This is what we usually call "suspended interest payment". The essence is to reach an installment repayment agreement with the bank. The basis is the provisions of Article 70 of the National Bank Supervision and Administration Measures for Commercial Credit Card Business. Under special circumstances, confirm the credit card If the amount owed exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a maximum period for a personalized installment repayment agreement. It must not exceed 5 years.

Friends who are overdue are most afraid of collections from banks or third-party agencies. Whether it is a phone call or a visit, it will have a great impact on our lives and work. If you are When you are unable to repay the bank, you can apply to the bank for negotiated installment repayment, which means you can repay the debt in installments, and at the same time, part of the interest and liquidated damages may be waived. The maximum period is 60 installments, which is 5 years.

Suspension of interest means that when the credit card holder is unable to repay after the card is overdue, the cardholder and the bank will reach a new personalized installment repayment agreement, and the fixed limit, temporary limit and reserve fund in the card will be It is a way to restructure the debt and repay it on time every month.

Stop interest payment and repay the principal in installments for up to 5 years.

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How to negotiate?

First, inform the institution and apply for negotiated repayment. The institution is the bank.

We need to know the total amount owed, interest and penalties. How much is the interest rate per pound? You can call customer service and ask the bank's customer service if the original installment has expired. If there are any overdue installments on this card, ask them to add the unpaid installment.

After memorizing all the numbers, calculate how many installments you want to make.

After you think about it, tell the bank that I want to do it. Negotiate the repayment, then ask the bank's customer service to register and wait for the bank's return call.

Second, receive the call from the bank and submit the information according to the bank's requirements.

Some banks may. We will be required to provide some information, so we must grasp this time and submit it according to the time required by the bank. For example, Shanghai Pudong Development Bank requires material certification and requires submission within 3 days, then we must submit it to him within 3 days. Otherwise, once it passes. When the deadline is reached, the bank will mark it as "negotiation failed" in the system. In this case, the system will enter the collection stage.

Third, wait for the bank to call.

We submit. The bank will review the information and call you back after the review is completed.

Fourth, the signing of the plan usually involves recording, electronic agreement and paper. There are three ways to repay the pledge agreement.

After the signing is completed, the repayment will be formal. If you still overdue the repayment after negotiation, you will face a one-time repayment and the bank will feel that you have broken your trust with him again. , I will be very unhappy and will sue you.

So, when negotiating, you must think clearly about whether you have the ability to repay, and don't treat it as a child's play, otherwise the consequences of overdue will be more serious. If you know the method, the success rate of application negotiation at each bank is basically 100%.

From the beginning of applying for personalized installment to the final approval, it can take half a month at the fastest, or two to three months at the slowest time. There are a lot of details in between, so it’s best to plan well before applying. Don’t do it blindly and miss the opportunity! We need to understand one thing. Banks do not have interest-free installment business. They call it personalized installment repayment. Everyone's situation is different. It is best to master the technical methods before handling it. Don't mess around. Due to limited space, the detailed technology will not be elaborated here.