Anyone who has done a credit card knows that a credit card has a repayment period. If you don't pay back, the consequences will be serious! But what are the specific consequences?
Article 14 of China Bank Card Industry Self-discipline Convention stipulates that if the credit card repayment is delayed for less than 3 days, or the repayment amount difference is within 10 yuan, no penalty interest will be charged. Article 13 of China Bank Card Industry Self-discipline Convention also stipulates that banks should provide timely services for cardholders, remind them of repayment by SMS or email at least three days before the due repayment date, and provide a repayment period of at least three days. In other words, if the cardholder pays back the money within 3 days after the stipulated repayment date, the bank shall consider it as full repayment in the same period, and no penalty interest is allowed.
Note: 3 days refers to natural days, not working days.
Overdue repayment of credit card refers to the situation that the final repayment period stipulated by the bank is exceeded and the consumption money is not deposited into the designated account in full and on time.
After the deadline, the following consequences will occur:
1, penalty interest for overdue credit card. The so-called credit card overdue penalty refers to the fees that the cardholder should pay to the issuing bank according to the regulations when the repayment date is not due or the repayment amount is lower than the minimum repayment amount.
2. Overdue interest. After users overdraw with credit cards, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder's repayment is overdue, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.
3. Bad credit record. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records. China's personal credit information records have been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank.
4. Litigation costs. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to send a lawyer's letter to the user and bring a lawsuit to the court, and the litigation expenses will be borne by the cardholder.
5. Criminal responsibility for malicious overdraft. According to Article 196 of China's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Whoever commits credit card fraud with malicious overdraft shall be investigated for criminal responsibility for the crime of credit card fraud, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 20,000 yuan but not more than 200,000 yuan.
It is easy to borrow, but it is not difficult to borrow again!
Friends who use credit cards must remember to repay on time!