1. If your credit card is overdue, can you find a lawyer to help negotiate a suspension of interest payments?

If your credit card is overdue, can you find a lawyer to help negotiate a suspension of interest payments?

1. Give "irresistible" reasons

According to the provisions of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", cardholders must be unable to repay before they can apply for a personalized credit card. Therefore, before applying, everyone must first express that they are overdue due to irresistible reasons.

2. Show your determination to repay the loan and your attitude of giving priority to repaying the bank’s credit card. Choose forced installment or you will be unable to repay.

Each bank has different policies regarding overdue time and amount. Once the application is rejected, there is little hope of successful application. If you are worried about being rejected, you can also seek legal help and strive for the maximum amount of reduction, divided into 60 installments.

2. How to calculate overdue penalty and interest on credit card? 1. Liquidated penalty

If the cardholder fails to repay the payment on the due date (inclusive) If the minimum repayment amount of the previous period's bill is paid before, the bank will charge corresponding liquidated damages based on 5% of the unpaid portion of the minimum repayment amount in accordance with the "Bank Credit Card Regulations", with a minimum charge of RMB 10 yuan or USD 1 yuan.

2. Interest

Interest is the so-called penalty interest, which is divided into full penalty interest and unpaid penalty interest. Simply put, it means that you did not repay the loan at the end. Repay within the deadline. Then all the consumption amounts in your current bill will be charged interest at a rate of 0.05 every day from the second day when the card is swiped until it is paid off.

3. What are the consequences of an overdue credit card?

1. Overdue penalties include not only liquidated damages, but also full penalty interest on the bill (daily interest rate of 0.5%, interest will be calculated starting from the day of consumption. Press Interest is charged monthly until the principal and interest are paid off) and it will also produce a bad credit record in the Credit Information Center of the People's Bank of China. It will be difficult to apply for credit cards and bank loans within 5 years.

2. If you are overdue for more than three months or fail to repay more than two bank reminders, the bank will freeze your card and list you as a prohibited customer (blacklist). At the same time, you will be sued for credit card fraud and malicious overdraft, and the court will enforce it.

Your headaches are exactly what we are good at solving. Use three correct methods to teach you how to stop interest-related debt, stop interest, pay interest-free in 60 installments, and avoid lawsuits.