What should I do if my credit card (credit card) is overdue?

If the credit card (credit card) is overdue, if it is within the grace period, the repayment within the grace period will still be considered normal repayment. If there is no grace period or the payment is made after the grace period, it will be regarded as overdue payment. If this happens, be sure to call your bank. After showing that you are not maliciously overdue, you will need the bank to issue a certificate stating that you are not maliciously overdue. Then your future applications for mortgage loans, car loans, and credit cards (debit cards) will not be affected.

In short, you must repay as soon as possible after the due date. The longer the delay, the more disadvantageous it will be for the cardholder.

What to do if your credit card is overdue

1. As long as there is an overdue repayment record in the overdue credit report, it will have a certain impact on personal credit. However, personal credit reports do not permanently record past due information. As long as the overdue person has paid off his debt and maintained a good credit record for 5 years, anyone can restart his credit record. Although overdue records will be kept in the credit report for 5 years, as long as the conditions are met, the overdue records that have been paid off will not affect the borrower's loan or credit card application: if the borrower is overdue for no more than three months, as long as the borrower is repaying You can maintain a good credit record for half a year after clearing your debt.

2. After paying off the balance for half a year, the borrower can reapply for a loan or a credit card. If the loan is overdue for more than three months, the borrower must maintain a good credit record for two years after paying off the debt. Two years after paying off the balance, the borrower can reapply for a loan or apply for a credit card. It is worth noting that overdue records after 5 years are deleted, which means that overdue records in the credit report are only retained for 5 years. Overdue records in the bank database are retained for life. As long as the bank wants to inquire, it can find overdue records at any time. However, in order to give borrowers a chance to reform, banks will not inquire about borrowers’ overdue records from many years ago.

1. Late repayment after a credit card overdraft is a breach of contract. The bank can require the cardholder to repay the principal, overdue interest, overdue fines, over-limit fees, etc.; if the bank wins the lawsuit, the cardholder will also bear the litigation costs. Secondly, if the cardholder maliciously overdrafts a certain amount for the purpose of illegal possession and fails to repay it overdue, which constitutes a credit card crime, he will also bear criminal liability. Finally, overdue credit will leave a bad credit record for the cardholder, which will affect the smooth progress of the cardholder's future loans and other activities. The borrower shall repay the loan within the agreed period. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined in accordance with the provisions of Article 61 of this Law, the borrower may return the loan at any time; the lender may urge the borrower to return the loan within a reasonable period of time.

2. Article 207 If the borrower fails to repay the loan within the agreed time limit, he shall pay overdue interest in accordance with the contract or relevant national regulations. If the borrower repays the loan in advance, unless otherwise agreed by the parties, the interest shall be calculated based on the actual loan period. Article 196 of the People's Republic of China and the Criminal Law of the People's Republic of China. If a credit card has one of the following circumstances and the amount is relatively large, If the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; If the amount is particularly huge or there are other particularly serious circumstances, the offender shall be sentenced to not less than 10 years of imprisonment or a fine of not less than 50,000 yuan but not more than 500,000 yuan and property confiscation.

What should I do if my loan or credit card is overdue?

2. How to get a loan if your credit card is overdue 1. If your credit card is overdue only once or twice, banks will generally not deny the loan, but they may increase the loan interest rate appropriately, which is the first situation mentioned above. Answer: The People's Bank of China stipulates that all card-issuing banks must upload customers' consumption and repayment records regularly and cannot be tampered with. When you apply for a loan in the future, the lending bank will comprehensively refer to your credit record. Not only for those who are short of money, they will basically consider applying online instead of borrowing money from friends. Below, Dingding has found 6 better mobile loan apps to explain to you.

There are no consequences for credit card loans

It is illegal to fail to repay a credit card loan overdue.

Non-repayment of credit card loans not only affects banks, but also affects the flow of funds in society. Once there is a stain on your credit record, future financial lending behavior will be affected.

1. Overdue credit card loans are not only subject to a late payment fee of 5% of the minimum unpaid portion, but also a penalty interest on the full amount of the bill (the daily interest rate is 0.5%, and the interest will be calculated starting from the day of consumption, and the interest will be charged monthly) Until the principal and interest are repaid), it will also produce a bad credit record in the Credit Reference Center of the People's Bank of China, which will seriously affect the application for credit cards and bank loans within 5 years.

2. If you are overdue for more than three months or fail to repay more than two bank reminders, the bank will freeze the card and list it as a prohibited customer (blacklist). At the same time, your credit card and malicious overdraft will be charged. , enforced.

3. If you later refuse to repay and the amount owed exceeds RMB 10,000, you will be sentenced according to Article 196 of the Criminal Law, Credit Card Crimes.

Extended information:

Overdue repayment refers to the situation of exceeding the final repayment period stipulated by the bank and failing to deposit the consumed funds into the designated account in full and in time. Overdue payment will accrue interest and affect your credit report. In serious cases, you may be jailed.

Credit cards have two concepts: billing date and repayment date (also known as the final repayment date). The billing date is the day when transactions within a billing cycle are settled, and the repayment date is a repayment period.

Because it is impossible to restore the situation of your contact with customer service, it does not rule out that you misunderstood the customer service staff’s explanation or the customer service staff’s explanation was unclear or even incorrect.

The main function of the repayment date is for banks to determine whether the cardholder has a malicious overdraft tendency and to determine the cardholder's financial status. Therefore, repayment after the final repayment date will inevitably result in an overdue record. Whether this record can be changed from the central bank requires further negotiation with the card issuing bank.

It is recommended that if the entire limit is not met, you can pay the minimum repayment amount first, which will not affect your credit limit. At the same time, there will be a buffer period to facilitate the bank to understand the capital flow of your account in a timely manner. Freeze the account!