If the credit card is overdue due to unemployment or illness, you can take the initiative to contact the bank, explain the overdue situation, show that you are not maliciously defaulting, and then apply for deferred repayment. After the general bank agrees, it can cancel the liquidated damages. After the general credit card is overdue, the bank staff will tell you that there is a penalty. If you fail to fulfill your obligations, you have the right to apply for cancellation of punishment.

Credit card loans overdue will not only cause overdue interest, but also continue to upload loans overdue records to the central bank's personal credit information system, which will affect personal credit information. Once a person has a bad record, it may affect all aspects of his daily life in the future. The most direct thing is that the loan application will basically not be allowed. Therefore, when using credit cards, we must cultivate good repayment habits and repay in full and on time. That's what happens when credit cards are overdue.

Impact of overdue:

1. If the payment is overdue for more than 7 days, the bank will classify the loan as "dunning" and "deferred payment", at which time the user must pay the tax late fee or overdue interest;

If you don't pay for more than three months, it will be very serious. Lenders will be marked with bad personal credit records in the joint credit information center, alias "credit blacklist", and it is likely to be kept for more than three years;

3. As long as you enter the credit blacklist, mortgage and car loan will be affected. Overdue interest is only a financial loss, and poor personal credit record is a loss of inventory, and its influence is irreparable by money.

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).

On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

What if the credit card is overdue?

In order to ensure the arrival time, it is best to use the debit card of the same bank, and try not to repay through third parties such as interbank or Alipay. Overdue credit cards will produce bad credit records, and the following remedial measures need to be taken:

1. Pay off the arrears in time, take the initiative to explain the situation to the bank and keep the account normal.

Never cancel your credit card because it is overdue, or you will lose the opportunity to repair your credit. After the expiration, we should continue to use credit cards normally, spend more, repay on time, and replace overdue records with new repayment records.

Don't lose contact after the deadline, and don't let the bank think that you owe money for malicious overdraft, otherwise you may be punished by the bank.

What if the credit card is overdue?

Many people often have two misunderstandings after their credit cards are overdue.

Myth 1: ignore it after the overdue period, thinking that it will be fine if you don't brush it in the future. To put it simply, you don't know how to calculate the penalty interest.

Myth 2: "After the deadline, I really have no money, but I still pay tens or hundreds of dollars a month, which shows that I have a willingness to repay, not a malicious overdraft."

According to the survey, most young people now hold more than three credit cards, and there are many kinds of online loans under their names. Because of the epidemic in 2020, people all over the country have entered a period of high overdue credit cards. According to the data released by the central bank, by the end of 2020, the total overdue amount of credit cards has reached 9 18 billion yuan, an increase of 23% over the first half of the year, but it is also a record high compared with previous years.

Natural and man-made disasters, most cardholders are forced to overdue for the first time in their lives, only temporarily losing their repayment ability, not deliberately not paying back, as well as overdue collection and door-to-door collection. It has seriously affected the normal work and life of cardholders. The bank collection was reckless, and the CBRC finally launched a series of new policies for overdue credit cards to rescue debtors.

There are new regulations on overdue credit cards 202 1 Whether credit cards or loans are not repaid, there will be new regulations to punish these old borrowers. Let's take a look at the provisions of 202 1 on non-repayment of debts.

Provisions on overdue repayment of credit cards:

According to Article 70 of the Measures for the Supervision and Administration of Credit Cards of Commercial Banks, under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the cardholder's repayment ability and the cardholder still has the willingness to repay, the cardholder may negotiate with the issuing bank to stop the installment repayment, and the personalized installment repayment period shall not exceed 5 years at the longest.

1. liquidated damages instead of late fees.

The charging standard is 5% of the unpaid part below the minimum repayment amount, and the advantage of liquidated damages is to prevent the interest from rolling.

2. Improve the sentencing standards of credit cards.

Credit card overdue may bear criminal responsibility. If the cardholder maliciously fails to pay the time limit, it may constitute a credit card crime, and the sentencing standard for credit cards will be raised from 1 10,000 yuan to 50,000 yuan (single card principal, excluding penalty interest).

3. The minimum repayment amount is less than 10%.

The overdue repayment amount of credit card is not necessarily 10%. After the new regulations, the minimum repayment amount may be lower than 10% or even lower, depending on the bank policy.

4. Interest-free installment payment can last up to 60 months.

The minimum interest-free installment before the new regulations is 20-50 days. After the new regulations, the interest-free installment can be up to 5 years, that is, 60 months of repayment, which requires the cardholder and the bank to reach an agreement through consultation.

5. Cash withdrawal by credit card is included in the minimum repayment amount.

According to the new regulations, the cash withdrawal amount of the current month will enter the bill of the current month, and the minimum repayment amount must be paid off in one lump sum, otherwise the accounting will be overdue.

Five supporting policies for overdue personalized suspension and installment of credit cards:

First: stop collecting!

Second: stop the rise of interest and liquidated damages!

Third: stop the risk of banks!

Fourth: reduce the interest, liquidated damages and other expenses that have been incurred (different bank policies are different)!

Fifth: negotiate personalized installment repayment, which can be divided into 5 years and 60 months at most!

Finally, you must adjust your mentality after you are in debt, and don't break the jar! Under the premise of legal permission, do everything possible to make money, and believe that you have the ability to owe so much, and you will be able to pay it off. It's only a matter of time before overdue card friends go ashore. Come on!

How to refund the credit card penalty?

Call the bank customer service first and ask for a refund of the liquidated damages, but only if you have paid off the arrears and successfully applied for cancellation of your credit card.

Second, the general bank staff will say that it cannot be handled directly, and ask the cardholder to contact the local branch for consultation.

Third, when applying for refund of liquidated damages, cardholders must be tough. Under normal circumstances, customer service will agree.

The premise of interest reduction is that the cardholder has a "strong" willingness to repay, but due to objective reasons, he can't repay in full and on time! Interest reduction and exemption can only be handled after the cardholder applies, the bank agrees and the leader reviews.

Liquidated damages refer to a certain amount of money paid by a party to a contract for its breach of contract when it fails to perform or improperly performs the contract. Liquidated damages are generally divided into punitive liquidated damages and compensatory liquidated damages, both of which belong to the category of security interests. In terms of the amount limit, if the parties agree on liquidated damages, they shall pay the liquidated damages according to the agreement. However, if the above losses need to be appropriately reduced or the following losses need to be appropriately increased, the liquidated damages included in the scope of guarantee shall be subject to the amount finally determined by the people or the arbitration institution. The subject matter of liquidated damages is usually money, but the parties may also agree that the subject matter of liquidated damages is other property than money.

Definition:

Liquidated damages refer to a certain amount of money paid by a party to a contract for its breach of contract when it fails to perform or improperly performs the contract. Liquidated damages are generally divided into punitive liquidated damages and compensatory liquidated damages, both of which belong to the category of security interests. In terms of the amount limit, if the parties agree on liquidated damages, they shall pay the liquidated damages according to the agreement. However, if the above losses need to be appropriately reduced or the following losses need to be appropriately increased, the liquidated damages included in the scope of guarantee shall be subject to the amount finally determined by the people or the arbitration institution. The subject matter of liquidated damages is usually money, but the parties may also agree that the subject matter of liquidated damages is other property than money.

This is the end of the introduction on how to deal with credit card default and overdue fine. I wonder if you have found the information you need?