If the user fails to repay after the grace period or the repayment amount is lower than the specified minimum repayment amount, Everbright Bank will treat it as overdue, and the cardholder will have to pay penalty interest and late payment fee, and the penalty interest will be calculated on a daily basis. The late payment fee refers to 5% of the minimum monthly payment. In addition to penalty interest and late fees, Everbright will also report the overdue records of cardholders to the credit information system, which will have a great impact on future car loans, mortgages and loans.
What should I do if Everbright Credit Card is overdue?
1. Forgetting repayment: If the cardholder forgets repayment or delays payment, it is non-malicious overdue. Everbright Bank generally has a three-day grace period, and will pay off its debts within three days, which will not be overdue and there will be no credit history.
2. Inability to repay: If the user is unable to repay the overdue debt due to economic pressure, he can apply to China Everbright Bank to close the account, sign a personalized installment repayment plan, and repay the loan according to the agreed amount every month, thus reducing the repayment pressure of the cardholder.
3. Unsuccessful installment negotiation: If the user and China Everbright Bank cannot negotiate installment, they can only stop using the card and face the risk of being sued by China Everbright Bank.