What is the impact of the credit card blacklist?
You will no longer be able to handle any bank's credit business, such as credit cards, mortgages, car loans, etc.; if you fail to repay after being repeatedly called by the bank after the due date, , and the amount is relatively large, it is likely to be classified as a malicious overdraft, and the bank will sue you and face subpoenas and lawsuits. And if you are enforced because of non-payment of debt, the relevant departments will seize and auction your assets, and the person subject to enforcement will not be able to enjoy high-consumption services, such as not being able to take planes, high-speed rail, children not being able to attend colleges and universities, etc.
Credit card:
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”
When you go to the Agricultural Bank of China to apply for a card, it says that your ID card has been added to the blacklist. What should you do?
When you go to the Agricultural Bank of China to apply for a card, but it says that your ID card has been added to the blacklist, please contact the lobby staff. The personnel will verify and handle it or call 95599 to provide feedback.
How long does it take to get back the funds from the ICBC blacklisted account
Five years. The ICBC credit card blacklist is generally kept for five years and will be automatically eliminated after five years after the debt is paid off. Then continue to use it for 24 months, covering the negative records with good records. Blacklist data is retained in the central bank's personal credit system for seven years, and particularly serious and obviously malicious negative information such as bankruptcy is retained for ten years.
Extended information:
China Merchants Bank was established in Shekou, Shenzhen in 1987. It is the first joint-stock commercial bank in China that is completely owned by corporate legal persons. It is also a national institution. It is the first pilot bank to promote banking reform abroad.
Since it was first shortlisted for the Fortune Global 500 in 2012, it has been shortlisted for seven consecutive years. In 2018, it ranked 213th on the Fortune Global 500. [5-6] On June 26, 2019, eight banks including China Merchants Bank were among the first to launch the online enterprise information verification system.
The head office of China Merchants Bank is located in Futian District, Shenzhen City. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began a public offering in Hong Kong, issuing approximately 2.2 billion H shares, raising HK$20 billion, and was listed on the Hong Kong Stock Exchange on September 22.
The net capital exceeds 290 billion and the total assets exceed 4.4 trillion. As of the first half of 2017, China Merchants Bank has more than 1,800 domestic and overseas branches, has established service outlets in more than 130 cities in mainland China, has 5 overseas branches and 3 overseas representative offices, and has more than 70,000 employees.
In addition, China Merchants Bank also wholly owns China Merchants Bank Financial Leasing Co., Ltd., controls China Merchants Fund Management Co., Ltd., holds 50% equity of China Merchants Cigna Life Insurance Co., Ltd., and 50% equity of China Merchants United Consumer Finance Company. ; Wholly-owned holdings of Wing Lung Bank Co., Ltd. and CMB International Financial Holdings Co., Ltd. in Hong Kong.
Personal credit reporting refers to the activities in which personal credit reporting agencies established in accordance with the law collect and process personal credit information and provide personal credit information inquiry and evaluation services according to user requirements. A personal credit report is a personal credit history record that a credit reporting agency collects in accordance with the law, processes and organizes it in accordance with the law, and finally provides it to legitimate information inquirers in accordance with the law.
When a credit reporting agency or information provider receives an objection, it shall mark the relevant information as objectionable in accordance with the provisions of the credit reporting industry supervision and administration department of the State Council, and conduct verification and verification within 20 days from the date of receipt of the objection. Process and respond to the opponent in writing with the results.
What are the effects of having a black credit card account?
Not only are credit card users unable to apply for bank credit, they are also restricted from flying, high-speed rail, and children attending private schools.
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Credit card is a non-cash payment method and a simple credit service. Credit cards are generally plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. They are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when making purchases with a credit card. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.
Credit cards are issued by commercial banks to individuals and organizations. They can use them to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.
The new credit card regulations in 2017 have been released and will be implemented on July 1st. How to deal with bad debts
1. Bad debts refer to the credit card that has not been repaid because it has been overdue for a long time and was later replaced. Your own contact information, home address, and workplace prevent banks from finding cardholders to collect debts. In this way, credit card debts that have not been settled for a long time become bad debts.
2. The original text of the regulations is as follows:
"Notice of the People's Bank of China on Matters Concerning the Credit Card Business"
1. Interest rate standards. The upper limit and lower limit of credit card overdraft interest rates are managed. The upper limit of overdraft interest rate is 5/10,000 daily interest rates, and the lower limit of overdraft interest rates is 0.7 times of 5/10,000 daily interest rates. The method of calculating interest on credit card overdrafts, as well as whether interest will be calculated on credit card overpayments and the interest rate standards are determined independently by the card issuer.
2. Interest-free repayment period and minimum repayment amount. The conditions and standards for cardholders to enjoy the interest-free repayment period and minimum repayment amount for overdraft consumption are determined independently by the card issuer.
3. Liquidated damages and service fees
Cancel credit card late payment fees. For cardholders who default on overdue payments, the card issuer shall agree with the cardholder through an agreement whether to charge for default. fees, as well as related collection methods and standards. Card issuers shall not charge over-limit fees if they provide cardholders with card services that exceed the credit limit. Card issuers are not allowed to charge interest on the liquidated damages and annual fees, cash withdrawal fees, currency conversion fees and other service fees collected from cardholders.
Extended information
Malicious overdraft of credit card
Malicious overdraft of credit card means that the cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and has repeatedly Failure to return the card after being called upon by the issuing bank. Under normal circumstances, malicious overdraft is a breach of contract and you must bear the liability for breach of contract in accordance with the credit card application contract.
Malicious overdraft behavior includes two basic behaviors: First, overdraft exceeding the prescribed limit, that is, exceeding the provisions of the credit card regulations or the overdraft allowed by the issuing bank. The second is overdraft beyond the prescribed period, that is, the principal and interest are not repaid within the prescribed time. Generally speaking, malicious credit card overdraft behavior will leave a bad credit record in the card-issuing bank and affect the cardholder's personal credit.