The main consequences of actively reducing the credit card limit are: it will take some time to restore the credit limit after the credit limit is reduced, and the credit limit will not be restored immediately after applying for the limit restoration; after the credit limit is reduced, you can limit the amount of your consumption. After all, when the credit card limit is used up, the user's consumption amount for the month will be controlled; after the credit card limit is lowered, it will help reduce the repayment pressure, after all, the amount that needs to be returned is reduced.

1. Consequences of overdue credit cards

1. High penalty interest and liquidated damages will occur. Credit cards will not charge interest as long as they are repaid before the repayment date. If you use a credit card to withdraw cash, you will be liable. If the amount of consumption is overdue, not only interest will be accrued, but there will also be penalty interest and liquidated damages. The penalty interest is 50,000 per day, and the amount of debt owed is as high as 400,000. The penalty interest and liquidated damages during the four-year period are huge.

2. It affects your own credit report. Credit card is a business launched by banks. If you are overdue, you will be subject to your own credit report. Generally speaking, as long as it is overdue more than 6 times or one time is overdue for more than three months, it is considered a credit report. Users with serious overdue credit, as long as 4 years overdue, have been included in the credit blacklist. Later, they will be restricted from flying, high-speed rail, and applying for loans at banks.

3. Being sued by the bank for credit card arrears. The overdue amount is 400,000 yuan. If you refuse to repay after repeated collections and you are able to repay, you may be suspected of malicious cashing out. , the ultimate consequence is jail time.

2. What to do if the credit card is overdue

1. Actively cooperate with the bank and never be judged as a malicious overdraft. After the credit card is overdue, it is normal for the bank to call for collection. , just like you owe your friend, the same is true for your friend to urge you to repay, but you don’t have to worry too much. After all, banks are formal financial institutions. Even if the bank entrusts the collection work to a third party, there will be no Excessive behavior may become more frequent. At present, many banks' collections are relatively standardized. After all, there are strict supervision. On the premise that it does not affect work and life, you can accept it if you can. If it affects work and life, In life, if you don’t want to accept it, you can choose not to accept it.

2. You can pay back more or less every month. In order to avoid the bank judging you as a malicious overdraft, that is to say, you don’t want to pay back the money even though you have overdraft. You can pay more or less every month. Pay back some money at least, even 50-100 yuan (this kind of repayment is prohibited for a long time). This can show some of your willingness to repay, instead of deliberately overdue.

3. Try your best to pay off the loan in one lump sum. In your situation, it is impossible to repay the loan for you. You must put down your dignity and ask your family and friends to help you find a way to make up the money. According to the general Most banks have preferential policies for repaying the loan in one lump sum. That is, the overdue interest and liquidated damages may be waived by the bank. For relatives and friends, you can repay slowly. This is the fastest way to get on board. This method can solve your trouble of being charged every day.