1. What are the application methods for suspension of interest and pending debt on Shanghai Pudong Development Credit Card?

1. In layman’s terms, suspension of interest and pending debt refers to the situation where the cardholder’s current ability to repay is insufficient. Next, negotiate with the bank to put the debtor's unpaid balance on the account and formulate a personalized repayment plan. Generally, interest-free debt is repaid within five years. Obviously this is not good for the bank. There are clear conditions for applying for an interest rate suspension.

2. The conditions for application are: first, confirm that the amount of debt clearly exceeds the debtor's repayment ability. Secondly, the debtor showed a positive willingness to repay and proactively communicated with the bank to reflect the situation before the final repayment period. Finally, the reason for overdue should be force majeure factors, such as economic crisis caused by unemployment, illness, etc.

2. What are the consequences of overdue credit card of Shanghai Pudong Development Bank?

1. Repayment within the bank’s grace period (usually 2-3 days) is a short-term overdue and has no impact. When the overdue amount reaches about a week, the bank is likely to upload the information to the central bank's credit reporting system. Once you are on the credit blacklist, the impact will be profound. Not only are credit cards frozen, but financial services such as mortgages and car loans can no longer be carried out.

2. When the debtor is overdue for more than three consecutive months, the bank will sue the debtor. The more the debt is, the more serious the situation will be. Especially when the amount owed with principal and interest exceeds 50,000 yuan, the court may very well judge it as a malicious overdraft, which is illegal fraud and will result in criminal liability.

3. How to calculate the overdue interest on Pudong Development Credit Card? 1. Banks generally have an interest-free period, ranging from 20 days to 60 days. The specific number of days depends on whether the cardholder has Negotiate with the bank to relax the number of days. No interest will accrue during the interest-free period. In addition, overdue liquidated damages will be calculated separately, and interest will not be charged for installment repayment, but installment handling fees will be charged.

2. When the interest-free period is exceeded or only the minimum payment of the total amount is repaid, the total consumption will generate interest of 0.5% per day. Interest is calculated on a daily basis and compounded on a monthly basis, which means that after this month's interest is not repaid, this part will continue to accrue interest at 50,000% along with the principal in the next month.

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