With the continuous development of social economy, in real life, we will always encounter various situations, especially what will happen after our credit card expires, which also makes many of our netizens very worried about this. In fact, we should know that overdue repayment of credit cards will have many adverse consequences. Next, Bian Xiao will show you what bad consequences it will bring us.

First of all, we should know that overdue repayment is a very serious illegal act after credit card overdraft. The bank may require the cardholder to repay the principal, and the corresponding overdue interest, overdue fine, excess part and other related expenses. Once the bank wins the case directly, the cardholder will bear the corresponding expenses. Therefore, our overdue repayment will have a very serious impact on us, and even lead us to be sued by the bank, so as to get the corresponding lawsuit. Therefore, when

Besides, we need to know who our current banking system is. Under the central bank system, that is, when we are overdue, there is a great possibility that there will be bad credit records, and these bad credit records will directly enter our personal credit information system, which will have a serious impact on us, especially in our future life. If we want a housing loan, it is very likely that we can't get a loan from the bank, and our high-speed train and plane can't take it, because there is something wrong with personal credit information, and these things will be seriously affected.

To sum up, we can clearly know that if the credit card is overdue, it will bring us serious consequences, and these serious consequences include that our personal credit information will be seriously affected and our lives will be affected. This is right or wrong.

Consequences of long-term overdue repayment of credit cards

If the credit card fails to repay within the time limit, it will generate high interest and late payment fees; Will produce personal credit stain; Credit cards may be stopped; Malicious credit card arrears will be sentenced.

According to Article 196 of the Criminal Law, those who engage in credit card activities with a relatively large amount shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan:

If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan.

Credit card overdue repayment will face the following consequences:

1, overdue repayment of credit cards will result in high interest and late payment fees. If the credit card is not repaid, the cardholder will no longer enjoy the interest-free period of the credit card. From the date of consumption, 0.5 ‰ interest will be charged every day, and compound interest will be calculated monthly. Tens of thousands of dollars in arrears will generate thousands of dollars in less than a few days, and the longer the time, the higher the interest.

If the credit card fails to repay in time after the interest-free period, the bank will charge the cardholder a late fee, which is 5% of the unpaid part of the minimum repayment amount. After a certain period of time, the bank will charge the cardholder a higher penalty interest.

2. Non-repayment of credit card will lead to personal credit stain. As long as you have applied for a credit card or loan, you will know how important your personal credit record is. It will be very difficult to apply for a credit card once your credit history is tainted. This is not the most troublesome. Worst of all, if you want to buy a house in the future, the loan amount will be less than others and the interest rate will be higher than others. If it is overdue, the bank will not lend it to you even if it wants to pay more interest.

3. Credit cards may be stopped. If the credit card is not repaid, the bank will withdraw the revolving credit given to the cardholder and the credit card will be deactivated.

For those who owe money for many times or for a long time, the bank will think that the cardholder has a high risk of repayment, so it will stop using the credit card and recover the arrears from the cardholder. If the bank still fails to repay the credit card arrears, the bank may apply for auction of other fixed assets of the cardholder.

4. Malicious credit card arrears will be sentenced. If the credit card is not repaid for more than three months, it will be regarded as a "malicious overdraft" and the bank can initiate judicial proceedings. China's criminal law stipulates that if the credit card overdraws more than 5,000 yuan and the debt lasts for more than 3 months, the judicial organ will take corresponding measures (more than 5,000 yuan; Criminal detention of less than5,000 yuan).

What happens if the credit card has no arrears?

Failure to pay back the credit card will affect the personal credit record, limit high consumption and bring inconvenience to life. If it is serious enough to constitute a malicious overdraft of a credit card, the credit card crime is established. If the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan. A large amount refers to more than 6,543,800 yuan but less than 6,543,800 yuan.

Legal basis:

Article 196 of the Criminal Code of People's Republic of China (PRC).

Whoever maliciously overdraws a credit card and engages in credit card activities, with a relatively large amount, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan.

Article 6 of the Interpretation of the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Affecting Credit Card Management.

If the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and the issuing bank fails to repay it for more than three months after two times of collection, it shall be deemed as "malicious overdraft" as stipulated in Article 196 of the Criminal Law.

Malicious overdraft, the amount of which is more than 10,000 yuan but less than 100,000 yuan, shall be deemed as "a large amount" as stipulated in Article 196 of the Criminal Law; If the amount is more than 100,000 yuan but less than 1 million yuan, it shall be deemed as "a huge amount" as stipulated in Article 196 of the Criminal Law; If the amount is more than 6,543.8+0,000 yuan, it shall be deemed as "extremely huge amount" as stipulated in Article 196 of the Criminal Law.

What are the consequences of long-term overdue credit cards?

Long-term overdue of credit cards will lead to the following consequences: the overdue record of credit cards has been left in the credit investigation, forming a credit investigation stain; Overdue interest on credit cards generates compound interest on a monthly basis; Banks will always collect users; If the overdue amount is large, the bank can use it; Subsequent users cannot apply for any credit business, etc.

According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

20 17 12 1, the English translation and writing standards for public services were formally implemented, and the English names of credit cards were specified.

What will happen if the credit card is overdue for a long time

1. There is overdue penalty interest.

If the credit card is overdue, the overdue interest will be calculated from the overdue date until the debt is paid off, and will be compounded monthly.

