the credit card is overdue, so it is recommended to repay it as soon as possible.
according to the self-discipline convention of bank card industry, if the repayment is delayed by 3 days at the most, no penalty interest will be charged if the repayment difference is within 1 yuan. Otherwise, it is deemed overdue.
what's the impact of overdue credit card payment?
1. Interest and overdue fine
Interest generally refers to the full penalty interest, which means that even if the customer repays part of the money, the repayment part is not deducted when calculating the penalty interest, and the interest expense is usually calculated at five ten thousandths of the daily interest.
late payment refers to the fact that the cardholder will collect the "late payment fee" for the unpaid part of the minimum repayment amount when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount. The proportion of late payment fees shall be uniformly stipulated by the People's Bank of China, which is 5% of the unpaid part of the minimum repayment amount.
2. If the repayment is overdue for more than three times, you can apply for a credit card with a small amount, or you can borrow a loan with a high interest rate
3. If you have a bad credit record
If you fail to pay it back for more than six times, you will be blacklisted by the Personal Credit Information System of the People's Bank of China. Being blacklisted may affect your work, school and going abroad. Don't think that it only affects yourself, but also your spouse and children. At that time, it is too late to regret, and the credit report does not believe in tears.
4. bear criminal responsibility
if the payment is overdue in bad faith, exceeding the prescribed limit or time limit, and the card issuer fails to return it for more than 3 months after two reminders, it is characterized as "malicious overdraft".
those who maliciously overdraw more than 1, yuan and less than 1, yuan are deemed to be relatively large, and shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention. 1, yuan to 1 million yuan, a huge amount, shall be sentenced to imprisonment of not less than five years but not more than ten years.
if the amount is more than 1, yuan but less than 1 million yuan, it is huge, if the amount is huge or there are other serious circumstances, it shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 5, yuan but not more than 5, yuan;
those who maliciously overdraw more than 1 million yuan are especially huge, especially huge, or have other especially serious circumstances, shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be fined not less than 5, yuan but not more than 5, yuan, or their property shall be confiscated.