First, how to stop paying the bill?
1. Inform the institution that it is the bank applying for negotiated repayment.
We need to know the total debt, interest and penalty interest. You can call customer service, and the original points have expired. When you ask the customer service of the bank, you should ask whether this card has expired. If you pay by installment, let him add the unpaid part of the installment. Remember all the figures clearly, and then calculate how many installments you want, so that you can accept the installment. When you are ready, tell the bank that I want to negotiate repayment, and then let the bank customer service register and wait for the bank to call back.
2. Upon receiving the phone call from the bank, submit the information as required by the bank.
Individual banks may need us to provide some information, so we must seize this time and submit it according to the time required by the bank. For example, Shanghai Pudong Development Bank needs proof materials and requires them to be submitted within 3 days, then we must submit them to him within 3 days. Otherwise, once the deadline has passed, the bank will mark you as "negotiation failed" in the system. In this case, the system will enter the collection stage.
3. Wait for the bank call.
After we submit the information, the bank will review it and call back when it is finished. At this time, the basic negotiation was successful.
4. Sign the plan.
There are generally three ways to sign the scheme: recording, electronic agreement and paper agreement.
After signing the contract, it is the official repayment. If the repayment is overdue after negotiation, you will face a one-time repayment, and the bank will think that you have broken your promise with him again and will sue you.
Therefore, when negotiating, we must carefully consider whether we have the ability to repay. Don't treat it as a joke, the consequences of overdue will be more serious.
Second, the use of "stop and hang" consequences analysis
It should be noted that no interest will be generated during the period after the interest is suspended.
However, after the suspension of interest payment, it will be displayed in the credit report, and the possible impact is:
1. Applying for a bank loan or credit card is not overdue (here, it refers to applying for a bank loan or credit card overdue), but it is also a breach of contract, and the possibility of passing it is extremely small.
2. Credit card withdrawal application will be rejected. What's more, when other banks conduct post-loan management, they will take measures if they find that interest is suspended on your credit record. Even if other banks are not overdue, it is difficult to raise the amount, and may even reduce your limit or seal your card.
3. After the interest payment is stopped, the repayment must be made on time as agreed. If it is overdue, it may still be sued by the bank.