A credit card will be blacklisted if it is overdue several times in a row

If a credit card is overdue three times in a row or six times in total, it will be blacklisted.

Once you find that your credit card is overdue and you have not repaid it in time, what you have to do is to repay it immediately. You must not delay it again and again, and it is best to repay it in full, so that you can have a good credit report.

If a credit card is overdue, penalty interest will accrue, and interest will be calculated on the full amount, with a daily interest rate of 0.5%. For example, if your credit card is overdue for 5,000 yuan and the number of overdue days is 30 days, then the penalty interest is 5,000 × 0.05% × 30 = 75 yuan.

In addition, in addition to interest, overdue penalties will also result in liquidated damages. Different banks have different charging standards for liquidated damages. Generally speaking, most banks’ credit card liquidated damages charging standards are basically set as 5% of the unpaid minimum payment amount.

We know that overdue is a kind of breach of trust. Once a credit card is overdue, the bank will report the overdue record to the central bank's personal credit report. The overdue record will be retained on the personal credit report for five years. During this period, when applying for a bank loan, you may encounter high interest rates, small loan amounts, or even the loan application is directly rejected by the bank.

Credit reports are currently mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

In addition, for those whose overdue circumstances are particularly serious, their travel will also be affected. They will not be able to fly, high-speed rail, stay in hotels, or use mobile phones to make overdraft purchases. Their children will not be able to attend key schools, and it will be difficult to move forward without trust.

Credit card debts are protected by law. If a cardholder maliciously overdrafts and fails to pay overdue, he is suspected of credit card crime and will be punished by law and face jail time. The penalty depends on the overdue circumstances. The more serious the circumstances, the heavier the penalty. If the overdue amount is particularly large, you may even be fined.

Banks are the ones who suffer the most from overdue cardholders. In order to reduce losses, banks will generally reduce the credit card limit of cardholders, or even directly block the card. Once your credit card limit is reduced or blocked, it will be difficult to increase or unblock it. When using a credit card, you must repay it on time. Overdue behavior is not advisable. You must not take risks, let alone take chances, otherwise the consequences will be serious.

How to calculate the number of overdue credit cards? How many times will overdue affect the loan?

Many friends know what is overdue on a credit card, but they don’t understand how to calculate the number of overdue credit cards. The number of overdue credit cards is mainly calculated based on cycles. Let’s take a look at the specific calculation method below.

Credit card overdue generally refers to non-repayment on the last payment date or the repayment amount is lower than the minimum repayment amount. Once overdue, it will be recorded in the personal credit report of the central bank's credit reporting system. Don’t underestimate this overdue payment. If it occurs frequently, it will affect your loan and credit card applications.

So, how to calculate the number of overdue items?

The number of overdue credit cards is not calculated in days, but in cycles. Credit cards are repaid monthly, so every 30 days is a cycle.

Generally, an overdraft of 61 to 90 days is counted as overdue once; an overdraft of "91 to 120 days" is counted as overdue twice; an overdraft of 121 to 150 days is counted as overdue three times; an overdraft of 151 to 180 days is counted as overdue four times. times; more than 180 days is considered overdue 5 times; and so on.

In addition, the number of credit card overdue periods can be divided into three situations: the current number of overdue periods, the cumulative number of overdue periods, and the highest number of overdue periods, as follows:

1. The number of overdue periods in the current period: Yes Refers to the current number of times that the minimum repayment has not been paid in a row. For example, if the cardholder has not repaid for 3 consecutive months, or the repayment amount for 3 months is lower than the minimum repayment, then the current number of periods is 3 times;

2. Cumulative overdue times: Each time the cardholder is overdue, it will be accumulated once. For example, if the cardholder is overdue in the first month, repays on time in the second month, and overdue again in the third month, then the number of overdue payments is 2.

3. Maximum number of overdues: the historical maximum number of current overdues. For example, if the cardholder’s current maximum number of overdues from January to October is 5, then the maximum number of overdues will be 5.

How many times overdue will affect the loan?

When most banks handle loan business, personal credit record is an important reference indicator, but they will not "beat the user to death" just because a credit card is overdue and does not repay.

When banks evaluate loan applicants, in addition to evaluating the repayment ability and loan purpose, banks will certainly focus on evaluating the applicant's personal credit. However, each bank has different standards for "how many times the loan is overdue".

Generally speaking, if the total number of overdue items reflected in the credit report does not exceed 6 times, and the overdue items do not exceed 3 times in the past year, the bank will consider that there are no serious problems with the credit record. If the applicant has no loan overdue record and only has one or two overdue credit cards, such a credit report will not have a serious impact.

