An effective credit card contract relationship has been established between the bank and the user, and the user's credit card overdraft behavior has constituted a breach of contract and should bear civil liability in accordance with the contract. According to the contract, the citizens who lose the case have to pay not only the principal and interest owed by the credit card, but also the interest, late fees and other expenses. If a person fails to perform the obligation of monetary payment within the time limit specified in the judgment, he shall pay double the interest on the debt during the delay in performance in accordance with the regulations.
2. Leave a "credit stain" on the central bank's credit record, which will be collectively rejected by banks when handling other credit businesses.
3. Cardholders will receive continuous reminders from the issuing bank or its agency, and may be sued to the court or even face jail.
According to the Criminal Law of People's Republic of China (PRC) and relevant judicial interpretations, the behavior of a credit card holder who overdraws beyond the prescribed limit or time limit for the purpose of illegal possession and refuses to return it for more than three months after being urged twice by the issuing bank is a malicious overdraft behavior, which may constitute the crime of credit card fraud-if he still fails to fulfill the relevant obligations after the bank's dunning notice arrives, he will not only pay a huge fine, but also face the possibility of losing his freedom and reputation.
1. What happens to overdue repayment? What are the consequences?
Whether it is a bank loan or an online loan, when the borrower is overdue, the lending institution will charge the borrower an overdue fee, which is usually much higher than the normal loan interest rate. In addition, if loans overdue has a bad credit record, it will be collected by the lending institution, and may even be sued by the lending institution for overdue repayment. Therefore, after handling the credit business, everyone must pay attention to fulfilling the repayment obligation on time.
With the development of the times, people's consumption concept is also changing. More and more people begin to habitually overdraw in advance, and credit cards are the overdraft consumption tools used by many friends. Some people even use credit loans to meet their own consumption needs. More and more people use credit products at will, and overdue is becoming more and more common. What will happen if they don't repay the loan within the time limit? What are the consequences?
Failure to repay overdue loans will have the following adverse consequences:
1, resulting in penalty interest. Whether it is a bank loan or an online loan, when the borrower is overdue, the lending institution will charge the borrower an overdue fee. Usually, the overdue rate is much higher than the normal loan interest rate, and lending institutions may also charge overdue fines. The longer the overdue time, the more overdue expenses will be incurred.
2. Have a bad credit record. Bank loans are collected at meetings, and now many online lending platforms are also connected to the central bank's credit information system. Once the user is overdue, the platform will upload its overdue records to the central bank for credit investigation. If personal credit records produce bad records, the later credit business will also be affected.
3. Charge by the lending institution. Usually, after the borrower's overdue behavior, the lending institution will take certain collection measures for the borrower, and various collection calls will have a certain impact on the borrower's life.
4. You can't enjoy preferential loans or even apply for loans. If it is overdue, personal credit will leave a bad record, which will have a certain impact on the borrower's later loan business. Usually, it is more difficult for people with tainted personal credit to apply for loans. Even if you can apply for a loan, the loan interest rate given by the lending institution is usually higher than that of users with good credit records.
5. Being sued by a lending institution. After loans overdue, if the borrower fails to repay the arrears for a long time, the lending institution can sue the overdue users and recover the arrears through legal channels. Therefore, if loans overdue fails to repay the loan, the borrower is likely to be sued.
6. Pull into the blacklist. Lao Lai, who deliberately delays his debts and refuses to repay them, may be included in the list of people who have lost their trust. Once blacklisted, not only is it hopeless to apply for a loan later, but the consumption of flying, high-speed rail and accommodation will be affected, and it will also have an impact on children's attendance at key schools.
It can be seen that the consequences of overdue repayment are very serious for borrowers, so after handling credit business, everyone must pay attention to fulfilling repayment obligations on time to avoid unnecessary troubles.