1. What will happen if the credit card is overdue for hundreds of bankruptcies?

If the credit card is overdue, the following consequences may be involved:

1, high interest and late fees

(1) If the credit card is not repaid, the cardholder will no longer enjoy the interest-free period of the credit card, and will charge five ten thousandths of interest every day from the date of consumption, and compound interest will be calculated monthly. If you owe tens of thousands of yuan in less than a few days, you will generate thousands of yuan of interest, and the longer the time, the higher the interest.

(2) If the credit card fails to repay in time after the interest-free period, the bank will charge the cardholder a late fee, accounting for 5% of the unpaid part of the minimum repayment amount. After a certain period, the bank will charge the cardholder a higher penalty interest.

2. Personal credit stain

(1) As long as you have applied for a credit card or loan, you know how important your personal credit record is. Once your credit history is tainted, it is very difficult to apply for a credit card.

(2) Worst of all, if you want to buy a house with a credit stain in the future, the loan amount of the mortgage will be lower than others' interest rate and higher than others'. If you want to pay more interest after the deadline, the bank will not lend it to you.

3. The credit card has been stopped.

(1) If the credit card is not repaid, the bank will withdraw the revolving credit given to the cardholder and the credit card will be suspended.

(2) The bank will think that the cardholder's repayment risk is high, and will stop using the credit card and recover the arrears from the cardholder. If the cardholder still fails to repay the credit card debt, the bank may apply for auction of other fixed assets of the cardholder.

4. Malicious arrears will be sentenced.

If the credit card is overdue for more than three months, it will be regarded as malicious overdraft and the bank can initiate judicial proceedings. According to the provisions of the criminal law of the lawyer's country, if the credit card overdraft exceeds 50,000 yuan, the debt lasts for more than 3 months, and the bank still refuses to repay it for more than 3 times, the judicial organ will take corresponding measures (criminal detention of less than 50,000 yuan).

Second, how to repay the principal if the credit card is unable to repay after the deadline?

It is generally not feasible to repay the principal without paying interest at all, but you can try to reduce the interest. For example, if the interest agreed by both parties exceeds the scope permitted by law, we can ask for interest reduction or exemption, or even ask for a refund of part of the excess interest or deduct part of the principal from it. So as to achieve the purpose of reducing the pressure on its own debt.

The legal interest rate is that the annual interest rate cannot exceed 4 times of the current market loan interest rate, that is, the value of LPR is floating, so this interest rate is also floating, so it needs to be queried and calculated at any time. If you want to know about this, you can contact a lawyer for advice.

Third, how to stop payment and collection if the credit card fails to repay after the deadline?

You can complain to the relevant regulatory authorities.

Some banks or financial lending institutions may resort to harassment, threats, exposure of address books and other means for violent collection. Such a collection method is illegal and can be handled by complaining to the relevant regulatory agencies.

However, you can't refuse repayment because of this, so if this happens, it can be used as a bargaining chip to negotiate with the other party to postpone repayment. If you are not clear, you can consult a lawyer for details.