1. Not only will there be a late payment fee of 5% for the minimum unpaid part, but there will also be a penalty interest on the full bill (the daily interest will be 0.5 ‰, and the interest will be recovered on a monthly basis from the day of consumption until the principal and interest are paid off), and there will also be a bad credit record in the Credit Information Center of the People's Bank of China, which will seriously affect the application for credit cards and bank loans within five years.

Second, what should we do after the deadline?

1. If the credit card is overdue. But we didn't get a phone call from the bank, only a short message from the bank or an email about the deposit. At this time, I need to call the bank to explain the reason at the first time, and what I need to do is to return the money to the bank in time. Only in this way will there be no bad records in the credit investigation.

2. In another case, the overdue time is less than 3 months, and during this period, I have been receiving various collection calls from banks or collection companies. But the credit card used has not been frozen. What needs to be done at this time is to contact the bank actively. Express the willingness to repay in communication. Repay in full if you can repay in full. If not, arrange repayment in installments with the bank and pay back the money owed to the bank on time every month.

3. In addition, from the overdue time and more than three months, the bank card is also frozen at this time. Interest will be generated at this time. Never take the initiative to change the number. We need to call the bank at the first time to explain something. It mainly shows that he didn't breach the contract maliciously, but what caused the overdue. At the same time, it is necessary to agree with the bank on the length and amount of repayment, and it is best to repay in time within the range that you can bear.

Third, don't return the card during this period. After three months, I called the bank to ask for a new card, and cancelled the card after a period of use. Once the use of credit cards is overdue, there is a great possibility of being credited. Such a default record will be recorded by the central bank's credit information system for 24 months, but after the credit card is terminated, the corresponding record will not be scrolled, but such a record will be kept for up to 5 years.

So after the overdue period, don't cancel the credit card immediately after paying off these debts, but keep this card for another two years or so, and maintain a good credit during this period. In this way, it can be deleted from the credit information system in the rolling record. If there are bad records, they will be kept for about 5 years.