What should I do if the credit card is overdue?
Bad credit records will be generated when the credit card is overdue, which can be dealt with through the following three remedial measures:
1. Pay off the arrears in time, take the initiative to explain the situation to the bank and keep the account in a normal state;
2. Don't cancel your card because it is overdue, otherwise you will lose the opportunity to repair your credit. You should continue to use the credit card normally after it is overdue, spend more, repay on time, and replace the overdue record with a new repayment record;
3. Don't lose contact after the deadline. Suspected credit card crime of malicious overdraft of credit card.
Extended information:
A credit card, also called a debit card, is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer.
it is in the form of a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.
consumers with credit cards can go to the special commercial service department for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.
The credit card stipulated by relevant laws in China refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.
On December 1, 217, the English Translation and Writing Standard for Public Service was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.
credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit.
The credit card generally refers to a debit card only.
from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).
Main features of credit card:
① Credit card is one of the fastest-growing financial services today, and it is an electronic currency that can replace traditional cash circulation in a certain range;
② Credit cards have both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also obtain certain loans from card issuers by using credit cards;
③ Credit card is a high-tech product integrating financial business and computer technology.
④ Credit card can reduce the use of cash and currency;
⑤ Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;
⑥ Credit card can simplify the collection procedures and save social labor;
⑦ Credit card can promote commodity sales and social demand.
what should I do if my credit card is overdue?
what should I do if my credit card is overdue?
Now, basically everyone will have a credit card, and after the credit card is overdrawn, it needs to be repaid on a regular basis next month. If it is not repaid on the stipulated repayment date, let's take a look at what to do if the credit card is overdue and related information.
What should I do if the credit card is overdue? 1. Overdue repayment
(1) Credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;
1. If it is paid off in full, no expenses will be incurred;
2. If the repayment amount is less than the minimum repayment specified by the bank, it will be deemed overdue, with interest of ,5%, and a late fee of 5% of the unpaid minimum repayment amount will be charged;
3. If the repayment amount is greater than or equal to the minimum repayment, but less than the full repayment, interest shall be paid at ,5%;
(2) If the repayment exceeds the grace period, it will be deemed overdue: the interest will be .5%, and there will be a late payment fee.
2. Overdue records
Under normal circumstances, banks submit the cardholder's credit information to the central bank on a monthly basis, including the bill amount and repayment status of the current month (the specific amount will not be recorded, but only the full repayment, partial repayment or default will be marked). This detailed information is listed for nearly 24 months, which is probably the source of some answers that the PBOC records are kept for two years.
what should I do if my credit card is overdue? Credit cards generally have a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment. People with good credit can also call to explain the situation, because people with good credit are more likely to realize fee reduction and exemption. After all, people who make mistakes for the first time are still willing to give them a chance to turn over a new leaf.
1. Continue to use
After the expiration, the best way is to continue to use this card and overwrite the original negative record with a new normal repayment record, which will generally generate a new credit record, so that personal credit and so on will not be affected after the record is refreshed.
if the credit card is overdue for a long time, it will bear interest and there will be a high late payment fee. If you run away, the bank will think that you have overdrawn maliciously and will call the police.
2. Apply for deferred repayment
If you are unable to repay on time due to unemployment or illness, you can state your financial situation and declare that you are not in bad faith before the deadline for repayment, and you can apply for deferred repayment and interest concessions.
3. Repay in full and on time
If you forget to repay the loan due to your usual carelessness, you must repay the loan in full as soon as possible, preferably in full, because you have the best chance of calling the bank to explain that it is not malicious arrears to request the cancellation of overdue records.
don't think that it only affects yourself, but also your spouse and children. At that time, it is too late to regret, and the credit report does not believe in tears.
What should I do if the credit card is overdue? 2
Credit card is a tool provided by the bank for overdraft consumption in advance, and the money owed to the bank must be paid back. Therefore, after the credit card is overdue, you should not try to avoid the debt. Our credit card debt will not disappear because you don't answer the bank's call, so it is not advisable to refuse to answer the bank's call and change your contact information to avoid the collection.
after the credit card is overdue, we need to pay off the arrears as soon as possible. If the cardholder is temporarily unable to repay, then we can do this:
1. Actively cooperate with the bank. After the credit card is overdue, the bank usually calls for collection. We should actively cooperate with the bank and pay attention to answering the bank's collection calls. Under the strict supervision of the state, there is rarely a phenomenon of violent collection, so don't deliberately not answer the phone for fear of violent collection.
