The consequences of overdue credit cards are very serious. First of all, overdue repayment of credit cards will result in liquidated damages. The daily interest rate is generally five ten thousandths. Overdue will also have adverse consequences for your personal credit information and have a negative impact on subsequent loans. Once convicted of credit card fraud by the court, he will be sentenced. In the civil code, overdue credit cards will generate overdue interest and liquidated damages. , it may also produce bad credit records, and if the circumstances are serious, criminal responsibility will be investigated.

1. What are the consequences of overdue credit cards?

1. Expenses such as overdue interest and liquidated damages. : Calculate the interest from the overdue date of the credit card, which is generally five ten thousandths of the daily interest, and compound interest is calculated monthly; The liquidated damages are generally 5% of the unpaid part of the minimum repayment amount.

2. Bad credit record: after the deadline, the personal credit report will produce bad records, which will affect the future loan application.

3, may face criminal responsibility: if the long-term overdue and overdue amount is large, then you may receive a reminder from the bank; If the bank still fails to repay the arrears after being reminded, it may face criminal responsibility. Generally speaking, the impact of overdue credit cards is still relatively large, and it is recommended that you must repay on time. If your credit card is about to expire or has expired, I suggest you contact the bank in time, explain the situation on your own initiative, and find out whether you can apply for deferred repayment or reduce the penalty interest and repay as soon as possible.

Second, how to judge the overdue credit card:

1, generally, overdue credit cards are civil disputes and will not be sentenced.

2. Those who meet the malicious overdraft and the issuing bank fails to return them twice within three months constitute the crime of credit card fraud and will be investigated for criminal responsibility.

3. Article 196 of the Criminal Law stipulates that in any of the following circumstances, if a large amount of credit card fraud is committed, it shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated: (1) using a forged credit card or using a credit card fraudulently obtained with false identification; (2) Using an invalid credit card; (3) Fraudulent use of another person's credit card; (4) malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.

Therefore, everyone must pay attention to the repayment date when using credit cards. Consider your repayment ability. Don't overspend. Don't break your word in economic life. Once you break your word, from a small point of view, you will have to pay liquidated damages. In a big way, it will affect your credit information and even be sentenced for credit card fraud.

legal ground

Article 1029 of the civil code: civil subjects can inquire their own credit evaluation according to law; If it is found that the credit evaluation is improper, it has the right to raise objections and demand necessary measures such as correction and deletion. The credit reporting agency shall check it in time, and if it is verified, it shall take necessary measures in time.

Article 1030 The provisions of this Part on the protection of personal information and the relevant provisions of other laws and administrative regulations shall apply to the relationship between civil subjects and credit information processors such as credit reporting agencies.

Article 196 of the Criminal Law stipulates that in any of the following circumstances, if the amount of credit card fraud is relatively large, it shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) Using an invalid credit card;

(3) Fraudulent use of another person's credit card;

(4) malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.