1. What does a credit card overdue mean?
A credit card that does not repay in full or the minimum payment within the final repayment period specified by the bank is called The credit card is overdue. In addition to the credit investigation and penalty interest at the meeting, credit cards with serious violations will also be prosecuted by the court or even imprisoned. The overdue credit card is mainly based on the repayment date.
Calculation of credit card overdue
1. From the billing date to the repayment date: repayments during this period are normal repayments.
2. Repayment date: The repayment date is the last day of the interest-free repayment period, and the repayment date is also a normal repayment.
3. After the repayment date: After the repayment date, repayment is a typical overdue repayment. In addition to not enjoying the interest-free treatment on the consumption amount, overdue penalty interest must be paid on a daily basis. At the same time, overdue records will be uploaded to the personal credit report of the People's Bank of China, affecting personal credit.
2. How to calculate credit card overdue
The credit card repayment time point is set to after the billing date and before the final repayment date, and the repayment amount is as follows:
1. Full Repayment: Normal repayment, no interest;
2. The repayment amount exceeds the minimum repayment amount: no overdue, no late payment fees but interest will be charged;
3. No repayment Or the repayment amount is less than the minimum repayment amount: it should be treated differently, because some banks have a repayment grace period, and the grace period is not overdue. In addition, each bank's overdue calculation method is also different.
This does not mean that late payment on a credit card will be considered overdue, it depends on the bank's regulations. In addition, even if it is the same bank, ordinary card, gold card, platinum card, the time limit and time difference given by the bank are different.
What does an overdue credit card mean?
3. How to eliminate credit card overdue records
1. Actively communicate with the bank
Credit card holder It is best for people to take the initiative to contact the bank's credit card center, state their financial situation, declare that they do not owe money maliciously, and apply for deferred repayment and interest discounts. If the bank agrees to an extension, it shall not record any negative records, but it will ensure on-time repayment.
2. Discover overdue repayment as soon as possible
If it is overdue, you must repay it as soon as possible, preferably in full. Then, call the credit card center to explain the reason. If the overdue period is short, the amount is small, the repayments were made on time in the past, and the credit is good, the bad record may not be recorded.
3. I have a bad record and insist on using the card for another two years
What should I do if I am overdue and have a bad record recorded by the central bank’s credit investigation system? Some people think that as long as I am overdue, Pay off your credit card, then cancel it. This is wrong! Once you no longer need the card, the corresponding bad record will not be updated but will be saved for a long time. The correct way is to continue to use the credit card, repay on time, maintain a good credit record, usually generate a new credit record after 24 months, and then update the credit record after two years, which will cover the bad record in your original credit investigation system.
When using a credit card, you must repay on time. It is best to repay 2 times to 3 days in advance. Do not repay on the spot. If you are worried about forgetting to repay, you can follow the official credit card website WeChat or the credit card Alipay service number, or you can turn on the bank card automatic repayment or WeChat Alipay credit card repayment reminder. Maintain a good personal credit record to avoid adverse effects on your future credit behavior.
Don’t worry if your debt is overdue, one-on-one legal services will provide you with a solution.