How to negotiate installments for overdue ICBC credit cards (how long to negotiate installments for overdue ICBC credit cards)

1. How to negotiate installments for overdue ICBC credit cards

1. If you want to negotiate interest-free installments after overdue, the cardholder must first propose to ICBC to negotiate installments When applying for repayment, truthfully explain the specific reasons why your credit card is overdue, such as unemployment, bankruptcy, serious illness, etc. During this period, you must provide the corresponding information as required by the bank and wait for the bank's review.

2. If approved by the bank, the cardholder can negotiate for installment repayment and formulate a personalized repayment plan. However, if the cardholder is overdue without special reasons, banks generally will not agree to negotiate installment repayment. In order not to be regarded as malicious overdue, they can only pay the minimum repayment amount every month.

2. What should I do if the overdue interest on ICBC credit card is too high?

1. If the cardholder’s debt exceeds the current repayment ability, he or she can apply to the bank for an interest suspension and hanging the account. . First of all, you need to express your positive willingness to repay to the bank to avoid thinking that the cardholder has a malicious overdraft. After that, you need to provide proof of your current financial difficulties, and then negotiate with the bank.

2. Proof of financial difficulty can be issued by the village committee, neighborhood committee, etc. The seal or signature of the organization will have legal effect. Cardholders can apply to the bank to reduce or reduce the interest on the outstanding balance, which can be paid off in 60 installments up to 5 years. After having proof of financial difficulties, the cardholder can proactively contact the bank and request negotiated repayment.

3. How long does it take for an overdue ICBC credit card to be restored? 1. Under normal circumstances, when the cardholder’s overdue records are uploaded to the central bank’s credit system, the bad records will Remain on credit report for 5 years. This 5-year period starts when the debt is paid off. If the debt is not paid off, it is impossible to restore the credit report.

2. After overdue repayment of a credit card, do not cancel the credit card immediately. Instead, you should insist on using the card for more than two years, and keep your credit in good condition during the period. Use the bank's rolling mechanism to use new good records. Bad records will be overwritten from the credit reporting system.

Don’t panic if your debt is overdue. Legal assistance will help you negotiate, and a professional team of lawyers will plan a repayment plan for you one-on-one.