How to deal with overdue credit cards and bad records:

1. If the credit card is not repaid on time, liquidated damages will be incurred, which is usually the minimum repayment amount and 5% of the unpaid part. .

2. If the credit card is not repaid on time, high interest will be generated, and the interest will be compounded. If the debt is large, the interest will be a lot.

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.

Extended information:

1. Overdue credit card repayment methods:

1. Within the card issuing bank: including card issuing bank counter, ATM, online banking, automatic transfer , telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. Transfer, remittance and repayment: mainly divided into two methods: inter-bank in the same city and inter-bank in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

3. Online repayment: The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengpay, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

4. Convenience store repayment: This method mainly completes repayment through the "Lakala" smart payment terminal installed in the convenience store. Generally, the payment time takes 2 to 3 working days. At the same time, There is no handling fee for repayment using this method.

5. Over-the-counter repayment: Over-the-counter payment refers to bank cards issued by various networked financial institutions. RMB current deposits and withdrawals can be made through the counters of other bank branches registered in the UnionPay Exchange Center host system. trade.

2. Precautions for overdue credit cards:

Cardholders should pay special attention to the last repayment date of their credit card, which is the last day of the interest-free repayment period. Here Previous repayments were interest-free. If overdue, all consumption payments will no longer enjoy the interest-free repayment treatment. The bank will calculate interest on a daily basis based on the consumption amount as the principal from the day of consumption. The daily interest rate is 0.05%, calculated on a monthly basis. Compound interest will be charged and late payment fees will be charged.

Credit card late payment fees refer to the situation where the cardholder’s actual repayment amount is lower than the minimum repayment amount on the due date of the credit card, and the cardholder must pay late payment fees for the unpaid portion of the minimum repayment amount, which is generally the minimum payment amount. 5 of the unpaid portion of the repayment amount, but due to different policies of each bank, the minimum amount set is also different.

Therefore, cardholders who have large overdrafts during the Spring Festival holiday must keep in mind the final repayment date after receiving the bill, and strive to repay all the previous expenses before the due repayment date. Pay it off. If you really haven’t paid it yet, apply for installment repayment as early as possible or adopt the minimum repayment method to avoid being penalized by the bank.

People without financial income, such as students, should not apply for a credit card easily. Even if they do not use the credit card, they still have to bear the annual fee and other items. People who hold credit cards should give up using their credit cards and go through the card refund procedures in a timely manner. Otherwise, various credit card fees and subsequent interest, late payment fees, etc. will lead to personal economic losses and reduced credit, which will affect mortgages, car loans, etc.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Overdue