1. How long will it take for the interest rate to stop rising if the credit card is overdue?

1. After the credit card becomes overdue, the interest will not stop until the customer pays it off in full. The calculation is based on a daily interest rate of 0.05% every day, and compound interest will be collected monthly. Therefore, the longer the customer is overdue, the more interest will accrue and the more the customer will have to repay. If the amount of debt owed is relatively large, then the customer's continued overdue repayment will only bring greater repayment pressure.

2. As for the late payment fee, it will not be charged continuously like overdue interest. Instead, every time it is overdue, a late payment fee will be calculated and charged based on 5% of the unpaid portion of the minimum repayment amount.

If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit in court. The litigation costs will be borne by the cardholder. 1. After the credit card is overdue, the bank will calculate the payment on a daily basis. This interest is calculated from the time when the consumption is recorded. In addition, the bank will also charge a certain amount of liquidated damages and over-limit fees after the credit card is overdue

2. Relevant legal measures for failing to meet the minimum credit card repayment

If the minimum repayment of a credit card cannot be paid, in addition to installment, there are several ways to prevent overdue payments:

1. Change the credit card statement date

If the card If you expect that you will not be able to repay your credit card, you can call the credit card center of the card issuer to apply for changing the billing date before the billing date (remember to apply before the billing date) to achieve the purpose of delaying repayment.

2. Time tolerance service

If cardholders can collect enough money within one or two days after the due payment date, they may wish to make full use of the bank's time tolerance service.

3. Ask for help

If you can't pay off your credit card, in order to avoid overdue payment, borrow some money from a friend first, pay off the credit card, and then pay it back to your friend when you have sufficient funds. This method cannot be used frequently, but it can come in handy occasionally. 4. Minimum repayment amount/bill installments

The minimum repayment amount and bill installments of credit cards can also avoid overdue payments, but cardholders need to pay corresponding interest and handling fees to the bank. However, the minimum repayment amount of the credit card and the annual interest rate of the bill installment are as high as 18.25% and 14%. It is OK for short-term emergency, but it is not recommended for cardholders to use it for a long time.