1. What will happen if the credit card is overdue?

Overdue interest will be charged, overdue records will be recorded in the credit report, and various collections will be made. They will be blacklisted by the bank and sued by the court to seize the mortgaged property. Generally, the bank will collect the credit card when it is overdue for about 15 days. Usually, in this case, the bank will send a text message to collect the debt at the beginning. However, after sending the text message to collect the debt for about 30 days, the cardholder still has not paid back in time. Yes, the bank will definitely take further measures to collect the money. If the bank card is overdue for more than half a year, it may face prosecution.

2. How to avoid being sued if your credit card is overdue?

1. Stop the increase in high monthly penalty interest and liquidated damages after overdue payment.

2. Stop collection actions by banks and third parties.

3. After overdue payment, the loan can be repaid in up to 60 installments.

4. It can avoid the bank’s prosecution of the borrower.

5. It is possible to reduce or reduce the penalty interest and liquidated damages that have been incurred and even the principal installment repayment.

3. What are the methods to eliminate bad personal credit records caused by overdue credit cards?

(1) Credit card records only show the last 24 months, and past records are difficult to query. arrive.

As long as the cardholder spends at least 1 yuan each month in the next 24 months and repays the loan on time, the previous bad records can be overwritten and good records will be regenerated without any negative impact. Subsequent credit impact.

(2) Banks are also people-oriented. As long as the bad records are not uploaded to the system, it usually takes 90 days.

If the cardholder proactively contacts the card-issuing bank continuously, explains the reasons and takes appropriate remedial measures, the bank will usually help the customer eliminate the bad credit record.

(3) The last method of erasing records takes time.

The People's Bank of China generally only keeps personal credit records for 7 years. Therefore, as long as the cardholder does not have any bad records within 7 years after the bad records occur. Then the People's Bank of China will also automatically remove the cardholder's bad records.

If the credit card is overdue, there are two types of interest: the overdue interest on bank credit cards is generally 0.05% per day, and the interest is calculated based on the interest rate of 0.5%, and then the compound interest is calculated based on the interest rate of 0.5%. Until the cardholder pays off all the money. For the overdue portion, interest will be charged on the full amount and compound interest will be calculated on a monthly basis until the cardholder pays off the balance in full. If the credit card is currently overdue and the cardholder has not paid the minimum payment for more than three months, the bank will issue five months of agreed interest.

Overdue credit cards are considered bad breaches of trust in nature. The first thing that will be affected is the individual’s credit record. However, the individual’s bad credit record will affect the exercise of various rights and interests in the future. and other types of loan applications have a very negative impact, so planned consumption and avoiding overdue behavior are the fundamental solutions to the problem.