After the credit card is overdue, you can apply to the bank for suspension of repayment. If the bank agrees to suspend repayment, it will sign a personalized repayment agreement with the cardholder, and the cardholder can divide the amount owed and interest into five years. So, how about a credit card suspension?

What's wrong with the suspension of personal credit cards?

1. Although it may not be overdue after the suspension, you are also a faithless customer in the eyes of the bank, and you will be rejected for handling credit cards, bank loans and other businesses.

2. Credit card withdrawal will be refused. In the same way, some banks will check their own credit information, that is, conduct post-loan management. Your credit information report shows that your repayment ability is not good. Naturally, it will not be easy to increase the quota, and it may even be reduced.

3. After the account is suspended, the repayment shall be made on time as agreed in the agreement. Otherwise, the overdue payment will also affect the credit information and be collected by the bank.

Benefits of credit card suspension:

1. The arrears can be repaid in installments after the interest is stopped. Although you have to pay the installment fee, it will not generate new interest, so you can avoid the situation of rolling interest.

2. The longest repayment period can be divided into five years, which can alleviate the repayment pressure. Just pay back the money according to the signed agreement every month.

3. After the account is suspended, the bank will no longer urge the cardholder to collect money, and there is no need to worry that the endless collection will affect the work and life.

You don't have to worry about being sued by the bank after you stop paying the bill. It is recommended that you record it before handling it, so that it can be used as a voucher.