1. What will happen if the credit card is overdue?

Failure to repay the credit card overdue may involve the following consequences:

1. High interest and late payment fees

(1) Cardholders who do not repay their credit card will no longer enjoy the credit card interest-free period, and will be charged an interest of 0.05% per day starting from the day of consumption. Compound interest is calculated monthly. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

(2) If the credit card interest-free period is exceeded and the payment is not made in time, the bank will charge the credit card holder a late payment fee, which is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge Charge cardholders higher penalty rates.

2. Personal credit stains

(1) How important your personal credit record is, as long as you have applied for a credit card or a loan, you will know that once there is a stain on your credit record, it will basically It will be difficult to apply for a credit card.

(2) The worst thing is that if you want to buy a house in the future and your credit is stained, the mortgage loan amount will be smaller than others, and the interest rate will be higher than others. If the application is seriously overdue, you may even want to spend more. Banks will not lend to themselves at any interest rate.

3. Credit card is suspended

(1) If the credit card is not repaid, the bank will withdraw the revolving credit granted to the cardholder, and the credit card will be suspended.

(2) For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and notify the cardholder. If the cardholder still fails to repay the credit card debt after being pursued by the bank, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings. my country's criminal law stipulates that if a credit card overdraft exceeds 50,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay after three or more reminders, the judicial authorities will take corresponding measures (criminal detention for less than 50,000 yuan).

2. Advantages and Disadvantages of Suspension and Hanging Debt on Credit Cards

1. Advantages of Suspension and Hanging Debt on Credit Cards

(1) First, the penalty interest can be reduced or reduced, so you do not have to bear the high cost that has already occurred. Amount of penalty and interest.

(2) Second, stop interest. There will be no interest increase for up to five years, and the principal will be repaid every month.

(3) Third, no more debt collection or prosecution.

(4) Fourth, you can make a fixed small amount of repayment every month. You no longer have to worry and fear, and you can free up more experience to work hard.

2. There are two major dangers in suspending debt suspension

(1) The first one is that after the negotiation is successful, a fingertip will be reflected on the credit report, which means that basically All loan business and credit cards of Shanghe Bank have been insulated.

(2) The second point is that after the negotiation is successful, there cannot be another overdue period, because once it is overdue, the previous agreement will be invalid, and interest will be calculated and compounded based on the amount before the negotiation, so When negotiating, you must consider your ability to repay, and do not blindly reach an agreement.

Overdue repayment of credit card loans will lead to some negative consequences. Therefore, in order to avoid being sued in court due to malicious overdue behavior, you need to contact the credit card center in a timely manner to obtain a series of repayments. A preferential treatment policy can effectively avoid overdue behavior that is considered malicious.