I. Precautions for overdue negotiation and repayment of credit cards
1. Cardholders can choose to negotiate repayment with the bank after their credit cards are overdue. You can choose to extend the repayment period or stop interest. But banks are financial institutions after all, and credit interest rate is the main profit of banks. Most banks do not agree to negotiate repayment with cardholders, but it is not necessarily that cardholders meet the following conditions!
2. According to the regulations, if the bill owed by the cardholder exceeds the repayment ability of the cardholder, the cardholder will go bankrupt >; If the third-party force majeure factors such as unemployment > serious illness are overdue, the bank needs to negotiate with the cardholder for repayment.
3. Cardholders need to bring some relevant materials that can prove that they didn't intentionally overdue, but went to the bank to apply for deferred repayment because of financial difficulties. It can be the list of intensive care issued by the hospital > bankruptcy certificate > proof of financial difficulties issued by the neighborhood Committee.
4. After the bank receives the materials, it will review them. After confirming that the cardholder meets the conditions for deferred repayment, the cardholder needs to negotiate a repayment plan acceptable to both parties with the bank. In most cases, the solution that cardholders can negotiate is to postpone repayment, which is unlikely to stop.
2. How long will it take for credit card overdue credit reporting to eliminate bad records?
The credit card cannot be cancelled until it is overdue for five years. If the credit card is overdue, it will form a bad record in the credit investigation. As long as the arrears are not paid off, the credit record will always be kept. If the overdue credit card is not due to my own fault, such as the failure of repayment due to bank reasons or the failure of repayment due to external force majeure factors, I can raise an objection to the credit information center of the central bank after repayment, so that the bank can modify the credit information and restore the credit information as soon as possible within 20 days after confirmation.
legal ground
People's Republic of China (PRC) Commercial Bank Law
Article 3 A commercial bank may engage in some or all of the following businesses:
(1) Absorbing public deposits;
(2) Short-term, medium-term and long-term loans;
(3) Handling domestic and international settlement;
(4) Handling bill acceptance and discount;
(5) Issuing financial bonds.
(6) Acting as an agent to issue, honor and underwrite government bonds;
(7) buying and selling government bonds and financial bonds;
(eight) engaged in interbank lending;
(9) Acting as an agent for buying and selling foreign exchange;
(ten) engaged in bank card business;
(eleven) to provide letter of credit services and guarantees;
(12) Agency payment and insurance agency business;
(thirteen) to provide safe deposit box services;
(14) Other businesses approved by the State Council Banking Regulatory Authority.
The business scope shall be stipulated in the articles of association of the commercial bank and reported to the the State Council Banking Regulatory Authority for approval.
With the approval of the People's Bank of China, commercial banks can engage in foreign exchange settlement and sale business.
Article 7 Commercial banks should strictly examine the credit standing of borrowers when conducting credit business, so as to ensure the timely recovery of loans.
Commercial banks recover the due principal and interest of loans from borrowers according to law, which is protected by law.