1. Credit records are damaged: banks will report overdue records to credit reporting agencies, which will have a negative impact on personal credit rating and make it difficult to obtain better credit conditions.
2. High penalty interest and late payment fee: The bank will charge high penalty interest and late payment fee according to the overdue time and the amount owed, which increases the repayment burden.
3. Collection action: The bank may take collection measures, such as telephone, text message or door-to-door collection, which will bring trouble and inconvenience to individuals.
To sum up, it is serious that Minsheng Credit Card is overdue for 5 days, which may have a certain impact on personal credit record, economic burden and daily life.
Supplementary information:
According to the regulations of China Banking Regulatory Commission (CBIRC), overdue credit cards are classified into three grades: slight, average and serious. The criteria for the classification of specific grades may vary from bank to bank, and are usually related to the overdue time and the amount owed. Five days overdue usually belongs to the general level, and the serious level refers to the situation of overdue for more than 90 days or large debts. But even if the overdue time is 5 days, the potential impact on personal credit and economy should not be underestimated.