2. If it is a credit card, if the minimum repayment amount is not paid before the due repayment date (inclusive), it will be considered overdue, and there will be corresponding liquidated damages in addition to interest (liquidated damages = unpaid part of the minimum repayment amount ×5%).
It is recommended that you repay in time or sign an automatic repayment agreement before the repayment date, so as not to affect your personal credit.
Extended data
The essence of credit card is actually a personal credit loan product provided by the bank, and the money owed to the bank must be paid back. Credit card non-repayment will not only affect personal credit, but also cause high penalty interest. If it is serious, it may be sued by the bank and take responsibility for the situation. Therefore, everyone must pay attention to maintaining a good repayment record after using credit cards.
Consequences of non-repayment of credit cards
1, personal credit is not good. If the credit card is not repaid, the cardholder will be overdue. At present, most banks offer cardholders a three-day grace period for repayment. After the grace period, it will be overdue, and the bank will upload the overdue records of users to the central bank for credit investigation, thus leaving a stain on the personal credit of cardholders. Now is the credit age. If the personal credit information is not good, then the later credit business will be affected.
2. Generate penalty interest. Credit cards can only enjoy the interest-free period if they are repaid on time within the prescribed time limit. Once the cardholder is overdue, the bank will charge an overdue fee. Overdue interest is calculated on a daily basis. The longer the time, the higher the overdue interest.
3. Collection by bank. Overdue credit cards will definitely face various collections from banks. Generally, if the overdue time is within 1 month, the bank will send a short message to remind the cardholder to repay the loan, and occasionally call for collection. If the overdue time reaches one month, the bank will collect more frequently, and if the overdue time reaches three months, the bank may outsource the collection work to a third-party collection agency. At this time, collection calls will be very frequent, which may affect the normal life of credit card users.
4. Be sued by the bank. If the credit card is overdue, the bank can sue the cardholder. According to the relevant laws and regulations of credit cards, if the overdue amount of the cardholder reaches 50,000 yuan, and it is still overdue for more than three months after being collected by the bank twice, then the bank can sue the overdue user for malicious overdraft. Once the court finds that the cardholder's malicious overdraft behavior is true, the credit card user will face situational responsibility.
5. Be included in the list of dishonesty. If the bank files a lawsuit and the cardholder refuses to repay the loan after the court's decision, it may be included in the list of dishonesty, which is what everyone calls Lao Lai. After becoming an old lai, not only is it hopeless to apply for a loan later, but even high consumption such as traveling abroad and flying will be restricted.