Will the credit score be affected if the credit card is not overdue?

The credit score will not be affected if the credit card is not overdue, but if the credit card is not repaid in installments, the impact will be more serious. If you have not paid back the three installments, it is recommended that you must pay back the money on time in the future. Otherwise, if you are overdue again, you will be blacklisted by the bank. If it is serious, you will even be blacklisted by the bank. The impact of non-repayment on credit cards includes: impact on future credit card applications; impact on future loan quotas for buying houses, cars, etc.; impact on future interest on loan repayments; impact on the normal status of credit cards There will be consequences for using it, and it may be frozen and deactivated; if the overdue payment is serious, it will be blacklisted by the bank and become a black account, and you will not be able to apply for loans in the future; if you never repay the money you owe, you are likely to be By the bank.

Consequences of overdue loans

1. Penalty interest: When signing a loan contract, some relevant provisions will generally be made for overdue loans. Overdue loans will generally result in penalty interest. Financial Different institutions have different amounts of penalty interest and interest generated. However, as an expense that should not be incurred, it is best not to incur it.

2. Credit stain: This cannot be underestimated. Once the loan is overdue, the bank will report your overdue record to the central bank's credit reporting system. Once the record is generated, it will leave a stain on your personal credit report. This small stain will cause great resistance to your future loans or credit card applications, so borrowers must not lose big for the small.

3. Unable to enjoy the preferential interest rate for loans: We all know that when applying for a loan at a bank, the loan interest rate will fluctuate to varying degrees. High-quality customers can usually get the lowest loan interest rate. However, Users with past loan overdue records will not be able to enjoy interest rate discounts even if they are able to apply for a loan.

4. If it is overdue, it will have different effects on your credit report depending on the length of time. A credit report that is seriously overdue (more than 90 days) will become a black account. You will not be able to apply for any loan business before the overdue repayment. Overdue fees will also incur additional fees such as liquidated damages and overdue interest. Long-term overdue payments will eventually lead to interest rates greater than Principal matters are also very common, so please treat it with caution.

Can we negotiate if the credit card is not overdue?

If the credit card has not expired, we can negotiate.

For credit cards, if it is an ordinary bill installment and it is not overdue, it can be negotiated. However, your amount is not large. It is basically impossible to negotiate for sixty installments. A few installments of more than ten installments are more likely. Just call customer service and explain the situation.

Note:

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.

Credit cards are never overdue, but they always make "minimum payments"! Insiders will tell you the "consequences"

For today's young people, they don't make much money, but Avant-garde ideas, but learned them thoroughly. As more and more bank cards are issued, young people use credit cards more and more frequently. Nowadays, people are becoming more and more "reliant" on credit cards, especially the younger generation who are influenced by the "overdraft" consumption concept. For them, it is normal to have several credit cards in their hands.

The number of credit cards in our country has continued to increase in recent years. In 2018, the number of credit cards in our country reached 600 million. If you have too many credit cards, problems will easily arise. Overdue phenomena occur frequently. In 2018, the amount of overdue credit cards reached 80 billion yuan. Credit card is a necessity for many people. It is very convenient to use. When purchasing large items, you can pay in installments. In addition, when funds are tight, you can also advance consumption in advance. If you cannot pay back the money, you can still make the minimum payment first. Dealing with the past will relieve a lot of stress.

As for the use of credit cards, we all know that generally as long as you do not overdue, the credit card can be used forever. It also has little impact on personal credibility. However, once you are overdue, the reduction will be light, and in severe cases, the card will be blocked directly. Therefore, many young people do whatever it takes to avoid overdue credit cards and have come up with many ways to "offset" the risk of overdue credit cards. For example, people often say "use a card to support a card", "use a loan to support a loan", and even "minimum repayment". These are the two most common methods used by credit card users.

Speaking of the minimum repayment, everyone thinks that this risk is the smallest, because it is a condition that is established under the permission of official rules. After all, the minimum repayment is approved by the bank, so as long as it is not overdue, there is no problem even if the minimum repayment is made every month! Then you are wrong. Today, let’s talk to my friends about the consequences of credit card holders using the minimum repayment amount for a long time. Let’s find out together.

First of all, let me talk about the minimum repayment for cardholders. For cardholders, it is certain that they can maintain their credit report and have no overdue records. In other words, if you are short of money in the current period, you will not be able to repay that much. Don’t fail to repay the money, at least the minimum payment, so as not to affect your credit report. However, you cannot enjoy the interest-free repayment period. The minimum repayment amount is 10% of the consumption amount plus other various payables. Seeing this, some people must think that the "minimum repayment" is a repayment method that "kills three birds with one stone" .

There is not so much repayment pressure, but you can also ensure a good credit record and maintain the normal use of your credit card. However, we must know that the minimum repayment also has its disadvantages, and bank staff will not tell you these things directly. Therefore, it is better to repay the loan in full as much as possible. Although the minimum repayment can reduce our pressure this month, the direct result is that the amount we actually repay in the end increases.

