What to do if your credit card is overdue

Legal analysis: In order to ensure the arrival time, it is best to use a debit card from the same bank, and try not to make repayments across banks or third parties such as Alipay. Overdue credit cards will result in bad credit records, and the following remedial measures need to be taken:

1. Pay off the debt in a timely manner, proactively explain the situation to the bank, and keep the account in normal condition.

2. Never cancel a card because it is overdue. If you cancel the card, you will lose the opportunity to repair your credit. After it is overdue, you should continue to use the credit card normally, spend more, repay on time, and repay with a new one. Records replace overdue records.

3. Don’t lose contact after the due date. Don’t let the bank think you are maliciously overdrafting or owing money, otherwise you may be charged by the bank.

Legal basis: "People's Republic of China and Civil Code"

Article 673: If the borrower fails to use the loan in accordance with the agreed purpose of the loan, the lender may stop Issue loans, withdraw loans early or terminate the contract.

Article 674 The borrower shall pay interest according to the agreed period. There is no agreement or the agreement is not clear about the period for payment of interest, and it cannot be determined according to the provisions of Article 510 of this Law. If the loan period is less than one year, it shall be paid when the loan is returned; if the loan period is more than one year, It shall be paid at the end of each year. If the remaining period is less than one year, it shall be paid when the loan is returned.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant national regulations.

What should I do if my bank credit card is overdue?

Credit cards are becoming more and more popular, but many people forget to repay on time due to small negligence, resulting in a stain on their credit record. In addition to penalty fees, It also brings huge losses in financing costs. So what should I do if my credit card is overdue? We must not ignore or treat it negatively, but actively take correct measures to save it. The best way is to continue to use this card, maintain a good repayment record, and cover the original negative record with a new repayment record. Generally, a new credit record will be generated after 24 months, so that you will not It will have a negative impact on your future credit behavior. The following tips tell you how to eliminate overdue credit card records. 1. Some people apply for a credit card and seldom use it. When the credit card is overdue, they plan not to use the credit card at all. They simply ignore the credit card and neither make repayments nor cancel the card. In fact, this approach is very wrong. If you continue to fail to repay the loan, there will be an overdue payment once a month, which means that a bad credit record will be recorded once a month. If you do not repay for many consecutive months, the bank will be found guilty of malicious arrears, your credit record will become worse, and the amount of arrears will become larger and larger. In serious cases, you will be sentenced and fined. 2. If a credit card is not paid overdue, the credit card center of the issuing bank will collect the payment. Due to ignorance and blind arrogance, some people not only refuse to repay the loan, but also "escape" by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that the bank can't do anything to them. In fact, this approach is absolutely undesirable. When you apply for a credit card, your real-name information has been recorded by the bank. Once you "run away", the bank will determine that you have malicious overdrafts and arrears, and will call the police, who will list you as a wanted person. 3. As a credit card holder, once you are unable to repay on time due to unemployment, illness or accident, before the final repayment period arrives, the card holder is best to proactively contact the bank’s credit card center to state your financial situation. State that you do not owe money maliciously, and apply for delayed repayment and interest discounts. In view of the cardholder's active performance and previous good credit record, the bank will often agree to defer the repayment and agree with the cardholder on a mutually acceptable repayment plan, deferment period, interest discount, monthly repayment amount, etc. In this way, if you proactively contact the bank and get the bank's consent to defer the repayment, you will not be recorded as a bad record, but it should be noted that you will be guaranteed to repay as agreed in the future. 4. If you forget to repay due to negligence, you must repay as soon as possible after discovering that it is overdue, preferably in full.

