1. Bad credit record;

2. Interest: calculated at 0.5 ‰ per day;

3. Late payment fee: generally calculated at 5% of the unpaid part of the minimum repayment amount (depending on the regulations of banks);

4. Credit card malicious overdraft may also face criminal punishment;

5. Blacklisted by the bank.

Doesn't credit card still affect children?

1. Parents' personal credit information has no influence on their children.

2. However, after parents, as executors, are restricted from high consumption, their children are not allowed to attend high-fee private schools or study abroad. In the enrollment policies of private schools in some cities, it is clearly stated that private schools should restrict the children of faithless people from attending high-priced private schools, and those who have already enrolled should immediately transfer to public schools. In addition, some schools that need to conduct political review of students may also refuse the children of untrustworthy people.

3. Some employers will conduct political review when recruiting job seekers, and poor parents' credit will affect their children's job hunting and employment.

Some students from poor families want to turn to the national student loan. According to the policy of our country, to apply for student loans, they need to provide credit reports from both parents. If their parents are black households, they are likely to refuse the loan.

What happens if the credit card is not available yet?

Legal analysis: the consequences of not returning the credit card are: first, there will be a high penalty interest for the actor. Second, the perpetrator will file a lawsuit. If the borrower fails to pay back the money, the bank can bring a lawsuit to the people. If the borrower loses the case, he will not only face the auction of assets to pay off debts, but also bear the corresponding litigation costs, preservation costs, execution costs and lawyer's fees. Third, the personal credit information of the actor will also be affected.

Legal basis: Article 676 of the Civil Code of People's Republic of China (PRC). If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

What will happen if the credit card is not repaid?

Many people often forget to return their credit cards or deliberately fail to return them, which will have very serious consequences in the long run. Generally speaking, credit card overdue is also divided into different situations. One is the person who deliberately fails to pay back the credit card. These people evade credit card repayment by not taking the initiative to repay or not answering bank dunning calls. They think that as long as they don't pay back the money, they can evade the bank's accountability and use the money they borrowed before for free. This behavior is very bad. There is another kind of person who is overdue by accident and unintentionally. This kind of person usually forgets that he still needs to pay back, or it is difficult to turn around during the repayment period, so he plans to pay back in a few days and doesn't want to deliberately avoid repayment. In any case, the consequences of overdue will be defined as overdue in the bank. So what are the consequences of overdue repayment? First of all, it will seriously affect your credit information. If the bank fails to pay back the money within the time limit, it will be recorded in the credit report.

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What are the consequences of credit cards?

Consequences of non-repayment of credit card debt: 1. The debtor shall pay extra overdue interest and liquidated damages. 2. The debtor's personal credit report may produce bad records. 3. It may be enforced after taking it.

Extended data:

Credit card repayment means that when the cardholder's credit card consumption reaches the final repayment date, in order to ensure the cardholder's good credit record, the bill consumption funds will be returned to the bank.

There are more and more emerging repayment methods, but the mainstream ones are online transfer repayment provided by banks, card-to-card repayment of third-party POS machines, and telephone banking repayment. If you have a fixed repayment method and repayment cycle, the monthly credit card repayment will become "easy" and will never take up too much time, let alone go to the bank to queue up. In addition, I would like to remind you that when choosing a credit card, you should ask clearly what repayment methods the bank supports and try to handle credit cards with more diversified repayment methods. Don't be fooled by petty profits such as "credit card shopping discount" After all, the convenience of credit card is the most important thing.

The consequences of overdue repayment of credit cards are serious, and overdraft consumption should be moderate. Although the biggest feature of credit card is overdraft function, it actually constitutes the loan relationship between customers and banks. Failure to pay back at maturity may not only lead to law, but also bear a high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life.

After a credit card with high penalty interest defaults, the penalty interest fees usually involved are revolving interest fees and late fees. The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.

Violent collection of legal credit cards has become a hot topic. Many bank credit card centers outsource the collection of credit card repayment to some so-called "debt collection companies". The quality of these companies is mixed, and the methods of debt collection are rough, which brings great trouble to customers.

Not only that, customers who breach the contract may also face legal problems. According to the criminal law, if a bank fails to repay a credit card with a malicious overdraft exceeding 5,000 yuan after three months of collection, if the circumstances are serious, it can be investigated for criminal responsibility for this crime. For defaulting customers, after entering the judicial process, it will not only affect their reputation, but also lose more costs. In addition to paying off the arrears, it is even worse to bear the litigation costs.

Consequences of non-repayment of credit cards

Non-repayment has three consequences:

1, your credit record is getting worse and worse, which will also lead to low credit evaluation and become a credit stain. Bad credit information will be uploaded to the personal credit information system of the People's Bank of China, which will be tainted in various systems across the country. You can't apply for credit cards or loans in the future;

2. The bank will let you repay, and if you don't repay, you will be forced to repay.

You pay by credit card in installments, and the bank will pay you a late fee, so you need to pay more and more money. If it reaches a certain limit, notify the card owner, and if it still owes money, it will call the police.

pay by Installments

Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.

That's the end of the introduction about the consequences of credit cards and ten thousand credit cards. I wonder if you have found the information you need?