How to use credit cards, how to increase the credit limit, and the consequences of overdue payment have always been matters that cardholders are more concerned about. If your credit card is overdue, it will have a relatively large impact on your personal credit, and you may not be able to apply for a card or apply for a loan later. So, what will be the consequences if the epidemic credit card is overdue for three months?

What will be the consequences of the epidemic credit card being overdue for three months?

After the epidemic credit card is overdue for three months, the bank can The cardholder sued. And if you are overdue for 90 days, your credit report will definitely be reported, which will have an extremely negative impact on your credit. If you are overdue for more than three months, you will not only be blacklisted by the bank, but also blacklisted by the court as a dishonest person. The bank will continue to collect debts, and there will also be overdue penalty interest. The penalty interest will also be charged compound interest for 2 months.

In general, when you realize that you will be overdue, you can actively communicate with the bank to obtain conditions for deferred repayment. In order to avoid criminal liability, try to reduce the principal of large-value cards to less than 50,000 for repayment. If you really don’t have any income at present, you can only pay some money every month to show your willingness to repay.