1, bear a high penalty interest. After a credit card defaults, the penalty fees usually involved are revolving interest fees and late fees. The essence of revolving credit is a small, unsecured loan with daily interest. If the repayment is not made in full on the last repayment date, revolving credit interest will be generated on the next statement, and the interest needs to be calculated from the date when the consumption is recorded.
2, causing legal disputes, violent collection of credit cards has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies are mixed, and their debt collection methods are crude, which brings great trouble to their customers.
3. In 2006, the central bank established a national unified enterprise and individual credit information basic database. As long as you have applied for a card or borrowed money from a bank, your own "credit report" will be automatically generated in this system. The "stain" in this report can't be ignored. It will affect all kinds of applications for loans, insurance, job hunting and studying abroad. Bad records are generally kept abroad for 7 years.
Extended data:
Credit card repayment method:
1. Binding debit card for automatic repayment
If there is not much financial pressure or a fixed salary card, you can directly bind the credit card to the debit card for automatic repayment. When it comes to repayment, the bank will automatically deduct the money. You don't need to remember the repayment time at any time, and you don't need to operate manually. You can also avoid overdue by remittance directly.
2. Transfer money online through online banking.
If you often have self-help arrangements for the time and amount of repayment, you can use online banking to transfer and repay. It is better to open the debit card and online banking of the issuing bank while using the credit card, which is more convenient and does not require handling fees.
3. Third-party repayment channels.
If there is no debit card and credit card from the same bank, online transfer repayment may require payment of transfer fee to the debit card issuer. However, if you use third-party online repayment channels such as Tenpay and Alipay, there is often no handling fee for cross-bank transfer repayment, which is very convenient and affordable.
References:
Baidu encyclopedia-credit card repayment