Sometimes credit cards are not returned, which leads to a sharp rise in the bad debt rate of bank credit cards. At this time, a new term appeared in the public eye, that is "stop paying". In fact, stopping interest is a business launched by banks earlier. As the name implies, the suspension of credit card interest actually means that after the credit card is overdue, the cardholder can go to the bank for consultation, so that the arrears will no longer generate cyclic interest. Moreover, the original interest will not be cancelled, and it will still be hung on the cardholder's account together with the principal.

Of course, not everyone can apply for suspension of payment. To apply for suspension of payment, three conditions need to be met:

First, confirm that the credit card debt exceeds the cardholder's repayment ability, then the cardholder has the willingness to repay, and finally give reasonable reasons, such as failure to repay on time due to external factors, unemployment or illness. Cardholders who meet the above three conditions can directly call the customer service of the issuing bank, tell the customer service that they are not maliciously overdue, and tell themselves the reasons for the non-repayment of their credit cards, and then pass the bank authentication.

However, I would like to remind everyone here that if you have the repayment ability, don't choose to apply for stopping payment, because after stopping payment with your credit card, it will be shown in your personal credit report that you will face the same adverse consequences as overdue repayment. In the eyes of banks, users who stop payment are actually untrustworthy customers, and they are more likely to be rejected when handling credit cards, bank loans and other businesses in the future. And it will also affect the amount of our existing credit cards. It won't last long if it's light, but it will be reduced if it's heavy. Everyone must be careful when choosing.