Can interest on overdue credit cards be waived in prison? )

1. Can overdue interest on credit cards be waived in prison?

1. Contact the customer service of the issuing bank first, stating

Can interest on overdue credit cards be waived in prison? )

1. Can overdue interest on credit cards be waived in prison?

1. Contact the customer service of the issuing bank first, stating that you are going to serve your sentence in prison, and you have not paid off the arrears for the time being, and apply for interest reduction. Generally speaking, the interest before imprisonment cannot be reduced, and you can apply for no interest after imprisonment. According to the personal situation, negotiate with the bank to register and put on record, and then return it after being released from prison.

The credit card must be returned. After serving the sentence, the cardholder will take the initiative to inform the bank of the situation and provide relevant evidence, and most of them will successfully apply for an extension of the installment. If the sentence has been served, interest will be generated in the prison. After being released from prison, cardholders can bring relevant certificates to appeal to the business outlets of the card-holding banks, but the general banks will stop handling them.

Second, how to calculate the overdue interest of credit cards?

1. After the credit card is overdue, it will generate five ten thousandths of interest every day. The calculation mechanism is compound interest. If the principal and interest are not repaid in the current month, interest will be generated together next month. And in the absence of the minimum repayment amount, there is a certain penalty for overdue, which is 5% of the minimum repayment amount.

2. The origin of the so-called rolling interest is due to the mechanism of compound interest. Take the principal of100000 yuan as an example. After compound interest is repeated every month, including interest and liquidated damages, it may be 6.5438+0.5 million after one year. Therefore, if you owe a lot and are temporarily unable to repay, you'd better choose to repay by installments instead of the minimum repayment amount.

Third, what happens if you go to jail with a credit card?

1. If people go to prison, they usually ask their parents to help them pay back. If they are temporarily unable to repay, they should also explain the situation to the bank in time. After all, the interest after imprisonment can be reduced, and the previous principal must be paid back. If there is no repayment behavior, it is estimated that you will go to jail again.

2. Leaving aside the prison situation, it is said that under normal circumstances, credit cards are not returned. In the early stage, I received a text message from the bank and even went to the door for collection. If it is overdue for three months, it will become an executor of dishonesty and even be sued by the bank. If you owe more than 50,000 yuan, avoiding contact with the bank will be regarded as malicious overdue and may face jail time.

Special circumstances can click the consultation button on the right. The website provides professional lawyers to answer questions, help you solve the repayment problem and let you return to your normal life.