However, if all debts are caused by "cash withdrawal", you will be counted as "overdue repayment" at one time and recorded in the personal credit information center of China People's Bank; Moreover, in addition to charging 0.5% interest every day, banks will also have a 5% late payment fee.

If all debts are caused by consumption, and the "minimum repayment amount" on the general bill is 10% of the consumer's arrears (depending on the bill calculated by the bank), then half of your repayment has reached the "minimum repayment amount", and there will be no late payment fee, but the interest on arrears is inevitable.

PS: Personal credit report, because it is kept in the People's Bank of China, so any bank can find it. As long as there is overdue repayment within five years, if you apply for a credit card and loan, it is likely that the approval will not pass.