Credit card interest suspension installment conditions

Credit card interest suspension installment conditions

【1】Beyond repayment capacity

Only when the credit card bill really exceeds the cardholder's repayment ability can the cardholder apply for a suspension of interest payments. If the cardholder still has the ability to repay, he or she cannot apply for a suspension of interest or debit card payments.
【2】Cardholders who are willing to repay the loan need to contact the bank to explain the situation and negotiate before the final repayment date. If the cardholder changes his/her contact information or engages in other evasion measures such as bank collection after becoming overdue, the bank will not allow the cardholder to apply for a suspension of interest payments.
【3】There is a legitimate reason why the cardholder cannot repay the loan due to some force majeure factors, not because the cardholder is unwilling to repay the loan, and relevant documents need to be submitted to the bank to prove this.
It should be noted that credit card interest suspension and installment payments are subject to review. However, no matter what the review results are, the cardholder will be considered a dishonest customer. Therefore, when using a credit card, you must consume rationally and remember not to consume blindly.