Asking for help, what is negotiated repayment? What is negotiated repayment?

The professional term for negotiating repayment is interest-free accounting, also known as personalized customized installment, which is mainly for the second installment after the credit card is overdue, which can reduce part or all of the interest and liquidated damages. The main financial products for negotiated repayment are credit cards, loans behind credit cards, and lines of credit from various financial institutions.

In today's society, some friends have excessive repayment pressure, or even inability to repay due to excessive consumption, entrepreneurial failure, and major family changes, and eventually overdue, so that the interest fee will roll higher and higher. In a situation like this, most people don't know how to deal with it, resulting in the fact that they are now in arrears and dare not take the bank**, and they have been in an overdue state. As long as it is overdue, the bank will collect, including the third-party collection platform cooperated by the bank, will contact you, if you have not answered, the third-party platform of the bank cooperation will collect you in three ways.

Collection method: the first way, inform relatives and friends and your work unit, the current arrears status is well known, then you yourself are very faceless, like this is generally a violation, because the cardholder can only be informed of the emergency contact in the case of loss of contact, and there is no right to inform these units and these relatives and friends.

The second is to send a lawyer's letter to your reserved address, but it has no effect on you, mainly to increase your psychological pressure and urge you to repay the money as soon as possible.

The third way to send a court summons, the court summons is generally sent in the form of a letter, if it is not a letter, such as YTO, Shentong, etc., then it is a third party using this to cause psychological pressure on the debtor to urge the way to repay the money as soon as possible, which is generally not true.

Negotiated repayment means that when an individual is unable to repay the debt owed by a bank or financial institution, he or she needs to negotiate with the bank or financial institution to repay the loan in installments. If you negotiate with the bank to repay the loan in installments, many banks can repay only the principal. If all interest is waived, as well as liquidated damages, the principal can be repaid in up to 60 installments, that is, five years.

So what is the basis for negotiating repayment for five years, and the provisions of Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks. Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's ability to repay, and the cardholder is still willing to repay, the card-issuing bank may negotiate with the cardholder on an equal footing. Reach a personalized installment agreement with a maximum term of no more than five years.

What are special cases? For example, he was hospitalized because of a serious illness, went to prison, went bankrupt, and was over-indebted. and so on are considered special cases.

Then confirm that the amount owed on the credit card exceeds the cardholder's ability to repay. This means that if we can't pay the money now, for example, the bank requires us to repay 30,000 yuan in a lump sum, and I only have 1,000 yuan on me, and I have an income of 2,000 or 3,000 yuan a month, which is beyond some of our repayment ability. When the cardholder is willing to repay, the issuing bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement.

This refers to the fact that in the process of negotiation between you and the bank, if the bank does not accept it, there is a certain chance. You can directly tell the bank that according to Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, our status is equal and we can negotiate on an equal footing. It's not wrong that I owe money, but I'm also your customer, and I ask for equal consultation.

If you can't handle it, please transfer your leader or supervisor, and we will negotiate on an equal footing. The point here is that the regulations are very clear, the maximum is five years and sixty periods, which is the longest period. Don't think it's longer.

If you make such an unreasonable demand, the bank will think: If you don't have the sincerity to negotiate, you won't accept it directly, which is the basis for negotiating repayment. We can use this basis to communicate effectively with the bank.

Negotiation, also known as agreement repayment, should be agreed upon by both parties.

Negotiated repayment refers to the active repayment terms and agreements reached by the lender and the borrower through communication in accordance with the provisions of the loan contract or agreement signed between the borrower and the lender, and the borrower has been in arrears for a long time.

Here's how to negotiate an online loan to repay only the principal:

2.Contact the borrowing platform: Contact the customer service of the borrowing platform, explain your situation and ask for only the principal repayment. You can communicate with the platform through **, **customer service or email.

3.Provide relevant evidence: If there are special circumstances that make it impossible to repay the loan as agreed in the contract, you can provide relevant evidence, such as income certificate, medical certificate, etc., to prove that your financial situation or living situation has changed significantly, and you are unable to repay the interest on time.

4.Seek assistance from a third-party institution: If you cannot reach an agreement with the lending platform, you can seek assistance from a third-party institution, such as a consumer rights protection organization or a dispute resolution institution. These agencies can provide professional help and guidance to help resolve disputes.