Because the outstanding amount will no longer be interest-free, and will be charged according to a certain interest rate. Generally speaking, this interest rate is 0.05%, and the annual interest rate is 18%. You must know that the bank The current highest deposit interest rate is between 4% and 5%. Comparing these interest rates will tell you the difference.

In addition to suffering a loss in repayment, there is another very important situation. Bank staff once revealed that frequent minimum repayments will question the repayment ability, which is not conducive to the cardholder's loan application. If you have been making the minimum repayments, the bank's risk control department will monitor you and think that you do not have the normal repayment ability. If you need a loan later, you may be rejected by the bank.

In addition to the fact that it is not easy to get a loan, if you use the minimum repayment for a long time, your credit card will be reduced or frozen by the bank. In the worst case, your credit card may also be blocked. Of course, there are benefits to minimum payments. The first thing that can be determined is that the minimum repayment does not affect personal credit score. As long as you make the minimum payment, your bill is not overdue. As long as it's not overdue, everything will be fine, and your name will naturally not appear on the bank's blacklist.

But according to the new bank regulations, what’s the matter with the minimum repayment being cancelled?

Has anyone seen what happened to canceling the minimum payment? Don’t worry, the minimum repayment canceled here is for users who use credit cards to withdraw cash. Last year, many banks began to cancel the minimum repayment for credit card cash withdrawals. This means that if you withdraw 1,000 yuan in cash with a credit card, you must pay back the entire 1,000 yuan when the repayment period comes, otherwise it will be considered overdue.

Industrial Bank issued new regulations to include the bank's credit card advance loan amount into the minimum repayment of the current bill, which means canceling the minimum repayment for credit card cash withdrawals. After this, CITIC Bank also announced the same announcement as Industrial Bank. As we all know, many banks used to have a minimum repayment amount of 10% of the cash withdrawal amount for credit card withdrawals, but now they are gradually canceling this option.

In short, using the "minimum repayment" on your credit card for a long time will affect the bank's overall score, thereby affecting subsequent loans. Therefore, it is better to be careful when using credit cards. One detail may affect your future needs accidentally, and the minimum repayment is one of these details.

How can there be penalty if the credit card (credit card) is not overdue?

There are liquidated damages even if the credit card (credit card) is not overdue, which may be caused by early repayment of the credit card (credit card) in installments. There is a difference between the penalty for early repayment of a credit card (credit card) and the penalty for overdue credit card (credit card).

Although most banks support early repayment of credit cards (debit cards) in installments, it is also a breach of contract and will require the cardholder to pay 3% of the outstanding amount as liquidated damages, and the remaining balance will not be amortized. There is no need to pay the installment fee. The key is that normal repayment will not affect your credit.

Can the bank not answer the phone if the credit card is not overdue? Beware the consequences!

Everyone knows that it is normal for banks to call to collect on overdue credit cards, and such calls must be answered, otherwise the bank will think that the cardholder intends to lose contact and run away if he does not pay back the debt. But some friends don’t have overdue credit cards and the bank keeps calling them, so they don’t want to answer the phone. So, if the credit card is not overdue, can the bank not answer the phone? Let’s analyze it today.

Can the bank not answer the phone if the credit card is not overdue?

According to feedback from many cardholders, it is very common for banks to call even if their credit cards are not overdue. Sometimes they answer calls and sometimes they don’t, and it doesn’t have much impact. After all, the credit card is not overdue, and there is no argument that the cardholder will lose contact and run away if he does not pay back the money he owes. You must know that there is no hard and fast rule that you must answer the bank's phone number when you see it.

Cardholders should judge the motive of the bank’s call based on their card usage behavior and decide whether to answer the call. There are three main reasons:

1. The amount owed is relatively large. The bank is worried that the cardholder will not be able to repay the loan, so it will call the cardholder to apply for installment. It doesn't matter whether you answer the phone or not. If the cardholder is really not unable to pay off the card in one go, he or she can apply for installments on his own even if he doesn't answer the phone. However, handling it through the bank's customer service will count as customer service performance.

2. There are abnormal transactions on the credit card. If there is a large overseas purchase on the credit card, the bank will usually call to confirm whether the transaction is in person. If it is the transaction in person, it does not matter, but it is best to answer the phone. Otherwise, the bank may temporarily freeze the credit card for the sake of card use safety. If the transaction is not my own, it will be even more difficult to accept. This means that the credit card has been stolen and you must take timely measures.

3. The illegal use of credit cards is usually because the cardholder does not use the credit card for personal consumption, but cashes out the credit card. If the number of times increases, the bank will call to remind the cardholder to use the card properly. , some will ask you to provide the consumption voucher for a certain suspicious transaction. It is best to accept it. If you don't accept it, it means you have something wrong with you.

The above is the relevant introduction to "Can I not answer the bank's phone calls if my credit card is not overdue?" I hope it will be helpful to everyone.

That’s it for the introduction to credit cards that don’t expire.