1. What are the conditions for the overdue application of the credit card to stop the payment of the principal?

The user has confirmed that the credit card debt exceeds his repayment ability; Users have the willingness to repay; There needs to be a more appropriate reason. If the above three conditions are met, the user can apply to stop interest and repay the principal. It should be noted that the stop-loss account occurs after the deadline. When it is not overdue, you cannot apply for a stop-loss account. For users, stopping interest payment can help users to repay in a planned way, and at the same time, the reduced interest can reduce the repayment pressure of users and make users pay off overdue debts as soon as possible.

If the cardholder can't repay the credit card debt or loan on time due to special circumstances, the bank will stop calculating the interest on time after consultation with the bank and leave the loan for later processing. Simply put, stopping paying bills means that money is owed first, but the owed bills will not be cleared and will still need to be repaid in the future.

Second, how to deal with the overdue credit card after being sued?

If the credit card is sued for overdue, you should take the initiative to contact the bank to see if you can mediate privately. If the bank agrees to draw lots as soon as possible and pay off the arrears, if the cardholder really has financial difficulties, he can communicate with the bank to postpone the repayment. Usually, banks just want to recover their debts as soon as possible, and they don't really want to take the cardholders to court. Therefore, the cardholder can usually guarantee that he can repay the loan as agreed and take action later. If the cardholder does not take any action, it may be considered as a malicious overdraft. Malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or term for the purpose of illegal possession and refuses to return it after being urged by the issuing bank.

After the credit card is overdue, the bank will send a text message to collect it. Cardholders had better not resist. If the bank calls to answer the phone as soon as possible, don't think that if there is no money after the deadline, you can not answer the phone, or change the number so that the bank can't contact you. In this way, the bank will only think that the cardholder is maliciously evading the debt and will call the cardholder's contact. After the credit card is overdue, there will be penalty interest and liquidated damages. Cardholders should add the principal owed and the interest generated to calculate the actual amount owed, and then see how to repay it according to their income and liabilities. If the overdue time is less than 3 months, the cardholder can repay the loan as soon as possible with ease, instead of borrowing money from family, friends and relatives.

There are three conditions to be met when applying to the bank to stop paying the principal, which can not only reduce the financial pressure of cardholders, but also solve the problem of overdue credit cards. If the bank does not agree with the cardholder's application, it can borrow money from relatives at home to make up for the loophole, and then return the loan to them when it has money. If the cardholder is sued, it is necessary to explain the reasons for overdue and try to get the bank to withdraw the lawsuit.