Second, it affects personal credit.

Overdue credit cards will be recorded in the credit information system, and overdue bad credit records will directly affect personal credit evaluation.

Third, through the bank

As long as the credit card is overdue for three months, the bank has the rights of the parties. Once it is accepted by the bank, it may be included in the list of untrustworthy people because of serious overdue, except for civil liability.

Fourth, it is constantly being collected.

After the credit card is overdue, the bank will collect it.

Credit investigation is an activity of collecting, sorting, saving and processing the credit information of natural persons, legal persons and other organizations according to law, providing credit reports, credit evaluation and other services to help customers judge and control credit risks and conduct credit management.

Credit investigation is a professional and independent third-party organization that establishes credit files for individuals or enterprises and provides a platform for professional credit investigation organizations to share credit information.

What do you mean by bad information? Bad information refers to information that has a negative impact on the credit status of the information subject, such as information that the information subject has not fulfilled its obligations in accordance with the contract in activities such as lending, credit purchase, guarantee, leasing, insurance and credit card use, information that the information subject has been subjected to administrative punishment, information that the people have judged or ordered the information subject to fulfill its obligations, and information that has been enforced.

What do some nouns of "overdue" information recorded in the credit report mean?

Did you see some terms used in the credit report to record "overdue"? It's actually quite simple. For example, the current overdue period number/amount refers to the current continuous overdue period number and amount; Overdue month refers to the month when the loan or credit card is overdue; The number of overdue months/amount refers to the number of months that an overdue behavior has lasted until now and the amount that should not be returned.

How long will the bad information be kept? A lifetime record of dishonesty? Bad information doesn't last a lifetime. The retention period of bad information is 5 years from the date of termination of bad behavior or event. For example, if 10' s mortgage is forgotten to be overdue, the overdue record will be automatically eliminated after 5 years from the date when 10' s mortgage debt is paid off.

What should I do if I find that the bad information record is wrong?

If you think that there are errors or omissions in the information collected, saved and provided by the credit reporting agency, you have the right to raise objections to the credit reporting agency or information provider and ask for correction. After receiving the objection, the credit reporting agency or information provider shall mark the relevant information in accordance with the regulations, check and deal with it within 20 days from the date of receiving the objection, and give you a written reply.

What will happen if the credit card is overdue?

Credit card overdue mainly has the following consequences. First of all, overdue repayment will lead to high cost of overdue repayment of credit cards, and repayment is also needed. Then there will be overdue interest. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records, which may affect normal consumption, travel and employment. Those who constitute a credit card crime will bear corresponding legal responsibilities. If the circumstances are serious, you may go to jail.

Extended information 1. The earliest credit card appeared at the end of 19. In 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business sector. But at that time, the card could only borrow short-term commercial credit, and the money had to be repaid as needed, so there was no long-term default and no credit line. In 1950s, McNamara, a credit expert in Manhattan, USA, ate in a restaurant. Because he didn't bring enough money, he had to ask his wife to send it. This made him feel embarrassed, so he organized "DinersClub". Members can take their meal cards to the designated 27 restaurants for meals without paying cash. This is the earliest credit card. Franklin National Bank was the first bank to issue credit cards, and other American banks followed suit. It is said that one day, Frank McNamara, an American businessman, entertained guests in a hotel in new york. After eating, he found that he had forgotten his wallet. He was so embarrassed that he had to ask his wife to bring cash to the hotel to settle the bill. So McNamara came up with the idea of creating a credit card company. 1950 In the spring, McNamara and his friend Schneider invested 1000 dollars to set up DinersClub in new york, which was the predecessor of Diners Credit Card Company. Come to the club to provide members with a card that can prove their identity and ability to pay, and members can use the card to keep accounts and spend money. This kind of credit card that does not need to be handled by a bank is still a commercial credit card.

Second, the original meaning of the word "credit card" refers to this kind of financial products introduced in this post. But what was popular in China before was a savings card without a credit card or even any credit card function. So the real credit card can only be called "credit card", which is neither fish nor fowl. Real credit cards have the following characteristics: cash deposit is not encouraged, payment is made after consumption, interest-free payment period is enjoyed, repayment can be made in installments (with minimum repayment amount), and international credit card organizations such as VISA, MASTER and JCB are joined for global use.

Another way of saying credit card is that credit card is a non-cash transaction payment method and a simple credit service. Credit cards are generally plastic cards with a length of 85.60mm, a width of 53.98mm and a thickness of 1mm, which are issued to cardholders by banks or credit card companies according to the credit and financial situation of users. Cardholders do not pay cash by credit card, but make repayment on the checkout date. Except for some credit cards combined with financial cards, credit cards are different from debit cards and ATM cards, and credit cards will not directly deduct money from users' accounts. 20 12 February, the bank confirmed that the credit card is safer without password, and if it is stolen, it will share the responsibility with the bank. Enjoy an interest-free period of 25-56 days (or 20-50 days). Credit card consumption enjoys an interest-free period, and the bill amount is paid off before the due repayment date, without any cost. There is no interest-free repayment period for withdrawals. From the date of cash withdrawal, the bank will charge five thousandths of interest every day, and the bank will also charge a certain percentage of cash withdrawal fees.

So much for the introduction of overdue credit cards.