Handling the consequences of suspended accounts

1. Refuse to handle credit business. Customers with interest-stopped accounts are considered dishonest and will be rejected when applying for credit cards, bank loans and other services.

2. Credit card limit cannot be increased. After the interest rate is suspended, the bank will consider that the credit card holder does not have sufficient repayment ability and the borrowing risk is high, and will not allow the credit limit to be increased.

3. Overdue reminders will only be collected. After the interest rate is suspended, the repayment must be made in accordance with the agreement. Once it is overdue, it will be collected, or it may be suspected of credit card fraud and bear legal responsibility.

The so-called suspended interest payment means that the cardholder fails to repay the debt within the specified time and is unable to repay in the short term. For processing needs, the bank will no longer calculate interest on the debt amount. Processing, but the principal balance of the debt and the interest previously accrued and yet to be repaid will still be recorded in the account in the name of the cardholder.

Analysis of the pros and cons of suspending credit card interest rates and hanging accounts

1. Benefits

1. After suspending interest rates and hanging accounts, the debt can be repaid in installments, although it is necessary to pay late installments. The payment handling fee will be charged, but no new interest will be generated, thus avoiding the situation of compound interest.

2. The maximum period of interest-free debt repayment can be divided into 5 years, which can alleviate the repayment pressure. Just make repayments every month in accordance with the signed agreement.

3. After applying for a suspended account, the bank will no longer collect debts from the cardholder, and there is no need to worry about endless debt collections affecting work and life.

4. After suspending the interest rate and suspending the account, you no longer have to worry about being sued by the bank for not being able to repay the money. It is recommended that you make a recording before handling the matter as a voucher.