1. What are the consequences of overdue credit cards?
1. Overdue consequences Charging high interest
After users use a credit card to overdraft, they generally have an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder fails to fully repay the overdraft within this interest-free repayment period, the cardholder will no longer enjoy the bank's interest-free treatment for all expenses incurred last month, and the recurring daily interest rate is as high as 0.05%. , that is, the annual interest rate reaches 18%.
2. Credit card late payment fees will be incurred.
Credit card late payment fees refer to when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount. Specifies the fees payable to the card-issuing bank. At present, the standard for late payment fees of most banks such as China Merchants Bank, China Construction Bank, ICBC, and Shenzhen Development Bank is 5% of the unpaid portion of the minimum repayment. The minimum late payment fee for CCB Long Card is RMB 5, while the minimum late payment fee for CMB Dual Currency Credit Card is RMB 10. Yuan or 1 US dollar.
3. It will produce a bad credit record.
Credit card users who repay overdue will be recorded as bad credit records, and the basic database of personal credit information has been networked nationwide. As long as residents have handled loan business in banks, , applied for a credit card, or provided guarantee for others, etc., then you can check the credit report at any domestic commercial bank. For customers with bad records, banks will treat them with caution in future loan applications and may require customers to provide mortgages and guarantees, may reduce the loan amount, increase the loan interest rate, or even refuse the loan. On the contrary, if the credit report has a good record, you may enjoy preferential treatment in terms of amount and interest rate in future credit business.
4. Litigation costs may arise over time.
If the cardholder fails to repay the overdraft after 2 months, the bank will call the user to remind the user to repay. If the loan is not repaid, the bank will ask a lawyer to issue a lawyer's letter to the user. If the user still refuses to repay the overdraft after 180 days, the bank will file a lawsuit in court.The losing party will bear the litigation costs of the case. When a bank sues to require repayment from the user, the bank usually wins the case, so this part of the cost will be borne by the user.
2. Why can’t I get a credit card if I have good credit?
1. The user's credit is good, but the credit card approval is always failed. The main reason is that the user's comprehensive credit score is low.
2. The user’s age, occupation, education, income, repayment ability and other factors will affect the comprehensive credit score. Just having good credit will not help the user pass the application. Credit card approval.
3. Users must improve their comprehensive credit score so that they have a certain chance of passing the review.
The consequence of an overdue credit card is that you will no longer enjoy the interest-free period. From the date of consumption, a certain amount of interest will be charged every day. The longer the overdue time, the higher the interest. high. If the overdue amount is huge, you may still be prosecuted and may even be imprisoned. You must be careful when using your credit card to avoid overdue payments, which may have a certain impact on your life and work and leave you regretful.
3. What to do if your credit card is 4 days overdue
1 . When a credit card is overdue, you must pay it back in time
Once a credit card is overdue, no matter how long the overdue time is, the first The first step to do is to pay back the money as soon as possible no matter how much money you owe, so as to minimize the possibility of having a worse impact in the future.
2. Be sure to answer the phone call from the bank
When a credit card is overdue, Generally, the bank will call to understand the situation. If the bank refuses to answer the call at this time, the bank will regard it as a malicious overdue payment, which will have a huge negative impact on the personal credit report. The bank must answer truthfully when asking you about the situation, and explain to the bank the reason for the overdue payment.
3. Continue to use credit cards and repay them on time
According to the relevant regulations of our country, overdue credit card records on personal credit reports will be retained for 5 years. During this period, you can continue to use the credit card healthily and cover up the overdue credit card through good credit card usage behavior and good credit Records.
4. How to eliminate bad records of overdue credit cards
1. Ask the bank to help delete overdue records
my country's commercial banks usually report customers' credit card, loan repayment and other records to the central bank on a one-month cycle. Relevant departments upload it. We can proactively contact the bank before the commercial bank reports it to the central bank. We sincerely hope that the bank will help delete the overdue records.
2. Open an application with the bank Non-malicious overdue certificate
If your credit card has been overdue for a period of time, and after contacting the bank, its credit card overdue record has been uploaded to the central bank. Department. At this time, we can still have friendly negotiations and communication with the relevant departments of the bank, take out the certification materials required by the bank, and ask the bank to issue a "non-malicious overdue certificate".
5. Is it serious if your credit card is overdue once?
If you have always maintained a good and healthy usage record of your credit card and repaid it in a timely manner, Then the impact of being overdue for 4 days should not be serious. If there is no repayment for a long time and the overdue time is more than one month, then the impact will be quite negative. Will the overdue credit card affect your credit report? On the one hand, it depends on the length of time you are overdue, and on the other hand, it depends on the relevant regulations of the bank.
If there are any unclear or new situations, we recommend that you call directly Free consultation to help you understand the communication case situation and provide you with detailed and targeted answers to avoid incorrect answers due to incomplete information and poor communication. I wish you success in safeguarding your rights.
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