Many negotiated repayments are overdue, and credit information will show overdue records. Repayment by agreement does not cancel overdue records, but only gives everyone a longer repayment time, which is also a measure for banks to solve non-performing loans. After negotiation for repayment, no interest will be calculated on the credit card arrears, and the cardholder shall fulfill the repayment obligation within the agreed time limit and pay the handling fee in addition to the principal. Although the arrears have not been paid off in one lump sum, they will not be recovered. Unless it is overdue again during the cardholder's holding period, the recovery of arrears will start again and interest will be resumed according to the amount of arrears.
If the cardholder fulfills the repayment obligation on time, the credit investigation will never be overdue, and the credit investigation can be resumed within 5 years from the date of paying off the arrears. But the key point is that many banks will have additional conditions when negotiating repayment. For example, many card friends say that Shanghai Pudong Development Bank must accept the permanent suspension of credit reporting. Once agreed, the consequences will be more serious than overdue.
Credit stop payment is a special transaction record. In addition to the issuing bank no longer allowing cardholders to use credit cards, it will also blacklist cardholders as non-paying customers, which means that there is no chance to come to the bank to handle credit business, and it will also affect the handling of credit business of other financial institutions. Check the credit to see if they inadvertently refused to pay.