How to apply for suspension of ICBC credit card?

To apply for credit card suspension, we must first make sure that the amount owed by the cardholder exceeds his repayment ability, and the cardholder must have the willingness to repay. Only on these two premises can you apply for suspension from school. When applying, you need to explain clearly the reasons for overdue. After explaining the reasons for overdue, it should also provide sufficient information to prove, and at the same time indicate to the bank the willingness to actively repay.

Stop payment refers to a way that the cardholder and the bank reach a personalized installment repayment agreement, re-establish the fixed limit, temporary limit and reserve fund in the credit card, re-installment and repay the loan on time every month after the credit card fails to repay.

According to the provisions of Article 70 of the Regulations on the Supervision and Administration of Credit Cards, you can apply to stop payment if you meet the following four points:

Condition 1: the cardholder has the willingness to repay;

Condition 2: the cardholder has the ability to repay by installments;

Condition 3: the cardholder is overdue and cannot repay the arrears in one lump sum;

Condition 4: the cardholder wants to return to the normal living environment, stop the collection, and does not want to be executed;

After the credit card is overdue, it is essential to pay high liquidated damages and penalty interest. Many people like to pay back a little if they have money, but if they can't pay off with the principal, the penalty interest will be deducted from the returned money first, and the principal will hardly be reduced. As a result, the debt problem has been unresolved for a long time.

After the credit card is overdue, the cardholder should not blindly pay back the money. The bank's stop-and-pay plan can help us. If it is confirmed that the credit card debt exceeds the cardholder's repayment ability, the cardholder is still willing to repay, and the cardholder can negotiate with the bank on an equal footing to reach a personalized installment repayment agreement.

In other words, if the cardholder's credit card is overdue and cannot be repaid in one lump sum, but he still has the willingness to repay and the ability to repay by installments, he can negotiate with the bank if he wants to return to normal life as soon as possible. This can prevent the increase of liquidated damages and collection, and also prevent the bank from collecting. The arrears of overdue cardholders can be divided into up to 60 months.