In the daily use of credit cards, we will inevitably be unable to repay on time due to various reasons. In some cases, liquidated damages and penalty interest will be incurred, and in other cases, our personal credit information will be affected. Today I will tell you what to do if your credit card expires.

There are generally three overdue situations.

First, the overdue time is short.

Under normal circumstances, if the cardholder does not repay in full on the final repayment date, the bank will give the cardholder a three-day grace period for repayment. As long as the repayment is completed within three days, there will be no liquidated damages and penalty interest, and of course there will be no bad credit.

Two. The overdue period has exceeded the three-day grace period, but has not been reported to the personal credit reporting system by the bank.

In this case, the bank will impose penalties and interest on the cardholder in accordance with regulations, but because the overdue time is not long, the bank has not reported it to the personal credit system. Therefore, as long as the cardholder completes the repayment as soon as possible and pays the penalty and penalty, it will not affect the cardholder's personal credit report.

3. If the credit is overdue for a long time, it may have been reported to the personal credit reporting system.

If the cardholder fails to repay in time and is overdue for a long time, the bank will report it to the personal credit reporting system, thus affecting personal credit. In this case, the cardholder can only complete the repayment after discovering the overdue amount, but the overdue record will be reported to the bank. Under special circumstances, you can also apply to the bank to object to overdue records. I will explain this to you later as a special topic.

The above three situations are all overdue due to the cardholder forgetting to repay, and there is another situation where the cardholder is unable to repay due to irresistible factors, resulting in overdue. The adverse consequences of this delay are manifold. In addition to the large amount of liquidated damages and penalty interest that will affect personal credit reports, cardholders will also face endless phone collection calls. If the amount is too large, it will also constitute a crime of financial fraud, with serious consequences. As a result, a series of financial services such as "debt repayment with interest rates", "debt optimization", and "debt negotiation" emerged. In fact, the standard expression for these businesses in banks is "personalized installment repayment agreement", and the specific provisions are as follows:

So, how should we negotiate with the bank on an equal footing?

Three elements for successful negotiation

1. Don’t evade bank collection.

When faced with a collection call from your bank, don’t run away. Answer normally and show your willingness and attitude to repay. Let the bank know that your failure to repay is not malicious but due to other irresistible factors that prevent repayment.

2. Explain your current situation to the bank.

Be realistic and explain your current difficulties, including financial situation, work situation, family changes, physical condition, etc. