First, the negotiation only repays the principal. If the credit card holder can't repay the full amount on the credit card bill on time, he can negotiate with the bank and ask to repay only the principal without paying interest and late fees. During the negotiation, the holder shall provide detailed financial status and reasons to prove that he has the ability to repay the full amount temporarily. If the bank agrees, the holder only needs to repay the loan according to the agreed amount.
Second, stop paying. The holder can also ask the bank to temporarily stop interest calculation, transfer the remaining funds into the account, and postpone repayment within a certain period of time. This can give the holder a certain buffer time, reduce the economic pressure, and thus repay the arrears as soon as possible. During the period of suspension and suspense, interest will no longer accumulate, and arrangements will be made according to the specific negotiation conditions such as suspense period and repayment method.
To sum up, after the credit card is overdue, you can try to negotiate with the bank to solve it, only repay the principal or stop paying interest. This can reduce the economic burden of the holder to a certain extent and provide him with more flexible repayment methods. However, it should be noted that the feasibility and specific details of these solutions will depend on the bank's policies and the personal situation of the holders.
Supplementary information:
-If the holder only chooses to repay the principal without paying interest and late fees, although the short-term pressure can be alleviated, the bank may take some measures according to the specific circumstances, such as limiting the credit limit and affecting the credit rating.
-When choosing the payment stop method, the cardholder needs to make clear the payment period and repayment arrangement with the bank, so as not to prolong the time to solve the problem and increase future liabilities.
-The above measures are only applicable to overdue credit cards. If other types of loans or debts are overdue, the solution may be different.
The above is an answer to negotiate repayment of principal or suspension of interest after the credit card is overdue. The specific solutions will vary according to the bank's policies and personal circumstances. It is recommended that the holder contact the bank in time to consult the relevant policies and conditions in detail.