What are the consequences of overdue credit card payments?

Non-malicious overdue:

If you just temporarily forgot to repay the loan, or delayed the repayment due to some reasons (such as going abroad), then explain it to the bank in time, and generally it is not necessary. What serious consequences will there be?

The case of malicious overdue is different. You may face these problems:

To put it mildly:

One: Pay late fees and penalty interest

Two: The central bank’s credit report leaves a bad credit record , applying for cards and loans in the future will be hindered

Three: Suffering from various text message collections, phone collections, outsourced collections, etc.

If you refuse to repay the money, contact the bank "It's a big deal"...

The Criminal Law has this provision on credit card crimes: If you exceed the prescribed limit or overdraft within the time limit, and the card issuer still fails to return it after two calls for more than 3 months, Defined as malicious overdraft. Malicious overdraft of more than RMB 10,000 and less than RMB 100,000 is deemed to be a relatively large amount and shall be punished with a sentence of not more than five years or criminal detention; if the amount is from RMB 100,000 to RMB 1,000,000, if the amount is huge, the person shall be sentenced to imprisonment of not less than 5 years but not more than 10 years.

Furthermore, you may also be included in the "list of dishonest persons subject to execution" (commonly known as the "blacklist"), and what awaits you is more serious "torture".

Torture 1: The only house can be auctioned

If the house is auctioned, the bank will only provide the person subject to execution with a small house in accordance with the standard of low-rent housing to support his life. Required.

Torture 2: Seizing and freezing online virtual accounts

Funds in online virtual transaction accounts such as Alipay, mobile payment, and WeChat payment are also within the scope of enforceable property of the person subject to execution. In the future, online booking of travel accommodation, buying insurance, renting a house, going on blind dates, etc. will all be restricted.

Torture 3: Freezing and deducting property online

People can send electronic legal documents through the Internet and receive result data and electronic data on inquiries, freezing, deducting, and disposal of financial institutions. receipt. Without leaving home, the judge can check, freeze and deduct your financial property in more than 4,000 banking financial institutions across the country with just a click of the mouse.

Torture 4: The blacklist is synchronized with Sesame Credit, and online shopping is restricted

The Supreme People’s Court and Sesame Credit signed a memorandum of cooperation on credit punishment for dishonest persons subject to execution. Zhima Credit works with Taobao, Tmall, China Car Rental, Qufenqi and other application platforms to comprehensively restrict dishonest persons subject to enforcement in consumer finance, Ant Micro Loan, credit card, P2P, hotel, house rental, car rental and other scenarios through the Internet and other channels.

Torture 5: Not allowed to serve as boss, director, supervisor or senior executive

Anyone who has the ability to repay but refuses to repay all or part of due debts will be listed by people at all levels across the country Natural persons on the list of dishonest persons subject to enforcement (i.e., "Lao Lai") will be subject to credit penalties and will not be allowed to serve as the legal representative, director, supervisor, or senior manager of any company nationwide.

Torture 6: Travel by water, land and air is blocked

Vehicles will be temporarily detained when entering and exiting expressway toll stations, and will be handed over to expressway law enforcement; you cannot buy air tickets; you cannot buy train soft sleepers and ships Second-class or above; unable to take first-class seats on high-speed trains and high-speed trains; unable to buy a private car for transportation. Travel by water, land and air is hindered in various ways!

Torture 7: High consumption is prohibited, and you can no longer be willful

You cannot spend willfully in hotels, hotels, nightclubs, golf courses and other places above the star level; if you want to buy a house, It is not allowed to renovate the house; it is not allowed to travel abroad or go on vacation; it is difficult to apply for credit cards and loans from banks and get them approved!

Torture 8: Children are not allowed to attend key private schools

The Supreme People's Rule stipulates: If the parents are old, their children are not allowed to attend high-fee private schools.

