Cancelled credit cards can also receive bills.
Four years ago, Mr. Zhou of Beijing applied for a credit card of China Bank with a line of 5,000 yuan. After using it for a while, he decided to return the card. "I will call the credit card service center first and let me repay the money according to the amount owed; I went to the bank counter to pay back the money and told the teller to cancel the card, so give me an accurate repayment figure. " After that, Mr. Zhou saw that the two figures were the same and returned the money according to the figures. After three verifications, Mr. Zhou reached a consensus with Bank of China and successfully cancelled it. However, on the next month's billing date, Mr. Zhou received the bill again, and 14 yuan's debt needed to be repaid. Mr. Zhou called the customer service center and was told: "On April 25th, 20 10, you generated a bill with a score of 23 for 198 yuan, and you needed to repay it on May 20th, but your repayment was too late on May 20th, resulting in the interest of 28 for 4 yuan. After that, interest has been generating interest. "
Unpaid interest was blacklisted.
The cancelled credit card generated interest on historical expenses, which puzzled Mr. Zhou anyway. He never paid interest. One day in 20 12, Mr. Zhou wanted to update the vehicle, but the loan procedure was not completed. It turns out that FAW cooperates with the bank and has an interest-free loan of 18 months. However, Mr. Zhou was told that China Bank had put him on the list with financial stains, and he could not get a loan, so he paid more than 7,000 yuan in interest.
The "anonymous" interest rate has increased 23 times in three years.
Mr. Zhou decided to pay back the money. The bank told him that the amount he should pay now is 99 cents in 97 yuan. Mr. Zhou had the money ready. When he arrived at the Bank of China, the staff told him that if he paid back the money in 97 yuan at 9: 09, he would not be able to pay off his debts. The bank just asked Mr. Zhou to deposit more money than the bill. Huang Zhen, director of the Institute of Financial Law of the Central University of Finance and Economics, believes that Mr. Zhou and the bank terminated their contractual relationship by canceling their credit cards. The so-called debt generated after the settlement of the creditor-debtor relationship has nothing to do with Mr. Zhou, and the bank's own mistakes have caused some new discrepancies, which should not be traced back to Mr. Zhou. The interest rate of 4 yuan Duoduo rose to 97 yuan Duoduo in February 20 12, which increased by 23.23 times in three years.
The law forbids compound interest.
Professor Huang Zhen, director of the Institute of Financial Law of the Central University of Finance and Economics, said that compound interest, also known as snowball usury, is a means of usury. Compound interest is generated by counting the interest of the previous period into the principal of the current period. The law of our country explicitly prohibits the method of compound interest. In the process of issuing credit cards, the clauses of some banks clearly point out that this is a typical overlord clause, and it is a blatant illegal act calculated by compound interest, which must be reviewed and the relevant departments are required to ban this public provision.
Therefore, Cai Xiao suggested that if a cardholder encounters such a thing in the process of using a credit card, he should protect his personal interests by law. It is necessary to make it clear that this kind of compound interest behavior is illegal and should be reported to avoid losing his property because of the illegal compound interest behavior of the bank.