5.Consult a legal professional: If the situation is complicated or negotiations with the lending platform are unsuccessful, you can consult a legal professional for legal assistance or legal guidance. Legal professionals can give legal advice and assistance according to the specific situation.

It is important to note that negotiating principal repayment may lead to overdue interest, which may negatively impact an individual's credit history. When negotiating a repayment method, you should make reasonable trade-offs and choices based on your own economic situation and the specific terms agreed in the contract.

Negotiate repayment, don't do it if you are afraid that it will have an impact on the credit report.

The premise of negotiating repayment is that your bill is overdue, and there is really no way to settle the arrears at one time, but you can take out a small part of your income every month to deal with the bill debt, which can be negotiated, if you are unable to make ends meet every month, there is no need to negotiate, because even if you successfully reach a negotiation plan, you will not be able to pay it every month, and the bank will not give you any chance. Therefore, you must do a good job of debt planning before negotiation, if you don't know how to plan your debts, you can send me a private message to help you make a detailed and reasonable plan for free.

When you are unable to repay the loan you owe at this stage, you can negotiate with the bank you owe to see if you can postpone the repayment, but you need to bear a certain amount of additional interest.

If you have difficulties, go to the bank as soon as possible to negotiate.

1. Who to negotiate for repayment.

1. Who to negotiate repayment to judge according to the following circumstances:

2) Go directly to the installment online platform to find customer service to consult whether you can negotiate the repayment.

2. Legal basis: Article 70 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks.

Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's ability to repay, and the cardholder is still willing to repay, the issuing bank may negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement. The maximum term of a personalized installment agreement may not exceed 5 years.

The content of the personalized installment repayment agreement should include, at a minimum:

1) The balance, structure, and currency of the arrears;

2) the period, method, currency, date and amount of repayment in each installment;

3) Whether annual fees, interest and other fees are charged during the repayment period;

4) The cardholder shall not apply for a credit card from any bank before the relevant amount of the personalized installment repayment agreement has been fully settled;

5) the rights and obligations of both parties and the liability for breach of contract;

6) Other matters related to repayment.

If both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing business service institution shall stop collecting the cardholder, except in the case where the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must retain the audio recordings. The recording materials shall be retained for at least until the date of settlement of arrears.

2. How to negotiate repayment.

Here's how to negotiate repayment:

1. Express your willingness to repay to the bank;

2. Prove your ability to repay, the borrower provides some personal proof of work or income, so that the bank can borrow and still have the ability to repay the loan;

3. The borrower should not expect the bank to waive any interest and liquidated damages during the negotiation, and should choose the number and amount of installments to repay the loan based on the current situation.

Correct and effective negotiation repayment needs to be done, and these five points should be done well!

First, the attitude towards the card issuer should be good, because we are negotiating, not demanding, and it will be much better to negotiate with a good attitude.

2. The ability to repay must be there, and it is also necessary to make a reasonable installment request according to their own situation and the amount of arrears, without being unreasonable.

3. During the negotiation, tell the card issuer about your demands, what difficulties you have encountered, why you can't pay it back, how much your current income is each month, and how much you can repay each month (excluding daily expenses).

Fourth, don't run away from arrears, don't avoid collection, and don't lose contact.

5. When necessary, they can protect their own rights and interests through legal means. Through legal restructuring, a personalized instalment repayment agreement was reached, up to 5 years and 60 months interest-free repayment plan.

According to Article 70 of the Measures for the Management of Credit Cards of Commercial Banks, after the cardholder is overdue due to special reasons, he or she can negotiate with the issuing bank to repay the loan to reduce the repayment pressure, and the maximum interest-free repayment plan is 5 years and 60 months!

I'm afraid that the negotiation is over, but it can be delayed for a while, why negotiate! Do what you have to do.

1. The borrower's attitude should be sincere: the borrower should communicate with the bank sincerely and try his best to repay the loan every month;

2. Prove your ability to repay: The borrower provides some personal proof of work or income statement, so that the bank can borrow and still have the ability to repay the loan;

3. Negotiate the installment amount according to your ability: The borrower cannot expect the bank to waive any interest and liquidated damages during the negotiation, and should choose the installment number and amount to repay the loan based on his personal current situation.