What will be the consequences of not repaying the credit card for three months?

1. High interest and late payment fees. Cardholders who do not repay the credit card will no longer enjoy the credit card interest-free period and will Interest will be calculated at 0.05% per day starting from the day of consumption, and compound interest will be calculated on a monthly basis. At the same time, if the credit card interest-free period is exceeded, the bank will charge the credit card holder a late payment fee, which is 5% of the unpaid minimum repayment amount. After a certain period of time, the bank will charge the card holder a higher penalty. interest.

2. Personal credit stains. Once your credit record is stained, it will be difficult to apply for a credit card.

3. If a credit card is suspended, the bank will consider the cardholder to have a higher risk of repayment if it has repeatedly defaulted on repayments or has defaulted on large amounts for a long time, and will therefore suspend the credit card. If the bank still fails to repay the credit card debt after the bank pursues it, the bank may apply to auction the cardholder's other fixed assets.

Legal basis: "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"

Article 57

Paragraph 2

Card-Issuing Bank When receiving repayment from the cardholder, all outstanding balances on the credit card account will be offset in the following order: if overdue for 1-90 days (inclusive), interest or fees receivable will be collected first, followed by the principal. If it is overdue for more than 91 days, it will be offset in the order of principal first, then interest receivable or various fees.

First, we can negotiate with the financial institution to extend the repayment period and reduce the monthly repayment amount.

When our loan becomes overdue, we must proactively communicate with the financial institution and fully communicate our current financial constraints to the financial institution. At the same time, we must also express to the financial institution whether we have the ability to repay the loan. I am willing to pay, but the current funds are relatively tight, so I try to win the understanding and support of financial institutions. At the same time, we can propose to the financial institution to adjust the original repayment plan and extend the repayment period, so as to reduce the repayment amount of each period, reduce our repayment pressure, and gradually exchange time for space. Repay debts owed to financial institutions.

Second, we need to increase other sources of income while reducing unnecessary expenditures.

After our loan becomes overdue, we must not give up on ourselves, but must arm ourselves from more aspects.

We can start from the current work situation and squeeze out our spare time to do other work to increase our own income, which is the so-called open source. At the same time, we must also actively compress some of our unnecessary expenses and reduce monthly cash expenditures, which is the so-called expenditure reduction. By increasing revenue and reducing expenditure, we can increase our net income, and we can use the net income to repay debts owed to financial institutions.

What should I do if I haven’t paid off my credit card for three months?

It is considered overdue, and in addition to interest, corresponding liquidated damages will be incurred (liquidated damages = the unpaid portion of the minimum repayment amount × 5%).

If you are overdue for more than three months or fail to repay more than two bank reminders, the bank will freeze your bank account and blacklist you as a prohibited customer. At the same time, your bank will also ++ your credit card + + and malicious overdraft, ++ enforced. ++If you later refuse to repay and the amount owed exceeds RMB 10,000, you will be sentenced in accordance with Article 196 of the Criminal Law for the crime of credit card ++.

Extended information:

Credit cards have two concepts: billing date and repayment date (also known as the final repayment date). The billing date is the day when transactions within a billing cycle are settled, and the repayment date is a repayment period. Because it is impossible to restore the situation of your contact with customer service, it does not rule out that you misunderstood the customer service staff's explanation or the customer service staff's explanation was unclear or even incorrect.

The main function of the repayment date is for banks to determine whether the cardholder has a malicious overdraft tendency and to determine the cardholder's financial status. Therefore, repayment after the final repayment date will inevitably result in an overdue record. Whether this record can be changed from the central bank requires further negotiation with the card issuing bank.

Credit card collection is divided into two types: in-house collection and outsourcing collection. Internal collection usually refers to customers who are overdue for more than three months. They are usually reminded by the bank’s customer service (M0 period) or electronically contacted by the collection department (M1). , 2 period) or each business outlet office will visit (M3 period) to make overdue payment reminders!

Outsourcing collection mainly refers to the fact that the credit card center entrusts some customers who are difficult to handle, have problems, have lost contact or have small amounts of money to a company specializing in the collection industry (some are legal affairs) after internal collection has failed. ) to make a call.

Reference material: Industrial and Commercial Bank of China. "The Impact of Overdue Credit Card Repayment"

What are the consequences of a credit card that is three months overdue?

A credit card that is three months overdue must be Credit will be checked at the meeting.

A credit card that is overdue for three months will have the following consequences:

1. Credit card overdue fees will be incurred, that is, the cardholder fails to repay or repay the amount before the due date. When the minimum repayment amount is less than the minimum repayment amount, the fee payable to the card-issuing bank is required.

2. Overdue interest will accrue. If the cardholder’s repayment is overdue, the cardholder will no longer enjoy the bank’s interest-free treatment for all expenses incurred in the previous month, and the recurring daily interest rate is as high as ten thousand percent. five.

3. Create a bad credit record.

4. Litigation costs may also be incurred. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit. The litigation costs will be borne by the cardholder.

5. You may bear criminal liability for malicious overdraft.

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Credit card overdue has always been a major problem that affects the use of credit cards and personal credit reports. Once a credit card is overdue, it will inevitably have an impact on individuals in the next five years.

But if we accidentally overdue a credit card, is there any way to remedy it?

First, when a credit card is overdue, you can first pay it back in time.

When using a credit card, there are many people who forget the final repayment date. Many credit card novices will appear. Because they cannot remember the credit card repayment date, they will eventually cause the credit card to repay overdue.

Once such behavior occurs to us, no matter how long the overdue time is, the first thing to do is to pay back the money no matter how much money is owed, so that this part will not have a greater impact on the future. Bad influence.

Second, after we have paid off the credit card, we must understand that if our credit card is overdue, it will not appear on the credit report if we pay it off after the bill date.

Every major bank will have a credit card repayment fault tolerance mechanism. If we repay in time and within the bank's fault tolerance mechanism, then congratulations, your credit report will not be bad after repayment. will be affected.

But this is only a short-term remedy. We must not let this situation happen frequently. If this happens several times in a row, there is a high probability that you will be included in the bank's personal credit report, which will affect your personal credit report.

If you really have passed the fault tolerance period in the end, you can proactively contact the bank to explain the situation, promise to repay the money, and explain the reasons for repayment later, and you may be able to save something. Chance.

Thirdly, we ourselves have overdue behavior in the process of using credit cards, and the overdue records have been handed over to the credit reporting center. We still have the opportunity to remedy the situation.

There are conditions that apply to this situation. If our overdue application is caused by fraud, then we can write an overdue application appeal report. The card issuing bank will stamp to confirm that there has been fraud and submit it to the Credit Report Center for appeal to eliminate overdue records.

Fourth, if there is indeed an overdue record on the credit report, there is only one way we can do it, and that is to use subsequent good repayment records to slowly restore the "credit".

After all, you cannot cancel the card in time after paying off the debt, and you must use the credit card continuously for 5 years before you can cancel the original bad record. Bad credit records are generally kept for 5 years.

This is the end of the introduction about credit cards that are automatically canceled after 3 months and credit cards that are not used for 3 months. Did you find the information you need?