Many people owe their credit cards, but they are all broken and simply leave them alone. The teacher can only tell you that it is not a dream to change the debt from 1 thousand to 3 thousand, and you will become the next hot news person!

let's talk about the liquidated damages. Usually, the liquidated damages are 5% of the unpaid part of the minimum repayment. For example, if you owe 5, yuan, the minimum repayment is 5, yuan. However, you are amazing, only 5 yuan has been paid back, and the minimum repayment is still 4,5 yuan short. Then the liquidated damages are 4,5 * 5% = 225 yuan. These arrears are included in your bill next month, so the more you owe, the more you owe. (Generally, the penalty for breach of contract is 1 yuan, and the caps of different banks are different.)

2. Impact of non-repayment by credit card 2: High interest

Many people will choose the minimum repayment when they still don't pay the payment, but they don't know that the interest is very high. The minimum repayment of a credit card is generally 1% of the bill amount, and the interest is calculated according to five ten thousandths per day, and the interest is calculated in full from the day of consumption!

To put it simply, you paid 1, yuan on the 1st of this month, and the 1th of next month is the final repayment date, but you only paid the minimum repayment in 1 yuan, so the interest is 1, yuan per 5 yuan, and one month is 15 yuan. Interest is calculated in full on the bill of the current month, which does not mean that if you pay back 1, you will pay interest at 9. Moreover, the calculation of interest is compound interest, commonly known as compound interest, and the longer it is delayed, the more it will be paid.

3. Impact of non-repayment of credit card 3: Bad credit reporting

It is estimated that no one will say that credit reporting is useless, and it is not a last resort. Presumably, they are unwilling to overdue. Generally, it is overdue for more than 3 times in 2 years, and mortgage and car loan are basically impossible. If it is overdue for more than 3 months in a row, you are a black account, and it is basically impossible to apply for a credit card or start a company. If the circumstances are serious, you may be prosecuted!

4. Impact of non-repayment of credit card 4: If the circumstances are serious, you may be sued for going to jail

If you owe a lot of bills and don't repay them all the time, you may be sued. Usually the arrears exceed 1,, and if you don't pay back the money for three consecutive months, it will reach the standard of being sued by the bank! But not everyone who meets this standard will be prosecuted. As long as you have a good attitude, the phone of the bank will be answered at any time. Don't think about running away. It is generally safe. If you have a bad attitude and refuse to answer the call, it is not far from the free lunch.