China Guangfa Bank needs to grasp three points in its phased negotiations:

By grasping these three points in phases, the negotiation can basically be successful. However, the intensity of the reduction and the number of installments depend on Guangfa Bank’s policy.

First, express your willingness to repay and the reasons for overdue repayment.

Be sure to emphasize many times that you are willing to repay the loan and will not avoid debt. In addition, you have a monthly repayment record, but interest is deducted on the money you deposit. Moreover, I also actively cooperate with your collection work. I will answer your calls as long as I am not busy, and I have been actively thinking of ways to deal with this debt.

It is not my intention to be overdue. The main reason is that the impact of this year’s epidemic has caused my income to be unstable. Moreover, there are old people and children to support at home, so there is really nothing we can do if it is overdue.

Note: After your credit card expires, you must keep monthly repayment records. It doesn’t matter if the amount is 100-200 yuan. Don't pay too much, otherwise interest will be deducted. Especially in the first three months, interest will be deducted on all repayments first. After three months, some banks stipulate that the principal will be deducted first for repayment. Therefore, if you make a small overdue repayment in the first three months, you can make a large repayment according to the bank after three months.

When you talk about the reasons for overdue, remember not to talk about investment or business failure, because banks stipulate that credit card funds cannot be used for investment. You can talk about unstable income, unemployment, etc. due to the epidemic.

Second: Express the impact of overdue collection on your life and work.

Note: When describing the impact of a collection, you can use hyperbole, but only in moderation.

Third, put forward your own demands and negotiate the installment requirements.

Although I cannot pay off all the debt at once, I still hope that this debt can be paid off in installments, so that I can avoid the pain of collection and your bank can also collect this debt. . However, with my current ability, one time is too much and it is unrealistic. Moreover, your bank interest rates are rising too fast, and liquidated damages and interest rates are too high. This method of charging interest is also unreasonable. I want to reduce the liquidated damages and part of the interest. If it doesn't work, I will go to the China Banking Regulatory Commission to complain to your bank. After the exemption, I hope to be able to repay the loan in about 24 installments. If you cannot meet my requirements, I will also go to the China Banking Regulatory Commission to complain to you, because according to Article 70 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", when my debt exceeds my repayment ability, your bank should give me A fair and equitable plan with negotiated repayment in installments.

Note: The highest success rate for negotiated installments is 24 installments. If you want to get a higher installment number, you need to provide some proof to the bank, such as proof of hardship, serious illness cases, etc. If you don't have these certificates, you can only continue to complain to the China Banking Regulatory Commission and ask the other party to help you get the maximum installment number. If it fails in the end, I suggest you make an agreement first. If you don't move later, after being sued by the bank, you can still negotiate before going to court.

Finally, to summarize, the skills for negotiating installments after the Guangfa credit card is overdue are mainly to grasp three points for negotiation: expressing one's willingness to repay, emphasizing the impact of collection on one's life and work, and one's own demand for negotiated installments. Related questions and answers: