How to apply for interest rate suspension and debit suspension with the bank?

How to apply to the bank for a suspension of interest rate and account suspension?

How to apply for a suspension of interest rate and account suspension from the bank. Suspension of interest rate and account suspension is a measure that needs to be taken as a last resort. The debtor will negotiate with the bank according to the negotiation results. Make timely repayments and guarantee that they will not be overdue again. Let’s take a look at how to apply for an interest rate suspension with the bank. How to apply for an interest-rate suspension with the bank 1

1. Conditions that need to be met:

1. Have a strong willingness to repay the loan

2. It has been overdue, but no Ability to make one-time repayment

3. After negotiation, repay the loan in a timely manner according to the negotiation results, and ensure that it will not be overdue. Personalized installments are generally divided into three results:

Interest reduction and one-time settlement;

Installment repayment, up to 60 installments; deferred repayment; no matter which plan , all must be processed on the premise of overdue. Before you are overdue, you can only contact the bank to explain the situation, and the bank can only agree to it after you are overdue.

2. Three methods of negotiating repayment

1. Submit proof of special circumstances to the bank, such as illness, unemployment, natural and man-made disasters, business failure, fraud, etc. But it’s not just about talking casually, you need to provide the evidence required by the bank, such as hospitalization certificate, unemployment certificate, poverty certificate, etc.

2. When the credit card repayment amount exceeds your repayment ability, provide your income certificate and statement to the bank, inform the bank that I have no ability to repay in the short term, and apply for an interest suspension.

3. Show the bank that you have a strong willingness to repay the loan. Do not lose contact after the due date so that the bank can contact you. Even if you don't have the money to repay the loan and it's overdue, don't lose contact and give the bank a reasonable explanation to show that you didn't do it intentionally.

3. Specific operation methods for negotiating repayment:

1. Organize your debts and contact the bank proactively

First of all You need to sort out your debts, including the total debt amount, installment amount, interest and liquidated damages, etc. Then, calculate the repayment amount you can afford, subtract necessary expenses from your monthly income, and repay all the remaining money. This step is very important as it shows the bank your willingness to repay. Finally, take the initiative to contact the bank to inform you of your current situation, the reasons for your inability to repay, your income, and the arranged repayment plan. After submitting the application, wait for the call from the bank.

2. Be sure to record when you answer collection calls

Just like when we make a customer service call, the other party will record it. We must also remember to record when we answer collection calls. First, clearly inform the other party that you have recorded it, and then ask the other party's identity, whether it is a third-party collection, a bank collection, etc. Then, calmly tell him your current situation and the reasons. And tell him that you are already negotiating with the bank, and the collection calls will be significantly reduced after that.

3. It must be well-founded and in compliance with laws and regulations

When receiving a return call from the bank, you must first confirm whether the other party is a bank employee, their employee number, etc. When negotiating, you must first express your willingness to repay, and then express that your current income cannot cover the repayment amount. At the same time, remember to inform the other party of your current special situation, but you cannot repay the loan in full.

IV. Things to pay attention to when suspending and suspending accounts:

1. Do not lose contact or lie, etc. Face the bank proactively and express your needs and attitudes.

2. Tell the actual situation truthfully and let the bank understand our difficulties.

3. To show that you have a certain ability to repay the loan, the cardholder must provide corresponding proof of work and flow of cash to prove that he or she has a stable source of income. If the negotiation is successful, you will be able to repay the loan.

5. Consequences of suspending interest rates and hanging accounts:

After suspending interest rates and hanging accounts, there will be a short-term impact on your credit report. For example, you will not be able to get loans, apply for credit cards, and most financial activities will be rejected, but you will not be able to pay the debt. After repaying the debt, your credit score will slowly recover. After five years, your credit score will be completely improved. How to apply for an interest rate suspension and debt suspension with the bank 2

1. How to apply for an interest suspension and debt suspension with the bank

1. Given the "irresistible" reason, according to the above-mentioned "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", cardholders can only apply for personalized installments when they are unable to repay. Therefore, everyone must first apply before applying. Expressing yourself is 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 you are rejected, the application , 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. What to do if you are sued for non-payment of an online loan

1. Take the initiative to negotiate with the bank

The first thing to do is, of course, to contact the bank. , you should know that although the bank can sue, it can also withdraw the lawsuit. Therefore, you can take the initiative to explain the situation to the bank and prove that your situation is indeed difficult. As long as you negotiate well with the bank, the bank will generally not be too embarrassed.

2. Repay the credit card

Since you are being sued for owing credit card money, then if you want to solve the problem, you naturally need to repay the credit card. Payment is made.

3. What is the process of interest suspension and account suspension?

1. Account suspension and interest suspension means that the borrower fails to repay the principal and interest of the loan on time for some reason, and the bank suspends the accounting processing of interest calculation on schedule. The loan balance and interest are left on the books (that is, pending) for later processing.

2. The legal basis for suspension of interest payments is in accordance with Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": Under special circumstances, it is confirmed that the amount of credit card debt exceeds the cardholder's repayment ability, and If the cardholder is still willing to repay, the card-issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement.

3. The application procedure requires the cardholder to contact the relevant bank staff according to the customer service number on the back of the card; then inform himself that he did not overdue the card maliciously, and explain clearly the reason why he failed to return the overdraft credit card in time. , it is best to elaborate based on the actual situation.

If you can successfully apply for an interest suspension, it will greatly ease the repayment pressure on the repayer, and the bank can also collect the debt earlier, but not everyone can apply, so When using credit cards, you still have to try your best to abide by the relevant repayment time regulations, otherwise it will cause overdue payments. Not everyone is so lucky to apply for an interest suspension. How to apply for an interest-rate suspension and hanging account with the bank 3

1. How to negotiate with the bank for an interest-rate suspension and hanging account

After the credit card becomes overdue, if the customer wants to apply for an interest-rate suspension and hanging account, he can directly call the service hotline of the card-issuing bank. Just submit an application to the customer service staff.

However, the bank will not agree directly and requires the customer to negotiate. During the negotiation process, be careful to explain clearly to the bank your temporary inability to repay, indicating that you did not intentionally overdue the loan. Also, it is best to provide certain information to support it, and then express your willingness to actively repay, so that the bank will consider it as appropriate.

In addition to applying for a suspension of interest rates, customers can also try to apply for an extension of the repayment period and repay the debt in installments. If the bank finally agrees, it will not try to interest again after the debt is owed. As for the interest incurred before and the principal of the debt, the customer only needs to repay it on time and in installments according to the newly negotiated repayment plan with the bank.

It is recommended that customers develop a good habit of repaying on time. If they find that they cannot repay on time, they can apply for bill installment or minimum repayment in advance before the repayment date to avoid overdue payments.

2. What will happen if the credit card is overdue and sued?

1. The bank’s continuous reminders

(1) When a loan occurs If a person overdues payment, 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, usually through continuous phone calls and text messages. , or even come back to collect the debt;

(3) If the debt is not repaid after repeated reminders, the bank will sue in 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 result in imprisonment and fines

(1) A credit card that is overdue for three months can be considered 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 has ruled that cardholders who still do not return may face consequences of three years in prison and fines if the circumstances are serious. In particularly serious cases, they may face a longer term of three to seven years in prison. and pay fines.

3. Consequences of overdue credit card repayment

1. Producing a bad credit record;

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

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3. Liquidated damages;

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

5. Being blacklisted by the bank.