1. Communicate and negotiate with the bank, reach a personalized installment agreement with the bank, stop interest calculation, and avoid the situation of unpaid interest;
2. Pay off the credit card debts with family and friends as soon as possible.
If the debt problem cannot be solved in a short time, the most effective way is to keep the telephone open, never lose contact with the bank, express the repayment intention to the bank, and actively negotiate with the bank to reach a phased plan.
This can avoid litigation and collection. Then, the negotiation policy stipulates that up to 60 interest-free payments can be made, provided that they can be paid normally after negotiation.
The overdue credit card itself is the debtor's dishonesty. The bank's creditors will take a more active stance and agree to negotiate. What kind of price reduction can be negotiated, and what kind of time limit is decided by the bank itself. It's up to you.
Many people call the bank to apply for installment repayment, but the bank basically didn't have this policy at first, which is basically the default industry regulation in the industry! If everyone calls the bank and agrees to personalized installment payment, the world will be peaceful and there will be no more bank-related collection calls!
This is why there will be debt restructuring with the participation of a third party to help borrowers negotiate a more reasonable amortization and repayment plan.
What is a stop-and-go account?
Account cancellation refers to the cardholder's failure to repay credit card arrears or loans on schedule due to special circumstances. After consultation with the bank, the bank will suspend interest on schedule and keep the arrears for subsequent treatment. Generally speaking, the suspension of account interest means that you owe money first, but you won't close the account, and then repay it.
According to Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, under special circumstances, if it is confirmed that the credit card debt exceeds the cardholder's repayment ability and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement.
The maximum term of personalized installment agreement shall not exceed 5 years. When handling the loan suspension business, you should take the initiative to contact the customer service of the bank, explain the situation on your own initiative, and ask if you can handle the loan suspension business. Under normal circumstances, if the cardholder has special circumstances, the bank is allowed to suspend the account interest. Stop and credit must meet two conditions. One condition is that the debt exceeds the cardholder's repayment ability, and the other condition is that the cardholder is willing to repay. Therefore, in order to handle the loan suspension business, cardholders need to show their willingness to repay.