It is true that overdue credit cards can be negotiated with the bank. Generally speaking, negotiating for repayment requires re-signing and negotiating a personalized repayment agreement. However, this process is indeed quite troublesome, so many times it is maintained. Negotiations between the cardholder and bank staff take place over the phone.

1. Reasons for negotiating repayment?

(1) Overdue reasons

When negotiating with the bank, the bank will definitely understand the overdue reasons from the cardholder. If the cardholder is not due to special reasons (illness, Unemployment, etc.) leading to overdue payments, generally banks will not easily agree to negotiate repayment, so it seems unreliable for a third party to only repay the principal without consulting the reason for the overdue payment.

(2) Repayment method

The repayment method required by the third party is generally to ask you to repay as much as you have, and then give you reduction or exemption or plan. There is one thing that everyone needs Know that if you negotiate with the bank to repay only the principal, the bank will definitely require a one-time repayment, and you need to pay attention to the repayment method proposed by the third party.

(3) Verify the authority of the third party

It is normal for a bank to entrust a third party with collection, but the authority of the third party to negotiate with the cardholder must be verified. When communicating, you can raise doubts about the authenticity of the negotiated repayment and see how the third party states it. The other is to verify with the bank whether the repayment negotiated with a third party is valid to prevent the third party from deliberately fabricating the negotiated repayment in order to collect payment.

2. Overdue credit cards usually have the following consequences:

1. Overdue interest, liquidated damages and other fees: Overdue credit cards will calculate interest from the day the card is swiped, usually 0.05% The daily interest is compounded on a monthly basis; liquidated damages are generally 5% of the unpaid portion of the minimum repayment amount.

2. Bad credit records: After overdue, bad records will appear on personal credit reports, which will affect future loan applications.

3. You may face criminal liability: If you are overdue for a long time and the overdue amount is large, you may receive a payment reminder from the bank; if you still do not repay the debt after the bank reminds you, you may face criminal liability. Criminal liability.

In general, the impact of overdue credit cards is still relatively large. It is recommended that you make sure to repay on time.