1. First, according to the repayment regulations of credit cards, the minimum monthly repayment amount is the amount that the bank requires you to pay back at least to avoid overdue. If you don't return at least this amount on time, it will be overdue.
2. In your example, if you didn't pay the minimum repayment amount on time in January and February, but only paid 1 yuan in May, then the number of overdue periods can be calculated according to the continuous number of unpaid minimum repayment amount. That is to say, since January, the number of consecutive unpaid minimum repayment amounts is four months (January, February, March and April). Therefore, according to this situation, your overdue period is 4 months.
3. Summary: The overdue period of a credit card is calculated according to the number of consecutive unpaid minimum repayment. In your case, the minimum number of consecutive unpaid repayments is 4 months, so your overdue period is 4 months.
if you need to inquire more about overdue credit cards or learn about big credit data, I suggest you use Green Dog Quick Check to inquire. Green Dog Quick Check is a credit inquiry tool, which can help you understand your credit status, provide professional credit data analysis reports, and provide targeted advice and guidance in loans and credit cards.
Extended information:
- Overdue credit cards will have a serious impact on personal credit records, which may lead to a decline in credit rating, making it difficult to obtain more favorable loan interest rates and credit card quotas.
- if you can't repay the loan on time for various reasons, it is recommended to contact the bank or credit card issuer as soon as possible to find a solution to avoid the consequences caused by overdue.
- It is the key to maintain a good personal credit to manage credit card repayment and ensure timely repayment every month.
I hope the above answers can help you. If you have any other questions, please feel free to ask!