1. What to do if the credit card is overdue for a week

If the credit card is overdue for a week, we must first settle the overdue balance on the credit card. Only by settling the arrears can we minimize the adverse effects of overdue payments. At the same time, if the credit card is overdue for one week, the overdue record must have been uploaded to the credit report. Our credit report will not be deleted until five years later.

If we are unable to pay off the credit card debt, we also need to proactively contact the bank. If we do not proactively contact the bank, then the bank may initiate collection, and the collection process will It has a relatively large impact on our lives.

In addition, after the credit card expires, the bank may freeze the credit card. Only by paying back the credit card debt in time and calling to apply for unfreezing can the credit card be restored to normal use.

2. How to apply for overdue interest suspension and suspension of credit card transactions

After the credit card becomes overdue, if the customer wants to apply for suspension of interest payment, he can directly call the service hotline of the card-issuing bank and submit an application to the customer service staff. .

However, the bank will not agree directly and requires the customer to negotiate. During the negotiation process, be careful to explain clearly to the bank your temporary inability to repay the loan, indicating that you did not intentionally overdue the loan. Also, it is best to provide certain information to support it, and then express your willingness to actively repay, so that the bank will consider it as appropriate.

In addition to applying for a suspension of interest payments, customers can also try to apply for an extension of the repayment period and repay the debt in installments. If the bank finally agrees, it will not try to interest again after the debt is owed. As for the interest incurred before and the principal of the debt, the customer only needs to repay it on time and in installments according to the newly negotiated repayment plan with the bank.

It is recommended that customers develop a good habit of repaying on time. If they find that they cannot repay on time, they can apply for bill installment or minimum repayment in advance before the repayment date to avoid overdue payments.

3. What consequences will you face if your credit card is overdue?

1. Overdue credit card fees. The so-called late payment fees for credit cards refer to the fees that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount.

2. Overdue interest. After a user uses a credit card to overdraft, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder repays overdue, all the expenses of the cardholder last month will no longer enjoy the bank's interest-free payment. treatment, and the recurring daily interest rate is as high as 0.5%, that is, the annual interest rate reaches 18%.

3. Bad credit record. Overdue credit card repayment records will enter the central bank's credit reporting system to generate a bad credit record.

4. Litigation costs. If the credit card is not repaid for more than three months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit in court. The litigation costs will be borne by the cardholder.

5. Criminal liability for malicious overdraft.

Overdue credit cards will happen, and many people may take some extreme measures in terms of credit cards, such as malicious overdrafts, etc. Once you are unable to repay the debt financially, you need to contact the relevant institutions immediately and proactively to discuss installment payments and other matters.

After using a credit card, you need to repay on time. If the cardholder fails to repay on time, it will be overdue. If the cardholder is temporarily unable to repay, you can negotiate a solution with the bank. The method is that if the bank does not agree to negotiate, the cardholder can borrow money from others and repay it first to avoid serious consequences of overdue loans that affect his or her personal life.