1. What are the consequences if a credit card is overdue?

Overdue interest will be charged, overdue records will be recorded in the credit report, and various collections will be made. They will be blacklisted by the bank and sued by the court to seize the mortgaged property. Overdue repayment will result in credit card penalty interest, which is charged at a daily interest rate of 0.5%, which is very costly; in addition, late payment fees will also be incurred, which are usually 5% of the overdue amount. Not only that, the most troublesome thing is the bad personal credit record caused by overdue credit. Once a personal bad credit record occurs, the first thing that will be affected is the application for other loans.

2. Will you be sued by the bank for late repayment on your credit card?

Generally speaking, if you repay your credit card overdue, you may encounter the following consequences:

1. Failure to repay the loan in time will affect your personal credit record. This is first of all. Overdue payment is a breach of trust.

2. Once there is a bad record on personal credit, it will affect future matters including various loan applications, credit card applications, and even going abroad. This is not an issue that affects the continued use of credit cards.

3. If you do not repay the debt for a long time, there will not only be high late payment fees and interest;

4. The bank may also transfer this part of the debt to If it is classified as a malicious overdraft, that is to say, the bank will have the right to judicially prosecute cardholders who fail to repay their loans for a long time.

5. In practice, after applying for a credit card, if the payment is overdue for more than three months or the bank has not paid more than two reminders, the bank will freeze the card and classify it as a prohibited customer. The bank will then go to court to sue.

3. What should I do if the credit card debt is temporarily unpaid?

1. First, call the bank customer service in time to negotiate an extension of repayment

(1) Generally speaking, most banks Cardholders will be allowed to call to apply for a deferment of repayment, and the deferment period is usually one week.

(2) Therefore, as long as you pay back the money within the deferment period, you can avoid paying late fees.

2. You can pay the minimum repayment amount first

(1) Each bank will set a minimum repayment amount for credit card holders, as long as the cardholder can repay it With this minimum amount, the bank will not charge late fees, and it will not affect the cardholder's personal credit.

(2) In practice, this minimum repayment amount is 10% of the bill amount.

3. Request to change the final repayment date

(1) If the last repayment date happens to be when you are tight, you may wish to negotiate with the card issuer to change your repayment deadline .

(2) According to the actual situation, you can choose the final repayment date two or three days after the salary is paid. This will not only have enough money to repay, but also avoid having to pay for your own debt in the next month. Spending without restraint.

If a credit card is overdue, it will lead to a series of adverse effects, which will not only have a negative impact on citizens' exercise of various legal rights and interests, but also pose a great threat to their own property security. Therefore, you must try to avoid overdue behavior, otherwise you will need to bear the corresponding legal consequences.