The impact of credit card credit:

1. Liquidated damages are incurred, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Credit card users are recorded in the personal credit system of the card issuer due to overdue phenomena, which cannot be canceled. It will affect future loan and other business, and also reduce the user’s credit limit. However, as long as the repayment is made in time, the credit limit will be reduced. The credit limit can be restored.

Being overdue on a credit card does not mean that you will not pay back the last payment date, but that it will be considered overdue if you do not pay back the bill on the next month. Failure to repay the loan after the due date will affect your credit report and incur liquidated damages and interest. In serious cases, you may be sued by the court and imprisoned.

Extended information:

Methods to improve credibility:

1. Fully prepare various asset certificates. ?

At the beginning of the application, because there is no consumer credit record in the bank, the bank evaluates various income assets before deciding how much credit limit to give you. If you want to significantly increase your credit limit when applying, you must carefully prepare various credit documents and don't be too troublesome. All proofs of income, house ownership, mortgage purchase certificates, car ownership certificates, bank deposit certificates or securities certificates must be submitted to the bank.

2. Fill in the form details carefully. ?

When filling out the application form, there are several small details that affect the credit limit, such as whether there is a fixed phone number in this city, and whether this number is registered in your own name or the name of a family member. Whether you are married, whether your mobile phone number has monthly rent, whether it is a registered residence in this city, etc.

If the above answers are yes, the bank will greatly increase the credit evaluation accordingly. However, each condition is not absolute, but it is relatively easy to pass the qualification review and increase the initial consumption limit application, consumption Credit and Repayment Credit is still the most important thing for banks.

3. Don’t forget to swipe your card anytime, anywhere. ?

While using the card, make a lot of purchases with the card. Try to choose stores that accept credit cards for food, clothing, housing and transportation. The more frequently you use it, you will have a relatively stable consumption limit every month. Just change the original habit of cash consumption to Spend by credit card. This shows your loyalty to the bank. The bank's information system will count the frequency and credit limit, and will automatically increase your credit limit in about half a year.

4. Repay your loans on time and maintain good credit.

Only when you owe money can you borrow money. Banks also strictly follow this ancient truth. If you don't repay your loan on time, you will definitely have no credit. It is best to pay it back in full instead of just the minimum payment. The recurring interest will make you unable to bear it.

5. Take the initiative to apply for an increase in your credit limit.

After half a year of normal use of the credit card, you can actively submit a written application or call the service phone to adjust the credit limit. The bank needs approval. Under normal circumstances, it will increase it within a certain range after reviewing the consumption record and credit record. Your credit limit.

Baidu Encyclopedia - Credit Card

Baidu Encyclopedia - Credit Card Repayment

Baidu Encyclopedia - Overdue Repayment

Baidu Encyclopedia - Credit Line< /p>