Occasionally, if there are overdue items or there are few overdue records, the bank will accept the application and approve it, but will take reduction measures. If there are too many overdue cards and the overdue time is too long, the bank will reject your application.

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

If a credit card holder is overdue for more than 90 days in the past 24 months or is overdue for a total of 6 periods (times) or more in the past 24 months, it will be recorded in the credit reporting system as a credit card with bad credit.

The Provident Fund Jiande Branch reminds the general public to establish and maintain a good personal credit record. Personal loans or credit card overdrafts must be repaid before the repayment date. Otherwise, a bad credit record will be formed, which will be harmful to individuals and families. bring negative impact.

Extended information

Consequences of overdue credit cards

1. Liquidated damages are incurred, which are generally the minimum repayment amount and 5% of the unpaid portion.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Baidu Encyclopedia - Credit Card

People's Daily Online - Overdue credit card repayments will affect your credit and it will be difficult to apply for a provident fund loan