Then call the bank's credit card center and state that the debt is not malicious. If the record has been good in the past and the overdue time is short, and it is found that the repayment is good after the overdue period, it may not be recorded as a bad record. Don't be careless in the future. Be sure to pay attention to the bank's bill notifications and collection information to avoid overdue payments. 5. Credit card repayment information will be recorded by the central bank's credit reporting system on a rolling basis for 24 months. That is to say, bad credit records caused by overdue credit card repayments will be stored in the credit reporting system for two years. If terminated with a card, the corresponding records will no longer be scrolled, but will be saved for a long time. Therefore, after overdue repayment of a credit card, it is best not to cancel the credit card immediately after paying off the debt. Instead, you should insist on using the card for more than two years and keep your credit in good condition during the period. In this way, you can rely on rolling records to remove bad records from your credit report. Remove it from the system.

What to do if your credit card is overdue?

Pay off the debt in time, proactively explain the situation to the bank, and keep the account in a normal state; do not cancel the card because it is overdue, otherwise the card will be repaired. Opportunities for credit. After the expiration date, you should continue to use the credit card normally, spend more, repay on time, and replace the overdue record with a new repayment record; do not lose contact after the expiration date, otherwise you may be cheated.

Extended information:

Personal credit reporting refers to the collection and processing of personal credit information by personal credit reporting agencies established in accordance with the law, and provides personal credit information inquiry and evaluation according to user requirements. service activities. A personal credit report is a personal credit history record that a credit reporting agency collects in accordance with the law, processes and organizes it in accordance with the law, and finally provides it to legitimate information inquirers in accordance with the law.

Currently it is mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

The main factors that may affect personal credit risk scores are: there have been overdue repayments on loans, or credit card overdrafts have not been repaid within the agreed time limit and repayment amount, or there are too many loan accounts and credit cards, etc. When a credit reporting agency or information provider receives an objection, it shall mark the relevant information as objectionable in accordance with the regulations of the credit reporting industry supervision and administration department of the State Council, verify and handle it within 20 days from the date of receipt of the objection, and provide a written reply with the result. Dissenter.

If after verification, it is confirmed that there are errors or omissions in the relevant information, the information provider and the credit reporting agency shall make corrections; if it is confirmed that there are no errors or omissions, the objection mark shall be cancelled; if it cannot be confirmed after verification, , the verification status and objection content should be recorded.

The credit report is based on the "People's Bank of China Releases China's Credit Industry Development Report (2003-2013)" credit report forwarded by the People's Republic of China and the Central People's Government of the People's Republic of China: it is collected, organized and collected in accordance with the law. A way to save and process the credit information of natural persons, legal persons and other organizations.

In addition to the most common credit card overdrafts and overdue repayments of personal mortgage loans, some behaviors such as failure to pay on time and guarantees may be included in personal credit reports. The report shows that if the person has ever had tax arrears, civil judgments, enforcement, administrative penalties, or telecommunications arrears, etc., the report may be displayed.

What should I do if I forget to pay off my credit card?

What should I do if I forget to pay off my credit card?

Credit cards, also called credit cards, are issued by commercial banks or credit card companies. A credit certificate issued by a credit-qualified consumer. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Below is what I have collected for you on what to do if you forget to pay off your credit card and it is overdue. You are welcome to read it. I hope you will like it.

What to do if you forget to pay off your credit card and it’s overdue1

When a credit card becomes overdue, you should first pay it off in full as soon as possible. After that, you can take the following two measures:

1. Contact the bank promptly

If your credit card is overdue due to negligence or objective reasons, it is recommended that the cardholder contact the card-issuing bank as soon as possible after the credit card is overdue to explain the facts and reasons for the overdue date. , and discuss solutions with the bank. Under normal circumstances, as long as the cardholder pays off the balance in full and on time, the bank will not make any negative comments on the cardholder's usage record, and will only provide truthful feedback on the card's use and repayment record. It is recommended to maintain a good consumption and repayment record in the future, which will continuously increase your credit rating. It should be noted that overdue interest and other fees incurred in this case are borne by the cardholder, and banks generally do not exempt them.

