Recently, some cardholders cried and complained that their credit cards were accidentally "maxed out" and they could not repay the full amount. They wanted to apply for installment repayment, but the application was rejected by the bank. What exactly is going on?

Today, the editor has compiled for you some situations in which credit card installments have been rejected. When you have these behaviors, many banks may refuse to repay in installments.

1. Insufficient personal comprehensive rating

This comprehensive score is basically calculated based on your consumption records, personal credit report, etc. If your overall personal score is insufficient,min pay it is normal for your credit card installment to be declined.

2. The application time is wrong

There is a time limit for credit card installment applications. You can only apply for installments for the current month's bill.ofw quick cash loan online If the cardholder misses the final repayment date, there will be no way to make installments.

3. Limitation on the number of installments

In fact, each bank has a limit on the number of bill installments. Some banks limit the number of applications based on the billing date;debt consolidation some banks limit the number of applications by not being able to apply again within a certain time interval between two consecutive applications. Therefore, when you apply for a credit card, you should consult these information clearly. Or you can consult the bank staff later.

4. Debt ratio is too high

This is easy to understand. When your credit card installment amount is too large, and many of them have not been paid off, the bank will definitely have to worry about whether you can't afford the repayment. And for most banks, if the debt ratio exceeds 70% for three consecutive months, they will be regarded as "high-risk" customers. It will be more difficult for this kind of people to apply for installment.

5. Illegal use of cards

The two most common illegal card usage behaviors are overdue credit cards and the more obvious "cash-out" behavior. We all know that credit card installment repayments still have very high credit requirements for cardholders. When there are overdue behaviors in your information center, the bank will determine that you are a dishonest person. So I would rather not have your installment interest than give you the opportunity to repay in installments.

6. The installment amount is unreasonable

This point is mainly reflected in the amount, especially the repayment of some smaller amounts. We all know that the reason why banks provide the installment repayment function is to "earn" interest from you. When your amount is smaller, the interest is minimal. Moreover, the bank itself has certain regulations on the amount of installment repayment. If the requirements are not met, how can it give you authority?

Therefore, when you fail to apply for a credit card installment, carefully check whether you have done these six points.