However, if it is currently overdue, that is, a credit card happens to be overdue when applying for a loan, even if the credit was very good before, the current overdue impact on the loan application will be very serious, and it is usually impossible to obtain a loan.

It can be seen from the above that if a credit card is overdue, it does not necessarily mean that you cannot get a loan. As long as the borrower has good repayment ability and the number of overdue loans does not exceed the bank's standards, you can still get a loan. Therefore, if you want to get a smooth loan, you must pay attention to your credit, use your cards carefully, and develop good card usage habits.

How many times a credit card is overdue generally affects the loan

Credit cards have now become a must-have for people's daily consumption. They are not only used for consumption, but can also be used for loans, financial management, and investment. etc. So does everyone know the seriousness of overdue credit card payments? Many friends who are preparing to buy a house are anxious when they hear that overdue credit cards will affect their loans. So, how often will overdue credit cards affect their loans? Let me introduce it to you below.

How many times will the overdue credit card affect the loan?

When applying for a loan, the bank will obtain the applicant's personal credit report, which contains detailed credit card overdue records. But the credit report does not refer to the number of times, but to the cycle. For example, if there is an overdue date, the credit report will write the numbers 1, 2, 3, 4, 5, 6, etc., which respectively represent one month, two months, three Generally within one month, the bank can forgive it and it will not affect the loan, but it needs to be considered after 2 months, and it will definitely not be approved after 3 months.

Personal credit record is an important reference indicator, but when banks judge a user's creditworthiness, they will not just look at the number of overdue payments, but also look at the applicant's financial contribution, that is, their contribution to the bank's credit business. Engagement. From this perspective, users who occasionally have a small credit stain once or twice may have higher credit than those who only make deposits but do not take out loans and have no credit history.

If judged by the number of times, banks will generally not lend money if the cumulative overdue amount reaches 6 times or the consecutive overdue amount reaches 3 times. Although being overdue once will not affect your personal loan, don't get too happy too early. Although the bank can apply for a loan for you, it may not have the expected annual interest rate discount.

How to remedy an overdue credit card?

In the event of overdue repayment, do not think that closing the account immediately after repayment will clear the stain. On the contrary, closing the account immediately will also lose the opportunity to repair the overdue repayment record. We should continue to use the card after the stain occurs, maintain a good repayment record, and cover the previous stain with a new repayment record, so as not to affect future loans.

How many times overdue credit card repayments will affect credit card and loan applications

We all know that overdue repayments will affect personal credit records, and bad personal credit records will affect loans and loan applications. When it comes to credit card applications, here comes the question. How many overdue credit card payments will affect our loan and credit card applications? What are the consequences of late repayment?

According to the regulations of most banks, if the applicant has been overdue for three consecutive times or six times in the past two years, it will affect the re-application for loans and credit cards. At worst, you will not be able to enjoy the discount on the expected annual interest rate of the loan, and at worst, you will be directly rejected. The specific standards are slightly different for each bank. Relatively speaking, mortgage review standards are stricter.

The number of credit card overdue periods can be divided into three situations: the current number of overdue periods, the cumulative number of overdue periods, and the highest number of overdue periods.

The number of overdue periods in the current period refers to the number of times that the minimum repayment amount or the amount stipulated in the loan contract has not been paid continuously. For example, if the cardholder has not repaid for five consecutive months, then the current number of overdue periods is 5; and the cumulative number of overdue periods is a cumulative The number means that as long as the cardholder is overdue once, it will be accumulated once; the maximum number of overdues is the historical maximum value of the current number of overdues. For example, if the current maximum number of overdues for the cardholder from January to October is 5, then the maximum number of overdues is 5. The number of times is 5 (the impact of overdue credit card repayments).

If the overdue repayment is discontinuous and rare, there is no need to worry too much. The personal credit record is just a database that truly and objectively records the customer's credit record without any evaluation. Users' credit records are collected uniformly by the Credit Information Center of the People's Bank of China, and all banks can share this information. Even if your credit card is overdue three or six times, it does not mean that you cannot get a loan. The bad credit record can be eliminated (method to eliminate bad credit record within one year).

Warm reminder: Always pay attention to maintaining your credit record to avoid unnecessary trouble when applying for a loan or credit card. If you already have a small credit stain, don’t worry too much. The bad credit record will not accompany you for life. As long as you use your credit card frequently in the next few years and repay on time, you can improve your credit, eliminate the bad credit record, and apply for a credit card again. , loans and everything can be done.

Let’s stop here to introduce how many times your credit card has been overdue.