When the credit card is overdue, the cardholder can call the customer service number on the back of the credit card to negotiate repayment with the official customer service of Industrial Bank. After making a call, the cardholder explains the reason for the overdue payment to customer service, directly offers to negotiate repayment and handles related business as required. After passing the application, the cardholder can directly repay according to the negotiated repayment method. When an Industrial Bank credit card holder is overdue but is not sued by the bank, the cardholder can negotiate repayment with the card-issuing bank.

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will work with the merchant and the cardholder to The cardholder can make an overdraft within the prescribed limit.

Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. A simple and popular understanding is borrowing money that requires interest. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development; at the same time, banks can also obtain loan interest income and increase their own accumulation.

Interest refers to the remuneration paid by the borrower to the lender for the right to use funds. It is the use price of capital (that is, the loaned principal) within a certain period of time. Loan interest can be calculated in detail through the loan interest calculator. In civil law, interest is the legal interest on principal. Overdue credit cards will have the following consequences:

1. Incurring overdue interest, late payment fees and other fees

If the credit card fails to repay after the interest-free period, it will no longer enjoy the interest-free rights. Pay interest, compound interest, late payment fees, handling fees and other fees, and the interest is calculated based on the consumption amount as the principal from the date of swiping the card. Generally, it is a daily interest of 0.05%, and compound interest is collected on a monthly basis.

2. Produce bad credit records

After the expiration date, personal credit reports will have bad credit records. Banks will treat customers with bad credit records carefully in future loan applications. , customers may be asked to provide mortgages and guarantees, the loan amount may be reduced, the loan interest rate may be increased, or the loan may even be rejected.

Bad credit generally involves loans, overdue credit cards, cashing out credit cards, providing guarantees to people with bad credit, etc. Once an individual has a bad credit record, he or she must bear the following negative consequences:

1. Handle Bank loans, credit cards, and other formal credit checking platforms will be more difficult and may even be rejected.

2. If a serious delinquent is listed as a breach of trust person, he will be restricted from all kinds of high consumption, and will not be able to fly, high-speed train sleeper, etc., which will affect travel; and affect employment, especially state-owned enterprises and public institutions. Even the management of some private companies cannot be held;

3. Loss of personal intangible assets;

4. Impact on the quality of future economic life.

Legal basis:

Article 3 of "Several Provisions of the Supreme People's Court on Restricting High Consumption and Related Consumption of Persons Subject to Execution" If the person subject to execution is a natural person, after consumption restriction measures are taken , are not allowed to engage in the following high consumption and consumption behaviors that are not necessary for life and work:

(1) When taking transportation, choose second-class or above cabins in airplanes, trains, and ships;

(2) High consumption in star-rated hotels, hotels, nightclubs, golf courses and other places;

(3) Purchase of real estate or newly built, expanded or high-end decorated houses;

( 4) Leasing high-end office buildings, hotels, apartments and other places to work;

(5) Purchasing vehicles that are not necessary for business operations;

(6) Traveling and vacationing;

(7) Children attending high-fee private schools;

(8) Paying high premiums to purchase insurance and financial products;

(9) Taking all seats on G-EMU trains, and others First-class or higher seats on EMU trains and other consumer behaviors that are not necessary for life and work.

If the person subject to execution is an entity, after consumption restriction measures are taken, the person subject to execution and his legal representative, principal person in charge, persons directly responsible for affecting debt performance, and actual controller shall not implement the provisions of the preceding paragraph. Behavior. If you use your personal property to carry out the acts specified in the preceding paragraph for private consumption, you may apply to the enforcement court. If it is found to be true upon review by the execution court, it shall be approved.