As for the user's failure to repay as agreed during the suspension of interest payment, the bank will continue to collect money from the user and may sue the user.
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1 The English Translation and Writing Standard for Public Service was formally implemented, and the English name of Credit Card was stipulated.
Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
Three conditions for credit card suspension and deduction
1. Make sure that the credit card debt exceeds the cardholder's repayment ability: for example, you owe 200,000 yuan, but your monthly income is only 5,000 yuan. This is obviously a manifestation of debt exceeding solvency.
2. Cardholders should be willing to repay: This means communicating with the bank immediately before the deadline, rather than changing the contact information immediately to avoid bank collection.
3. Give appropriate reasons: the loan is not repaid according to the repayment date due to external factors, because of various reasons such as unemployment or illness.
Cardholders who meet these two conditions can directly call the customer service of the issuing bank, explain to the customer service that they are not maliciously overdue, and tell themselves the reasons why the credit card has not been repaid, and then they have to be approved by the bank. As long as the bank recognizes your reasons, stopping interest payment is half the battle.
After the bank agrees to stop paying interest, you should sign a personalized repayment agreement with the bank in accordance with the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks. In the personalized repayment agreement, it is necessary to stipulate the repayment period, specific repayment date, repayment amount per installment, annual fee, interest and other expenses. The bill introduced here can be repaid in 60 installments over five years, which can alleviate great economic pressure.