2. "Time tolerance" can be remedied

The correct method is that most banks have a "time tolerance" policy, which can extend the repayment period and repayment amount. It is stipulated that repayment within 3 days from the repayment date is not considered overdue, and the repayment difference is less than 10 yuan is not considered overdue. Please consult the card issuer for details.

If it is an ICBC credit card, there is no extended service, and late repayment will be considered overdue. Although ICBC does not have time-limited services, it is the only bank in China that does not use the full penalty interest method to calculate interest. That is to say, if you do not repay in full, ICBC will only charge interest on the unpaid amount, and no interest will be charged on the repaid amount.

With the over-issuance of credit cards by various banks, more and more friends have multiple or more than ten credit cards. I suggest friends that it is very important to register their credit card holders well. Details: Only by registering the billing date and repayment date of your credit card can you avoid overdue credit cards.

What to do if you forget to pay back your credit card overdue 2

The overdue credit card record can be completely eliminated after 5 years, but if you repay it on time within 24 months, the previous record will be refreshed Bad credit history.

Solutions for overdue credit cards:

1. If the cardholder forgets to repay the card and discovers it is overdue, he must repay it as soon as possible, preferably in full. Call the bank's credit card center and declare that the debt is not malicious. If the overdue time is short, the bank may not count the bad records;

2. When the credit card is overdue and unable to repay due to unemployment, illness, etc., the cardholder should proactively contact the bank's credit card center before the repayment period. Explain your financial situation, declare that you do not owe money maliciously, and apply for deferred repayment or installment repayment;

3. Cardholders actively apply for deferred repayment, and banks will often agree to the extension. Banks and cardholders People agree on a mutually acceptable repayment plan. In this way, the bank will not record bad records, but you must repay on time after applying for an extension;

4. Credit card repayment information The central bank’s credit reporting system rolls over 24 months, and records of overdue credit card repayments will be included in the credit reporting It is stored in the system for two years. If you find that you have paid off the card overdue and then cancel the card directly, the information will not be rolled over, but will be saved for a long time.

If there are bad records in the credit report, users should take the initiative to pay off the bad debts. Whether it is an overdue loan or an overdue credit card, the first thing to do to eliminate bad records is to pay off the debts. , and then wait for the bank to report new records to update the credit report. In addition, when using credit products, everyone must pay attention to repaying on time and not overdue. In this way, as time goes by, good credit records can offset bad records.

Finally, I would like to remind everyone that bad credit records cannot be deleted manually. All the people on the market who claim that you can delete bad records by spending money are scammers. Don’t be fooled.

What to do if you forget to pay off your credit card and it’s overdue 3

What to do if you have problems with your credit card’s credit report

1. “Good performance” can still be “remedied”

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The retention period of "bad records" is 5 years. If it is more than 5 years old, the credit reporting agency should delete it. However, you must pay off all outstanding balances.

In addition, negative records caused only by credit cards can still be remedied. After paying off the debt and having a bad credit card record, as long as you insist on repaying the money on time and in full for two years, your bad credit record will be eliminated over time, and your personal credit will return to normal. status.

If you have a bad credit record due to non-personal reasons, you can ask the bank to issue a certificate for you that the debt is not malicious.

2. The severity can be "negotiated"

If you apply three times in a row within two years, a total of six times, many banks will refuse the loan. If it is overdue between two and five years, , a bank with an overdue record can issue you a non-malicious overdue certificate, and the bank will still lend you a loan, but compared to a normal customer, your loan amount will be lower and the interest rate may also be higher.

3. Remember not to cancel the credit card at will after it expires

After canceling the card, the credit reporting system will no longer generate new credit records, so this bad record will always exist. The best way is to continue to use it for 24 months, and then do other processing after covering the previous negative records with good records.

Currently, many people believe that as long as you pay off the credit card debt with a bad credit record and then cancel the card, the bad credit record will be eliminated. This is incorrect.

This is the end of the introduction on what to do if your credit card is overdue and what to do if your credit card is overdue and how to repair your credit report. I wonder if you found the information you need?