Why has my credit card been overdue for a long time and the bill amount has been the same every month?

This is because your credit card is still overdue.

Once it is overdue, there are two best solutions, one-time repayment and interest-free installments. It is impossible to pay it back in one go. Then we can negotiate to repay in installments to stop the subsequent liquidated damages and interest. First apply for a reduction or exemption of the liquidated damages incurred during the overdue period; then repay in installments. After the two parties negotiate and reach an installment plan, the collection of liquidated damages can be stopped. Some bank interest rates have also been suspended. This is the most correct repayment, and this is the only way to repay the debt in full.

After the credit is overdue for 3 months, the bank will generally entrust the debt to a third party for collection. If the third-party collection company still cannot collect the payment, then the bank will enter the next step of the process. Of course, the bank It will look at whether the cardholder is willing to repay. If the cardholder is willing to repay, the bank will generally not accept the cardholder. After all, the ultimate goal of the bank is to collect the debt.

What is credit card interest suspension?

The suspension of interest in credit cards mainly means that the cardholder cannot repay the credit card debt on the final repayment date due to special circumstances, but the cardholder is willing to repay and can negotiate with the bank to sign a personalized repayment agreement. With a loan agreement, the repayment can be divided into up to 5 years. Although no interest will accrue during this period, a portion of the principal and handling fees need to be repaid every month as stipulated in the agreement.

1. Bank account pending interest suspension means that the borrower fails to repay the loan principal and interest on time for some reason, and the bank suspends the accounting processing of interest calculation on schedule, and the outstanding loan balance and interest are left lying on the account (i.e., pending account) for later processing. . Suspension of interest means that the cardholder cannot repay the credit card debt or loan as scheduled due to special circumstances. After negotiating with the bank, the bank will suspend the interest calculation on schedule and leave the debt for later processing. In layman's terms, suspended debt means that the money is owed first, but the debt will not be eliminated and will be paid back later. According to Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay

2. After the borrower obtained the loan, he failed to repay the loan on the agreed repayment date. Due to internal or external factors or reasons of the bank, the loan and interest will not and cannot be repaid in the short term. For management or processing needs, the borrower will not be able to repay the loan in the short term. The loan balance will no longer be accrued interest, but the principal balance of the loan and the interest that has not been repaid will still be recorded in the name of the original borrower.

3. If the bank does not agree with the suspension of interest payments, the handling method is as follows:

1. First, contact the customer service of the card-issuing bank to inquire about the policy. Generally speaking, someone from the bank’s collection department will contact you. Remember to record relevant calls for future reference.

2. Then take "mandatory action" immediately, that is, the amount obtained by dividing the total amount owed by 60 periods will be directly deposited into the credit card account in which the debt is owed. For example, the total credit card debt owed is 200,000 yuan, then each deposit is only 3,333.33 yuan. Keep depositing every month without interruption. This is to prove that you are not a subjective "malicious debtor" and that you are willing to repay, but you do have to do so because you are unable to repay.

3. Complain to the Consumer Rights Protection Division of the local Banking Regulatory Bureau about the card-issuing bank’s violation of Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks" and make your demands (interest suspension and installment repayment) truthful. Appeal. Generally speaking, banks will agree to suspend accounts and suspend interest rates, but this does not mean that this behavior is worth advocating. Because this behavior will have a bad impact. Because the suspended interest rate will be reported on the credit report, the lending institution can see it. After seeing the credit report, the bank will find that you have a record of suspended interest payments and will determine that your repayment ability is insufficient and will not grant a loan.

What does credit card interest suspension mean?

Credit card interest suspension actually means that after the credit card becomes overdue, the cardholder can negotiate with the bank so that the debt will no longer accrue recurring interest. . The interest originally generated will not be eliminated, but will still be hung in the cardholder's account together with the principal of the debt. The cardholder needs to negotiate with the bank on how to repay the principal and interest of the debt.

If the cardholder feels that the amount of credit card debt has exceeded his repayment ability, he can contact the bank to apply for an interest suspension.

: There are several reasons why banks do not agree to handle credit card interest suspension and suspension of accounts.

1. The reasons given by the cardholder for suspension of interest and suspension of accounts are not sufficient and cannot be recognized by the bank, or the bank I think you are fully capable of repaying the loan, so I won’t handle it. Or the cardholder has a serious lack of credit, is often overdue, has a long overdue period, and has a large amount of arrears.

2. Suspension of your interest-rate loan will not produce any benefits, and if your repayment ability is insufficient, there will be more or less new risks in handling the interest-rate suspension and suspension of the loan. The bank cannot guarantee that after you suspend the interest-rate and suspend the loan, it will not produce any benefits. You will definitely repay the loan on time according to the time and amount agreed in the agreement.

What should I do if the bank does not agree to suspend interest rates?

1. First, contact the customer service of the card-issuing bank to inquire about the policy. Generally speaking, someone from the bank’s collection department will contact you. Remember to record the relevant call for future reference.

2. Then take "mandatory action" immediately, that is, the amount obtained by dividing the total amount owed by 60 periods will be directly deposited into the credit card account that owes the debt. For example, the total credit card debt owed is 200,000 yuan, then each deposit is only 3,333.33 yuan, insist on not cutting off every month.

This is to prove that you are not a subjective "malicious debtor" and that you are willing to repay, but you do have to do so because you are unable to repay.

3. Complain to the Consumer Rights Protection Division of the local Banking Regulatory Bureau that the card-issuing bank violated Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks" and make your appeal (interest suspension and installment repayment) truthful. Appeal.

To sum up, generally banks will agree to suspend accounts and suspend interest rates, but this does not mean that this behavior is worth advocating. Because this behavior will have a bad impact. Because the interest-free loan will appear on the credit report, the lending institution can see it. After seeing the credit report, the bank will find that you have a record of suspended interest payments and will determine that your repayment ability is insufficient and will not grant a loan.

This is the end of the introduction to why credit card suspension is processed.