If the credit card holder runs away, is the emergency contact responsible?

When applying for a credit card, you often have to fill in an emergency contact person in the application form. On the one hand, it is to suit the applicant’s credit profile, and on the other hand, it is also to prevent the cardholder from being unable to contact him if he runs away. . So, if the credit card holder runs away, is the emergency contact responsible?

Example The day before yesterday, Ms. Wang, a citizen, suddenly received a customer service call from a bank asking her if she knew a Ms. Zhang. It turned out that Ms. Wang’s colleague had applied for a credit card at the bank many years ago, and the emergency contact column was Ms. Wang’s contact information. Ms. Zhang’s credit card was overdue and the bank could not contact her. I just found Ms. Wang and I hope she can help contact her.

However, Ms. Wang did not know the contact information that Ms. Zhang left on her credit card, and she had no contact with Ms. Zhang and could not contact her.

Bank staff said that if Ms. Wang cannot contact Ms. Zhang and cannot recover the debt, her credit record with the bank may be affected. This can't help but make Ms. Wang panic, but she really doesn't know about it. Do I still have to take responsibility for this?

In fact, nowadays, credit cards generally do not require a guarantor. When banks find that the credit card is risky and the cardholder cannot be contacted, they can contact the emergency contact person. Applying for a credit card is a contract between the card owner and the bank. The contract is only valid for both parties involved. The emergency contact does not have to bear responsibility, and it will not affect his or her personal credit.

What will happen if you don’t pay back the overdraft on your credit card? What are the consequences of running away?

What will happen if you don’t pay back your credit card overdraft? Is it okay to run away with an overdraft credit card? What are the consequences if caught? Is it a crime to overdraw a credit card? Will there be any punishment? What should you do if you encounter a situation where your credit card overdraft cannot be paid?

We must clearly understand that credit card overdrafts are divided into "malicious overdrafts" and "good faith overdrafts." Obviously, malicious overdrafts are illegal and are credit card crimes! The consequences of non-repayment on your credit card are very serious, so try to avoid it. If your credit card debt is not repaid, do not choose to "run away".

1. The bank’s approach to overdue credit card payments

The bank’s collection of credit card debts is divided into two stages: the early stage and the late stage. The characters who appeared in the early stage are: customer service department, collection department, and legal department. Later methods include: debt collection companies, reporting to the central bank, etc.

1. Consumption payments no longer enjoy interest-free repayment treatment. The card-issuing bank will calculate interest on the principal of the consumption amount on a daily basis from the day the consumption occurs, with a daily interest rate of 0.5% and compound interest on a monthly basis. For the unpaid portion of the minimum repayment amount, a late payment fee of 5% will also be charged on a monthly basis.

2. Initially, the card holder will be reminded through customer service and collection staff, and then reminder calls and letters will be issued.

3. If you receive a demand letter or a lawyer’s letter and still fail to repay the loan, the card issuing bank will report it to the Central Bank, which will cause a stain on your credit record, and finally use legal means to force repayment.

2. The consequences of running away without repaying your credit card debt

1. If you default on your credit card for a long time, it will cost more than the initial overdraft. Late payment fees, plus daily At an interest of 0.05%, the final interest may be several times the principal.

2. Your bad repayment record will be recorded in the personal credit system, forming a credit stain, which will exist in the personal credit system for 5 years and continue to affect the cardholder's loans, house purchases, and car purchases. Wait for life.

3. Lose your reputation and bring harm to your family. If you are chased by a debt collector or a debt collection agency, not only will your reputation be ruined, but your family may also be affected.

4. If the bank thinks that you are maliciously delinquent, it will accuse you of credit card fraud, which is a credit card fraud.

Warm reminder: Cardholders should use credit cards rationally to avoid overdrafts and repayments. The consequences of non-payment of credit cards are very serious. Once the credit card debts are not repaid, do not choose " "Run away", that is, changing your address and mobile phone so that the bank cannot be contacted. This method is the worst way to deal with it. It will not only fail to solve the problem, but will also cause countless troubles in your future life.

What should I do if my credit card is overdue? Don't run away!

In our daily consumption, credit cards have undoubtedly become the most important payment tool. However, credit cards are used for purchases in advance, which makes it easy for many people to overdraw their purchases and make their credit cards unpaid, causing overdue payments. Of course, many people also accidentally forget and cause overdue payments. So, what should you do if your credit card is overdue? Let’s answer it for you today.

1. Repay as soon as possible

When you find that your credit card is overdue, the first thing you should do is to pay off the debt as soon as possible.

For example, if you are only one or two days overdue, paying it off as soon as possible will ensure that you pay it back within the credit card repayment grace period, which will not have any impact on your credit. Credit cards generally have a grace period of about 3 days for repayment.

2. Negotiate with the bank

If you really can’t pay, don’t lose contact. You should take the initiative to contact the bank, explain your situation, and negotiate with the bank to see if you can. You cannot pay it back in monthly installments.

If you run away after the due date, the consequences will be quite serious, and you may be included in the list of dishonest persons by the bank. If the overdue amount is large, penalties may also be imposed.

3. Repay the credit card

If the credit card is overdue and you really can’t pay it off within a short period of time, you can also repay the credit card on your behalf. Pay off the credit card first to ensure your credit. Not affected.

For example, you can use Alipay to pay off your credit card. It is also a product of Alipay. It is still safe and reliable, and the interest rate for repaying credit cards is also very low, with the lowest bank interest rate starting at 50% off.

The above is the answer to "What should I do if my credit card is overdue?" If your credit card is overdue, no matter what the reason is, it is always a good idea to pay it off as soon as possible. Even if you can't pay it off for the time being, you can choose to pay off the credit card on your behalf or actively negotiate with the bank. Don't run away, as the consequences will be serious.

This is the end of the introduction about credit card scams and whether there are successful credit card scams. Did you find the information you need?