should explain what my income is now, and exclude the necessary expenses, how much I can repay at most every month. This corresponds to the second proof of non-subjective malicious debt repayment.
4. Fourth: You must fully explain the reasons for the debt and relevant supporting materials.
For example, unemployment certificates, hospitalization certificates and some certificates with subsistence allowances can be told to banks by mail or telephone to prove that these difficulties are real. After that, I will negotiate with the bank to appeal. How many installments do you think I should divide? Because I will start making money in a specific month, then we will start paying back from a specific month. Only by communicating with banks in this way can we improve our communication success rate.
Consequences of overdue credit cards
1. Usually, after the overdue period, the bank will remind you by phone, text message and email to let you repay the loan within the specified time limit.
2. At the same time, there will be some late fees, interest, over-limit fees and so on after the deadline.
3. There will also be bad records in the credit record. If you buy a house and a car with a loan later, it will be greatly affected. This is equivalent to the bank breaking off diplomatic relations with you, and it is no longer a trustworthy partner.
4. There may also be the phone number of the dunning company and various dunning methods.
The most serious thing is that you will receive a letter from a lawyer, and there is a great possibility that you will face litigation.
When the credit card is overdue, choose to stop paying bills as a repayment method. Not everyone whose credit card is overdue can apply. We need certain skills to succeed in the negotiation.
legal ground
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 repayment ability of the cardholder and the cardholder is still willing to repay, the issuing bank may 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.
If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing service institution shall stop the collection of the cardholder, except that the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must keep the recorded data. Records shall be kept at least until the date of settlement of arrears.