This is likely to be considered as a malicious overdraft by the bank. If the overdue amount reaches 5, yuan and the cardholder is considered as a malicious overdraft, it may bear criminal responsibility. Therefore, after the credit card is overdue, it is recommended to actively cooperate with the bank for collection, inform the bank of the reasons why you are temporarily unable to repay, and indicate your willingness to repay, and see if you can apply for negotiation repayment.
2. Credit card users can pay back a little more or less every month. As long as credit card users have repayment behavior, they can avoid being considered as malicious overdraft by the bank. Moreover, if cardholders have repayment behavior, the bank will not easily overdue users, and pay back a little more or less every month, which can show the bank that we have the will to repay the arrears.
3. Try to apply to the bank for repayment by negotiation. If you are unable to repay in full for the time being, you can apply for repayment by installments or by extension. You should pay attention to explaining the reasons for your overdue repayment and show your willingness to repay, so that you can apply successfully. If the bank agrees to negotiate, you can repay according to the agreement after negotiation.
4. Try your best to pay off in one lump sum. If the credit card is overdue, it will generate interest charges. If the overdue debt is not paid off for one day, it will generate interest charges for one day. Therefore, in this case, it is suggested that you can borrow money from friends and relatives around you to pay off the debt in one lump sum, and then slowly repay it to friends and relatives.
what should I do if my credit card is overdue? 3
1. What should I do if my credit card is overdue?
1. Quick remedy for overdue credit cards
In case of overdue credit cards, you should immediately call the banking service number to explain that it is not malicious arrears and make up the arrears in time.
Under normal circumstances, banks will have a grace period of three days. Once cardholders find that their credit cards are overdue, please deal with them immediately to avoid leaving bad records.
2. How to deal with bad records
If the cardholder has left a bad record in the bank, don't cancel the card in a hurry after paying the arrears and explaining the situation. Once the card is cancelled, the personal credit record cannot be updated, so the bad record will always be recorded in the bank, causing serious consequences.
the correct way is to continue to use this credit card, and maintain a good credit record for at least 2 years, which will basically not affect personal mortgage, loan, credit card application and other businesses.
At present, the retention period of credit records in China is 5 years.
In actual use, don't hope to remedy the overdue credit card or eliminate the bad record, but use the card rationally. Developing good credit card and repayment habits, timely repayment and not overdue are the basis to ensure a good credit record.
second, the consequences of malicious overdraft of credit cards
(1) Chinese laws stipulate that those who maliciously overdraw credit cards with an amount of more than 1, yuan should file a case for prosecution.
Malicious overdraft means that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and fails to return it for more than three months after being repeatedly urged by the issuing bank. Malicious overdraft, the amount of which is more than 1, yuan but less than 1, yuan, has been repaid in full before the public security organ files the case. If the circumstances are obviously minor, criminal responsibility may not be investigated according to law.
(II) The following points should be noted when judging malicious overdraft:
1. The cardholder is a legal cardholder. If someone steals or fraudulently uses another person's credit card, it constitutes the act of stealing or fraudulently using another person's credit card instead of malicious overdraft.
2. The cardholder intentionally fails to repay the loan. For the purpose of illegal possession, that is, the overdrafter clearly knows that he is unable to return it before overdraft, but still uses the card to spend or withdraw cash. Or an act that has the ability to repay but doesn't want to pay it back after consumption or withdrawal.
is a subjective unwilling behavior. In the process of estimating whether the actor's purpose is illegal possession, we must distinguish whether this kind of behavior is subjectively malicious and not returned, or whether the actor can't return it because of reasonable objective factors. This is the key to distinguish malicious overdraft from goodwill overdraft.
3. Malicious overdraft includes overdraft exceeding the prescribed overdraft limit, overdraft exceeding the prescribed time limit and non-repayment after collection. The overdraft limit refers to the amount of personal credit guarantee short-term loans that cardholders can use as stipulated by the issuing banks. For overdrawn cardholders, the card-issuing banks can make a collection according to the repayment period. If the cardholder returns it automatically without bank collection or in time after collection, it will not be treated as a crime.
