Serious consequences of overdue credit cards:
Generate overdue interest and late fees;
Bad credit record;
Banks will collect money and may face criminal problems.
Credit card overdue solution:
If the cardholder forgets to repay, he must repay as soon as possible, preferably in full. Call the bank's credit card center and declare the non-malicious arrears. If the overdue time is short, the bank may not calculate the bad record;
When the credit card cannot be repaid due to unemployment, illness and other reasons, before the repayment period, the cardholder should take the initiative to contact the bank credit card center to explain his financial situation, declare that he is not in bad faith, and apply for deferred repayment or installment repayment;
When the cardholder voluntarily applies for deferred repayment, the bank will often agree to postpone repayment, and the bank and the cardholder will agree on a repayment plan acceptable to both parties. In this way, the bank will not record bad records, but it must repay on time after applying for an extension;
Credit card repayment information will be rolled in the central bank's credit information system for 24 months, and the overdue credit card repayment record will be kept in the credit information system for two years. If the card is found to be cancelled directly after it is overdue, the information will not scroll, but will be kept for a long time.