One consequence: related expenses.
Credit card overdraft for 3 months will cause late fees and high interest, which should not be underestimated.
Consequence 2: Personal credit record is bad.
Generally speaking, major banks have time tolerance service for credit card overdraft repayment, but three months is definitely overdue, and it will produce bad personal credit records, which will seriously affect future card processing and loans.
The third consequence: it may constitute a malicious overdraft and be sued.
The determination of malicious overdraft is not only based on the length of overdue time, but also involves subjective attitude and bank behavior. According to the relevant judicial interpretation, the amount of malicious overdraft refers to the amount that has not been returned and has not yet been returned, excluding the late payment fee and compound interest charged by the issuing bank.
Extended data:
The practice of not returning the credit card to the bank within the time limit
The bank's dunning for credit card arrears is usually divided into two stages: the early stage and the late stage.
The initial specific means are: dunning the cardholder through the customer service office, dunning office and legal office.
The latter means are: debt collection companies come to the door to collect money, report to the central bank for approval, and appeal to relevant departments.
1. Cardholders will no longer enjoy interest-free repayment in future consumption. The issuing bank shall calculate the interest on a daily basis with the amount of consumption as the principal from the date of consumption, with a daily interest rate of 0.5 ‰ and compound interest on a monthly basis; For the unpaid part of the minimum repayment amount, a late fee of 5% will be charged every month.
2. First, there will be customer service and dunning staff to remind the applicant, and then a dunning phone call and letter will be sent.
3. If the cardholder still fails to repay after receiving the dunning letter or lawyer's letter, the applicant bank will report to the central bank, which will stain the credit record and finally force the cardholder to repay by legal means.