CITIC Bank’s credit card is three months overdue. They sent a text message saying that they would arrange for collection agents to come to collect the money. This is true. If you continue to fail to pay off your debt, you will receive a letter from a lawyer and be prosecuted in court. It is recommended to repay the loan promptly. Overdue repayment refers to the situation of exceeding the final repayment period stipulated by the bank and failing to deposit the consumed amount into the designated account in time and in full. The main functions of the repayment date:

1. The bank uses it to determine whether the cardholder has a malicious overdraft tendency,

2. To determine the cardholder’s financial status.

3. Repayment after the final repayment date will inevitably result in an overdue record. Whether this record can be changed from the bank requires further negotiation with the card issuer

: What should I do if my credit card is overdue?

1. Timely repayment: When a credit card is overdue, please pay off the debt as soon as possible. It is best to pay off the debt in one go and prove to the bank that the cardholder has the spending ability and repayment ability. If you are capable, if the arrears are not long ago, you can call the customer service staff of China CITIC Bank to explain the reason for forgetting the repayment date. It is not malicious, resulting in overdue repayment. If the cardholder's previous consumption record has always been good, It is very likely that this overdue record will not be recorded, so it depends on the cardholder's past credit record.

2. Apply for a credit card reduction: If the credit card is overdue for too long and there is no way to remedy the situation, you can apply to continue using the credit card. Generally speaking, banks will reduce the credit card limit as a penalty. Cardholders can continue to consume after paying off the balance. At the same time, they must ensure a good repayment record during the consumption period. It is best to deposit and then consume repeatedly, so that bad records can be corrected through a long period of good consumption. coverage, thereby reducing the negative impact of overdue payments on cardholders. Of course, CITIC Bank's credit card overdue will also need to bear certain economic losses: if the full repayment is not made, the overdraft amount will be charged at a daily interest rate of 0.05%, and compound interest will be charged on a monthly basis. The minimum charge is RMB 1 yuan or USD 1 yuan or Hong Kong dollars. 1 yuan or 1 euro; if you fail to pay off the minimum repayment amount, you will also need to pay a late payment fee, which is 5% of the unpaid portion of the minimum repayment amount in each period. The minimum fee is RMB 30 yuan or USD 3 yuan or HKD 30 yuan. Or €3.