Credit card overdue repayment will face the following consequences:
1, credit card late fee. The so-called credit card late payment fee refers to the fee that the cardholder should pay to the issuing bank in accordance with the regulations when the repayment date is overdue or the repayment amount is lower than the minimum repayment amount.
2. Overdue interest. After users overdraw with credit cards, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder's repayment is overdue, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.
3. Bad credit record. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records. China's personal credit information records have been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank.
4. Litigation costs. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to send a lawyer's letter to the user and bring a lawsuit to the court, and the litigation expenses will be borne by the cardholder.
5. Criminal responsibility for malicious overdraft. According to Article 196 of China's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Whoever commits credit card fraud with malicious overdraft shall be investigated for criminal responsibility for the crime of credit card fraud, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 20,000 yuan but not more than 200,000 yuan.
Extended data:
1. Generally speaking, the overdue credit card can be counted as overdue, but major banks will still give cardholders a grace period, usually three days. Your account has been 14 days, and it will definitely be uploaded to the credit information system.
2. I don't think it can be solved if you take the initiative to dock with the bank credit card center because of special reasons during the epidemic.
3. Overdue records will affect credit reporting. When you apply for a loan or credit card again, all banks can inquire.
4. The overdue of a credit card will generally not affect the loan, but the serious overdue situation will affect the application for mortgage and car loan. According to the regulations, the applicant can't have three or six consecutive overdue records in the past two years, otherwise he can't get a loan.
Specifically, it is necessary to strengthen the docking with loan banks, pay off the arrears in time, and provide more financial certificates or guarantee certificates. If the non-malicious extension is only one time, the general bank can still get the loan through communication.