How to negotiate overdue credit card debt

1. Under normal circumstances, the credit card is overdue. If the cardholder wants to negotiate repayment with the bank, he must first do The best thing is to take the initiative to negotiate with the bank. Show that you are experiencing financial difficulties and are not overdue maliciously. If the user frequently overdues or is suspected of maliciously overdue, the bank will directly reject the user's negotiated repayment application.

2. Here is an explanation for you: when your debt is overdue, you must first classify it, what are the reasons for the overdue debt, sort out your own debt list, and liquidate your debts. The amount of the loan, what is the total from high to low? Your monthly income, monthly repayment ability, etc.! Then negotiate with the bank.

3. The often mentioned suspension of interest payments has a professional name called "personalized installment". Because everyone's situation is different, we should choose a suitable plan to negotiate with the bank based on our own situation and reach a personalized installment repayment agreement that is satisfactory to both parties. The maximum length of a personalized agreement can be 5 years and 60 terms, but the possibility of reaching 60 terms is not high unless the amount of debt you owe is particularly high, and different bank policies also vary. The number of negotiation periods varies according to each person's situation. You must consider whether the monthly repayment amount after negotiation is within your tolerance. If it exceeds your income and cannot be repaid, then it is not valid. .

4. If you cannot afford the personalized installment plan, then the first thing you have to do is to protect your own life, and then work hard to increase your income level. When your income can afford the debt, negotiate with the bank in a timely manner. Why can't you negotiate first and then pay it back when you are able? Because once you reach a personalized installment agreement with the bank, the card is frozen and you can only repay but not swipe the card until it is settled.

5. If you default again during the period when the new repayment agreement is in effect, the consequences will be very serious. The bank may sue you directly. When you decide to negotiate, you must consider the consequences and do Be mentally prepared before negotiating to make sure nothing goes wrong. Also, you must answer the bank's phone number and never lose contact. If you change your contact information, remember to go to the bank to change it in time, otherwise the bank may think that you are maliciously overdrafting your credit card and deliberately evading it.

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