Is the credit card suspension installment internal or external?
There are two ways to realize credit card suspension and installment: internal and external. Internal installment means that the bank adjusts the cardholder's credit card bill by itself, temporarily stops charging interest and late fees, and turns the repayment amount into installment repayment. This method generally requires the cardholder to take the initiative to apply to the bank, and the bank will decide whether to agree to stop the installment according to the cardholder's credit record and repayment ability. External stop payment installment refers to the cardholder's credit card installment payment through a third-party platform or institution, and at the same time enjoy the stop payment service. This method generally requires cardholders to apply for installment payment on a third-party platform or institution, and make repayment according to the agreed installment plan. No matter whether it is an internal stop installment or an external stop installment, it is necessary to apply for and go through the formalities at the bank or a third-party platform, and at the same time, it is necessary to repay according to the agreed repayment plan to avoid generating additional expenses and interest.