At present, many people have credit cards (debit cards). However, credit cards (debit cards) always cause all kinds of troubles. Due to all kinds of things, cardholders still fail to pay back their debts, which leads to interest-bearing, and a dollar in arrears develops into a debt of 1, yuan. Finally, they are heavily in debt and get into lawsuits. Let's take a look at the things that credit cards (debit cards) are overdue.

1. What do you mean by overdue repayment?

Simply put, the overdue repayment of a credit card (debit card) is the case that the final repayment period stipulated by the bank is exceeded and the money consumed has not been deposited into the designated account in full and on time! In real life, overdue repayment is closely related to our life in two aspects, one is overdue repayment by credit card, and the other is repayment by bank in loans overdue.

second, what are the legal consequences if the credit card (debit card) is overdue?

Credit cards (debit cards) are only used for daily consumption. If they are overdue, they will not only generate interest and late fees, but also affect personal credit information. The arrears are automatically generated by the system. The longer the overdue period, the more arrears will be generated.

1. Full penalty interest, with heavy debts

If the credit card (debit card) is overdue, there will be a late payment fee of 5% of the minimum repayment amount, and the bill will be paid in full penalty interest. Generally, banks will calculate the daily interest at five ten thousandths, and the principal and interest will be calculated on a monthly basis. Full penalty interest until you pay off all the debts.

2. Mortgage and car loan are not allowed at all.

If the loan is overdue, it will be included in the central bank's credit information system, and the overdue records will be included in the personal credit information report. The bad records will be kept for five years, and the overdue amount is large. If it is overdue for more than three months, it will seriously affect the future mortgage, car loan and credit card (debit card) applications. In short, the credit life will be fully affected.

3. It's annoying for the bank to collect money.

If the bank fails to return the card within the time limit, it will call for collection. If it still insists on not returning it, the bank will freeze the credit card (debit card) and blacklist the cardholder. The bank will automatically cancel the card until the debt is paid off.

4. Malicious overdraft, which violates the criminal law.

The bank will directly sue the cardholder for credit card (debit card) fraud and malicious overdraft, and will bear civil or criminal responsibility for refusing to repay after prosecution.

third, how terrible is the impact of bad credit records?

the first direct impact is that you can't get loans from banks and you can't apply for credit cards (debit cards). If you maliciously default on the bank's money and are included in the credit information system by the local court, your personal travel will even be affected.

Among them, it is very fatal to affect the subsequent loans. If the credit is tainted, you may not be able to apply for loans in financial institutions such as banks and microfinance companies, and not only you can't, but your spouse will also be affected.

It is specifically stipulated that each bank is different. When the circumstances are serious, the bank has the right not to apply for housing provident fund loans, and not only to buy a house or a car.