1. What are the consequences of not paying back the credit card overdue?

1. First of all, if the credit card is overdue, there will be a late payment fee of the minimum payment amount 5, and the bill will be Full penalty and interest. Generally speaking, banks calculate 0.05 yuan per day, and interest is compounded monthly.

2. Overdue items are not included in the central bank’s credit investigation system, and overdue records are included in personal credit investigation reports. Bad records are retained for 5 years. Overdue amounts are large, and continuous overdue amounts for more than 3 months will seriously affect future mortgage loans and automobile loans. Loan and credit card applications, your future credit life will be seriously affected.

3. If the credit card is overdue, the bank will call to collect. If the debt is not repaid more than twice, it will be handed over directly to the collection agency. If you still insist on not paying back, the bank will freeze the credit card and blacklist the cardholder. The bank will automatically cancel the credit card before the balance is paid off.

4. If the overdue amount is large, the bank will directly sue the cardholder for credit card fraud and malicious overdraft, and the court will enforce it. Refusal to repay after prosecution will result in civil or criminal liability. According to Article 196 of the "Criminal Law" and the relevant judicial interpretations of the People's Republic of China, if a credit card holder uses the credit card for the purpose of illegal possession and the amount exceeds 5,000 yuan, it constitutes a crime of credit card fraud and shall be executed in accordance with the criminal law.

2. Will the credit limit be reduced if the credit card is overdue?

Overdue credit cards will produce bad credit, which will affect credit card applications and loan applications. Additionally, credit card limits may be reduced. However, not all past due amounts will be reduced, depending on the score.

Many friends know that the credit card limit is not fixed. Banks will increase or decrease the credit card limit based on the cardholder's credit card situation. Simply put, the cardholder’s credit card habits will affect the credit card limit to a certain extent.

For example, if you have an overdraft credit card, the credit limit cannot be reduced if it is overdue. However, if you are overdue once or twice occasionally, the number of overdue payments is not large, and the overdue period is short, the amount owed will not be reduced.

If the credit card debt has not been repaid for a long time, or the debt amount is large, the bank will consider the cardholder to be at risk of bad debt. In order to avoid bad debts, banks may reduce credit card limits. In serious cases, personal credit records will also be affected.

The consequences of not paying back the credit card overdue

3. What are the situations when the credit card is overdue?

1. Some people do not often apply for credit cards

When a credit card payment is late, plan not to use the credit card at all, or just ignore it and don't pay it back or cancel it. This approach is very wrong! If you do not repay, you will be overdue once a month, that is, you will record a bad credit record once a month. If you do not repay for many consecutive months, you are more likely to be sued by the bank and be found guilty of malicious default. Your credit record will be worse, the amount of debt will become larger and larger, and in serious cases, you will be fined.

2. Overdue credit card payments

The credit card center of the card-issuing bank will collect the payment. Some people, due to ignorance and blind arrogance, not only do not repay the loan, but also escape by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that the bank is helpless. This is also absolutely undesirable. When you apply for a credit card, your real name information is already recorded by the bank. Once you escape, the bank will discover your malicious overdraft and arrears, call the police, and the police will list you as a wanted criminal.

3. Unable to repay on time due to unemployment, illness or other accidents

In this case, the cardholder must proactively call the bank before the final repayment period arrives. Go to the credit card center to state your financial situation, state that you are not maliciously in debt, and apply for deferred repayment and interest discounts. In view of the cardholder's active performance and good credit record in the past, banks often agree to defer repayment and negotiate with the cardholder a mutually acceptable repayment plan, extension period, interest discount, monthly repayment amount, etc.

In this way, through proactive contact, the bank agrees to postpone the repayment and will not record bad records. However, it should be noted that the bank guarantees repayment as agreed in the future.

4. You are usually negligent and forget to repay your loan.

When you find that the loan is overdue, you must repay it as soon as possible, preferably in full. At the same time, call the bank's credit card center to declare that the debt is not malicious. If the previous record is good, the overdue time is short, and the repayment after overdue is good, the bad record may not be recorded. Don’t be careless in the future and be sure to pay attention to bank statement notifications and collection messages to avoid overdue payments.

The consequences of being overdue are still very serious. If you do not handle it in time, you may face the risk of litigation. Contact a legal advisor to solve your overdue troubles.