What is the process for negotiating repayment of an overdue credit card?

1. The cardholder needs to apply. When he discovers that his credit card is overdue, he must immediately contact the bank to apply for negotiated repayment.

2. Prepare the corresponding materials. If you want the negotiation to be successful, it is important to obtain relevant certificates, such as poverty certificate or unemployment certificate.

3. Wait for the relevant departments of the bank to process it. Generally speaking, the staff will contact the cardholder after seeing the application to negotiate a specific plan.

4. You only need to make corresponding repayments based on the results of the negotiation.

Extended information:

How long does it take for an overdue credit card to be sued

1. An overdue credit card is a civil breach of contract. Generally, if the credit card is not returned for three months, the bank will forfeit the debt. The borrower sued the court to pursue civil liability.

2. If there is malicious overdraft behavior, if the user's willingness to repay is not felt for three consecutive months, and more than 2 effective collections have failed, and the overdraft amount exceeds 50,000, the bank will Users may be prosecuted in court for credit card fraud.

3. Regarding the conditions for prosecution, time, debt owed and willingness to repay are all important. What information does China Merchants Bank need to negotiate repayment?

The information that China Merchants Bank needs to provide for negotiating repayment includes my valid identity document, credit card (debit card), income certificate, poverty certificate, etc. Among them, the poverty certificate is the most important, and it needs to state the status of family members and Family income, reasons and extent of difficulties, etc., and shall be stamped by the neighborhood committee or village committee.

As for whether the negotiation can be successful, it mainly depends on China Merchants Bank. After the negotiation is successful, a personalized installment agreement will be signed. Every month, the repayment must be made as scheduled according to the agreement, and it must not be overdue again. What materials need to be prepared for negotiated repayment

The materials required for negotiated repayment include: credit report, poverty certificate, unemployment certificate, subsistence allowance certificate, confirmed cases of major diseases, etc. Generally speaking, the materials must be able to show that the user did not overdue the loan maliciously, but that it was due to an unexpected accident that led to the inability to repay. Only then will the bank consider negotiating with the user.

It is very difficult for ordinary users to negotiate repayment when they are overdue. Banks will require users to repay in accordance with the contract. Therefore, before borrowing, you should consider whether you have sufficient repayment ability.

The explanation of difficulties is mainly written from several aspects:

1. Your own earning capacity (try to work as many jobs as possible to show that you are willing to endure hardships in order to repay the loan)

2. Your own repayment ability (this must be true, it doesn’t matter if it is lower, leave room for negotiation with the bank)

3. Your own affordability (such as parents’ support, children’s expenses , living expenses)

4. Your family background (work background, life background, etc.)

5. The reason why you are overdue (must be true, the bank requires When you provide evidence, don’t write about criminal cases that don’t exist)

Repayment ability

Since you want to negotiate with the bank for a second time, the first thing you need to do is ask the bank to negotiate again. I trust you, do you trust with your mouth? It's useless. It's better to trust him with money and issue some evidence such as your work income certificate, employment contract, salary card statement, etc. It's best to have proof of additional income. For example, your income certificate is 5,000 monthly income, and someone else's work income certificate is 3,000, but you have an additional income of 2,000 part-time, which is also a monthly income of 5,000. The bank will definitely give priority to others, after all, their repayment attitude. Much stronger than you. Therefore, providing a few more proofs of additional income will help you gain the bank's trust.

Repayment plan

When we negotiate repayment, don’t always think about asking the bank to give you a repayment plan first. You can go back and calculate whether you can repay it. You have to do it yourself. Develop your own repayment plan based on all debt situations. For example, your total debt is 200,000 yuan from 6 bank credit cards, and your monthly repayment ability is 5,500 yuan. Debt repayment negotiations will be carried out according to the debt ratio of each bank. Of course, this is just like buying something. Don’t be so upright. Show your trump card in the first negotiation. Just make sure your bottom line is a monthly repayment of 5,500. What are the materials for overdue negotiation of Bank of China credit cards?

Pay attention to the negotiation process. Whether the bank agrees or not depends on you. Including the fact that you can't pay off the credit card now, as well as the reasons for the overdue payment, as well as expressing your own willingness to repay the money, the materials you should get, and the attitude of the form, all must be clear.

What materials are needed for overdue credit card negotiation

Different banks have different needs, but the materials provided for negotiation are generally the same:

1 Proof of income and credit card statements. The specific amount of debt must be clear. The purpose of releasing income is to prove your current financial strength and that you can indeed repay the debt.

2 Proof of poverty. You make a template, fill in your family's financial situation, and go to the local community or village committee to get it stamped to prove that you are indeed in difficulty.

3 Difficulty proof. This certificate is more extensive. To show that you are overdue for special reasons, if you are unemployed, you will issue an unemployment certificate, and if you are seriously ill, you will issue a medical record.

4 Credit report. Some banks require a credit report to look at your past criminal record, etc.

According to the provisions of suspension of interest payments, you must have special difficulties and willingness to repay. When you negotiate, pay attention to actively cooperate and express your willingness to repay part of it every month and pay it off in installments.