Torture 9: Pensions can be directly deducted

The pension due to the person subject to execution shall be regarded as the fixed income of the person subject to execution and shall fall within the scope of his/her responsible property. According to the " According to Article 243 of the Civil Procedure Law of the People's Republic of China, the people have the right to freeze and deduct funds. However, before freezing or deducting funds, necessary living expenses for the person subject to execution and his dependent family members should be reserved.

Torture 10: The maximum penalty is 7 years in prison

From November 1, 2015, the "Criminal Law Amendment (9)" was officially implemented.

Among them, Article 313 of the Criminal Law is revised to read: "Whoever refuses to execute the people's judgments or rulings when he has the ability to do so, and the circumstances are serious, shall be sentenced to not more than three years, criminal detention, or a fine; if the circumstances are particularly serious, , a penalty of not less than three years but not more than seven years, and a fine. ”

What will be the consequences if the credit card is not repaid by the due date?

Sixty days overdue will be counted as personal credit; 90 days overdue will be counted as bad personal credit; overdue for more than 90 days, the bank will no longer collect debts and will file a lawsuit.

(1) The bank will urge you to repay within one month of the first repayment date. If you don’t make the payment, your account will be frozen. If you still don’t make the payment, the bank will use the bank’s methods. The credit record will definitely be entered directly. Overdraft interest will accrue, compounded at 0.5% per day. Accumulate bad credit record once. After 3 days, you will be on the People's Bank of China's blacklist.

(2) Credit card Credit card is all about credit. If you do not repay on time, of course it will affect your personal credit. In the future, you will have to step aside from anything related to credit.

(3) If the repayment amount is less than the minimum repayment stipulated by the bank, it will be considered overdue, and the interest rate will be 0.05%. In addition, a late payment fee of 5% of the unpaid portion of the minimum repayment amount will be charged.

(4) If the repayment amount is greater than or equal to the minimum repayment but less than the full repayment, interest will be paid at 0.05%.

(5) If it is a China Merchants Bank credit card, the minimum repayment amount of the credit card is the minimum amount stipulated by the bank that you must repay before the monthly repayment due date. You may not repay the full amount but the repayment amount of each period It must be greater than the minimum repayment amount, which is the basic repayment requirement for you to maintain a good credit record.

What will be the consequences of not paying back the credit card?

The consequences of not paying back the credit card are as follows:

1. Overdue interest will be charged. After the user uses the credit card to overdraft, , generally there is 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 the fees that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date or the repayment amount is less than the minimum repayment amount. 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. RMB or 1 US dollar;

3. It will produce a bad credit record. Credit card users who overdue repayments will be recorded in a bad credit record, and the basic database of personal credit information has been networked nationwide. As long as an individual resident has handled a loan business at a bank, applied for a credit card, or provided a guarantee for others, then You can check your credit report at any domestic commercial bank. For customers with bad records, banks will treat them with caution in future loan applications. They 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 there is a good record in the credit report, you may enjoy preferential treatment in terms of amount and interest rate in future credit business;

4. Litigation costs may occur over time. If the cardholder fails to repay the overdraft after 2 months, the bank will call 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 after 180 days of overdraft, the bank will file a lawsuit, and the losing party will bear the litigation costs of the case. When the bank requires the user to repay, the bank usually wins the lawsuit, so this part of the cost will be borne by the user;

5. Malicious overdraft requires criminal liability.

Legal basis: Article 196 of the "Criminal Law of the People's Republic of China"

As well as relevant judicial interpretations, malicious overdraft refers to the cardholder's illegal possession for the purpose of illegal possession. Overdraft exceeding the prescribed limit or within the prescribed period and still not returning the money after collection by the card issuer; malicious overdraft for credit card activities, and those with larger amounts will be held criminally responsible for credit card crimes.

What are the consequences of not paying off the credit card?

What are the consequences of not paying back the credit card debt: 1. The debtor should pay additional overdue interest and liquidated damages. 2. The debtor’s personal credit report may have negative records. 3. It may be enforced after being raped.

