How to negotiate the principal repayment of a credit card (how to negotiate the installment repayment of the principal repayment of a credit card)

1. How to negotiate the principal repayment of a credit card

You can negotiate with the bank to repay only the principal, but the regulations of each bank are different, and the results of the negotiation are also different. .

1. Situations where negotiation is not necessary

If the cardholder’s debt is not large and the overdue interest is not large, there is no need to negotiate. The bank is For-profit organizations will not agree to negotiate.

2. Situations that can be negotiated

(1) Sometimes, although the amount owed is not large, but the overdue time is relatively long, and the interest and liquidated damages incurred are relatively large, this kind of The situation must be negotiated.

For example, the cardholder owes about 5,000 yuan, but it is overdue for 3 years and has to pay back more than 10,000 yuan with interest. At this time, you can try to negotiate with the bank.

(2) If the amount owed is relatively large, although the overdue period is not long (generally more than 3 months), a large amount of interest will accrue. At this time, you can contact the bank to negotiate for reduction or exemption.

(3) The amount owed is relatively large and the overdue period is relatively long. Negotiation is necessary at this time. Generally, it does not exceed 30,000 yuan. The bank will not sue easily if it can contact the cardholder. , when you plan to repay the loan, you can contact the bank to negotiate for reduction or exemption.

2. What will happen if you are sued for an overdue credit card?

1. Continuous reminders from the bank

(1) When the borrower repays overdue, The bank's credit card customer service center will first make multiple phone calls;

(2) If the payment is still outstanding, the bank will entrust a third party to collect the money, usually through continuous phone calls, text messages, or even door-to-door collection;

(3) If the debt is not repaid after repeated calls, the bank will sue the court.

2. Being sued by the bank and unable to apply for a loan

The cardholder will be added to the credit blacklist and unable to apply for a loan. The court will collect collection. After receiving the court summons, after investigation and Persuade and urge repayment, but if the cardholder refuses to repay, the court can take enforcement action; subsequently, the court will liquidate the cardholder's assets to repay the card debt and freeze the relevant property.

3. Malicious default will lead to imprisonment and fines

(1) A credit card that is overdue for three months can be regarded as a malicious overdraft penalty, but if you communicate with the bank in advance, you can prove Depending on your repayment ability and repayment plan, you will generally not face criminal liability.

(2) However, the court ruled that cardholders who still do not return may face consequences of three years in prison and fines in serious cases, and particularly serious cases will face a longer term of three to seven years in prison. and pay fines.

3. What are the consequences of not paying back your credit card overdue?

1. A bad credit record;

2. Interest: calculated at 50,000 per day;

3. Liquidated damages, fines, etc.;

4. Malicious credit card overdrafts may also face criminal penalties;

5. Being blacklisted by the bank.

If the cardholder wants to negotiate to repay only the principal of the credit card, he should take the initiative to contact the bank, truthfully inform the bank of his personal situation, indicate his current predicament, and explain that he did not intentionally fail to repay the loan. Just because I can't afford it yet, I applied to the bank to repay only the principal. The bank will consider this situation at its discretion, but may not necessarily agree.