Stop-interest account means that the cardholder can't repay the credit card arrears or loans on schedule due to special circumstances. After consultation with the bank, the bank will suspend interest calculation on schedule and leave the arrears for later treatment. In layman's terms, stopping paying the bill means that the money is owed first, but the account will not be eliminated and will be paid back later. According to Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, under special circumstances, it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability, and the cardholder is still willing to repay.

Conditions for applying for suspension of payment

According to Article 70 of the Regulations on the Supervision and Administration of Credit Cards, you can apply for suspension of payment if you meet the following four points.

Condition 1: the cardholder has the willingness to repay;

Condition 2: the cardholder has the ability to repay by installments;

Condition 3: the cardholder is overdue and cannot repay the arrears in one lump sum;

Condition 4: If the cardholder wants to return to the normal living environment, he will stop the collection and do not want to be executed.

An analysis of the reasons why the application for suspension of payment is always rejected.

One: It's the sequela left by our incorrect swiping posture. Friends with credit cards know that X is easily controlled by the wind. For example, we often set X, and then stop the negotiation and suspend the account when it is overdue, which shows that we are very difficult. The bank found out that we had a record of continuous large consumption one month before the deadline, including high-end hotel consumption, entertainment consumption and so on. Do you find it hard for banks to trust you? Will he allow you not to pay the bill?

Two: the bank customer service contacted us to inquire about how the credit card limit is generally consumed. We said that we invested, failed to invest and couldn't pay the debt. The credit card contract clearly tells the cardholder that it can only be used for consumption. You put the credit card money in X and then take it out for investment, which is a serious violation of F. In that case, do you think the bank will cancel our account?

Three: we negotiated with the bank and did not unilaterally inform the reason for the overdue. Banks will also draw conclusions based on several aspects of certification or need us to submit relevant information. Do you want to agree to your application? If the situation does not meet, the bank is likely to refuse the visa.