1. Can I negotiate interest-free if my ICBC credit card is overdue?

1. Is it possible to negotiate interest-free if my ICBC credit card is overdue? If your credit card is overdue, you can negotiate for interest-free, explain the reason for the overdue payment, show your willingness to actively repay, and strive for a longer interest-free period. However, ICBC is a state-owned holding, so the probability of successfully negotiating interest-free is not very high.

2. Legal basis: Article 671 of the "People's Republic of China and Civil Code"

The lender failed to provide the loan in accordance with the agreed date and amount, resulting in a If a person suffers a loss, the loss must be compensated.

If the borrower fails to collect the loan according to the agreed date and amount, the borrower shall pay interest according to the agreed date and amount.

Article 674

The borrower shall pay interest according to the agreed period. There is no agreement or the agreement is not clear about the period for payment of interest, and it cannot be determined according to the provisions of Article 510 of this Law. If the loan period is less than one year, it shall be paid when the loan is returned; if the loan period is more than one year, It shall be paid at the end of each year. If the remaining period is less than one year, it shall be paid when the loan is returned.

2. What are the consequences of not paying back a bank loan

1. Overdue for more than 90 days, if the circumstances are serious, it can be regarded as malicious overdue, and the bank’s collection may also cause harm to you and your family. Life pressure affects the normal life of individuals and families;

2. Regarding overdue fees, there will be some expenses such as liquidated damages, penalty interest, etc. The specific charges need to be charged according to the contract. Different institutions have different charges. Loan products charge different penalties or penalty interest;

3. Impact on personal credit record. Bad credit record will become a hindrance to future mortgage, car loan and other loans, as well as credit card processing. .