Extended information:

Credit card repayment means that when the cardholder’s credit card consumption reaches the final repayment date, in order to ensure the cardholder’s good credit record, the bill consumption Funds are returned to the bank.

There are more and more emerging repayment methods, but the mainstream ones are online transfer repayment provided by banks, card-to-card repayment through third-party POS machines, and telephone banking repayment. Media, if you have a fixed habitual repayment pattern and repayment cycle, monthly credit card repayments will become a "little effort" and will never take up too much of your time, let alone go to the bank and queue in long queues. . Another reminder is that when choosing a credit card, you should ask clearly what repayment methods the bank supports, and try to apply for a credit card with more diversified repayment methods. Don’t be fooled by petty benefits such as “card shopping discounts”. After all, The convenience of a credit card is the most important thing.

The consequences of overdue credit card repayments are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a loan relationship between the customer and the bank. Failure to repay when due may not only result in legal consequences, but also bear high penalties and interest, and most importantly, may cause A bad credit record will have a negative impact on your future work and life.

After defaulting on a credit card with high penalty interest, the penalty fees usually involved are recurring interest fees and late payment fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and the interest will be charged from the date the consumption is recorded. Calculate interest.

Legal violent collection of credit cards has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies." These companies are of mixed quality and have rough debt collection methods, which brings problems to customers. Very troubled.

Not only that, defaulting customers may also face legal consequences. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, you may be held criminally responsible for the crime. For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which is even worse.

What are the consequences of not paying off your credit card when it is due?

Many people now apply for credit cards, and credit cards still have many benefits for many people. First of all, credit cards can enjoy overdraft consumption; secondly, credit cards have various repayment methods, which can reduce the repayment pressure for cardholders even if they spend too much; credit cards often have some exclusive consumption rights. But credit cards also have fixed repayment periods, so what are the consequences of not repaying the credit card when it expires?

1. Failure to repay a credit card when it is due is considered overdue and will be reported to the credit reporting system by the bank, which will have a negative impact on personal credit reporting. If the credit record cannot be revoked, the bad record will be retained for 5 years.

2. Overdue credit card repayments will generate corresponding late fees based on the overdue time, increasing personal repayment pressure.

3. If the cardholder does not repay the credit card for a long time, the credit card may be involved and even be targeted.

The above is an introduction to some consequences of not repaying your credit card on time. I hope it can be helpful.

What are the consequences of an overdue credit card?

With the continuous development of social economy, in real life, we will always encounter various situations, especially what will happen after our credit card expires, which also makes many of our netizens wonder. This is very worrying. In fact, we need to know that late payment on credit cards will have many negative consequences. Next, the editor will lead everyone to see what adverse consequences it will bring to us.

First of all, you must know that late repayment after a credit card overdraft is a very serious violation of laws and regulations. The bank can require the cardholder to repay the principal, as well as corresponding overdue interest, late payment fees, excess portion and other related fees. Once the bank files a lawsuit directly and wins, the cardholder will bear the corresponding fees. Therefore, our late repayment will have a very serious impact on us, and may even cause us to be sued by the bank.

Therefore, when

In addition, we also need to understand who our current banking system is. Under the central bank’s system, that is, when we have overdue repayments, it is very likely that there will be bad Credit record, and these bad credit records will directly enter our personal credit system and have a serious impact on us, especially in our later lives. If we want a home loan, then it is very likely that we will not be able to get a loan from a bank, and we will not be able to take high-speed rail, trains or flights because of personal credit problems, and these things will be seriously affected.

To sum up, we can clearly know that if a credit card is overdue, it will bring us serious consequences, and these serious consequences include that our personal credit report will be seriously affected. our lives. This is right or wrong.

This is the end of the introduction about the consequences of non-repayment of credit cards and what will happen if the credit card is not repaid before it is due. I wonder if you found the information you need?