detailed description:

1. First of all, the overdue credit card means that the cardholder fails to repay the due amount in the credit card bill on time.

2. When a person is overdue for many times in a short period of time, especially five times in five years, it shows that they have no good repayment ability or ability to manage personal finance.

3. This frequent overdue behavior will have a serious negative impact on personal credit records. Credit record is an important basis for financial institutions to evaluate a person's credit risk, and frequent overdue may lead to a decline in credit rating.

4. After the credit rating declines, individuals will face higher interest rates, less credit lines and more difficulties in applying for other loan products.

5. In addition, overdue credit cards will lead to additional expenses such as late payment fees, penalty interest and reminders, which will bring a certain burden to personal economy.

6. To sum up, five overdue credit cards in five years are serious, which will have a great impact on personal credit history and financial situation.

Extended information:

According to the relevant laws and regulations of China and the regulations of financial institutions, overdue credit card is a breach of contract. The longer the overdue time and the more times, the more serious the impact on personal credit rating will be. Financial institutions enjoy personal credit information through the credit information system, and overdue records will be recorded in personal credit reports for reference by other financial institutions. Therefore, it is suggested that cardholders develop good repayment habits to avoid overdue situations.

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