In the past, banks charged late fees in addition to interest on overdue credit cards. In the new credit card regulation of 20 17, the central bank officially changed the late payment fee into liquidated damages. From the past, there was no upper limit, and now there is a provision for the maximum amount to be charged, which has alleviated a lot of repayment pressure for cardholders.
If there are special circumstances that lead to overdue credit cards, how to eliminate credit card liquidated damages?
When the credit card cannot be repaid due to unemployment, illness, etc., before the repayment deadline, the cardholder takes the initiative to get in touch with the bank credit card center to explain his financial situation, declare that he is not maliciously in arrears, and apply for deferred repayment, and the bank agrees.
If this is the case, but your credit card still generates a penalty, then you can call the credit card issuing bank to explain the situation, and the staff will verify it clearly, so that the resulting credit card penalty can be eliminated.
In addition, the collection of credit card liquidated damages is generally the cost of overdue credit cards, and banks are obliged to inform cardholders of this overdue charging standard. If the obligation to inform is not fulfilled, the cardholder also has the right to apply for cancellation.
The elimination of credit card liquidated damages can only be operated under special circumstances. Generally, customers with overdue credit cards have to pay liquidated damages. In order to ensure that your own interests are not harmed, you should repay in full and on time!