Finally, credit card holders should be reminded that they should repay in time after overdraft consumption. Once the credit card user fails to repay the loan for many times, not only will the bank charge higher interest and late fees, but the cardholder's own credit will also be reduced, which will be affected when handling car loans and mortgages in the future.
First of all, the bank will have a three-day grace period. If the repayment is made within the three-day grace period, it will basically not be considered overdue. If it is unable to repay due to economic problems, it should try its best to repay the minimum repayment amount. Although this will generate some interest, it can ensure that the credit card will not have a bad record. If malicious overdraft is caused by malicious non-repayment during the use of credit cards, it will bear criminal responsibility, so you must pay attention to repayment on time when using credit cards to avoid adverse consequences.
what should I do if my credit card is overdue?
if the credit card is overdue, it's not intentional, so don't panic. First of all, most banks have a repayment period, as long as they pay off overdue bills within a proper time. If the repayment period has exceeded the grace period, don't worry. You can call the bank, tell the bank, explain to the bank that you didn't mean to overdue, show your sincere attitude, and then pay off the bill in full with the consent of the bank. After the credit card is overdue, we should pay attention to the following three points: First, the longer the overdue time is, the more the penalty interest will be. In addition, more than three months, will also bear legal responsibility. Second, the phone of the bank must be answered. If you don't answer the phone, the bank will think that it is deliberately overdue and may run away, which is regarded as a malicious overdraft. Third, continue to use credit cards and repay on time. If there are overdue records in personal credit information, they should be kept for five years. In the meantime, you need a healthy card to wash away the stains. Good card use behavior will slowly cover up your overdue record. Article 18 of the Measures for the Administration of Credit Card Business: The maximum overdraft period of a credit card is 6 days. Article 68 of the Measures for the Administration of Credit Card Business: If a cardholder maliciously overdraws, he shall be investigated for criminal responsibility according to law
What is the handling method of overdue credit card
Handling method of overdue credit card:
1. Most banks have a repayment period, as long as the overdue bill is returned within a proper time;
2. Don't worry if you have exceeded the grace repayment period. You can call the bank, tell it, explain to the bank that you didn't intentionally overdue, and show your sincere attitude;
3. Then pay off the bill in full after obtaining the consent of the bank.
overdue repayment refers to the situation that the final repayment period stipulated by the bank is exceeded and the consumed money is not deposited in the designated account in full and on time. Overdue will generate interest and affect credit information, and will be severely punished and imprisoned.
credit cards have two concepts: billing date and repayment date (also called the last repayment date). The billing date is the date when the transactions in a billing cycle are settled, and the repayment date is a repayment period. Because you can't restore your contact with the customer service, you can't rule out that you misunderstood the explanation of the customer service staff or that the customer service staff's statement was unclear or even incorrect.
the repayment date is mainly used by the bank to judge whether the cardholder has a malicious overdraft tendency and to judge the cardholder's economic situation. Therefore, repayment after the final repayment date will inevitably lead to overdue records. Whether this record can be changed from the central bank requires you to further negotiate with the issuing bank.
generally speaking, banks will charge a certain amount of interest for overdue repayment, which is different from bank to bank, and it is generally five ten thousandths of interest. However, the starting date of interest should be calculated from the date of consumption, not from the date after the last repayment date.
It is suggested that if you haven't paid the full amount, you can pay the minimum repayment amount first, which will not affect the credit limit. At the same time, there will be a buffer period, so that the bank can know the capital flow in your account in time and the account will not be frozen!
when the credit card (credit card) holder chooses the minimum repayment method or uses the card exceeding the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and shall pay the overdraft interest calculated at the specified interest rate from the bank bookkeeping date.
What should I do if the credit card is overdue?
It is best not to use the credit card overdue, but if it is overdue due to your own negligence, you can contact the bank and apply for an extension of the repayment period.
The overdue credit card will produce bad credit records, and the following remedial measures need to be taken:
1. Pay off the arrears in time, take the initiative to explain the situation to the bank and keep the account in a normal state.
2. Never cancel your card because it is overdue. On the contrary, you will lose the opportunity to repair your credit. You should continue to work normally after it is overdue.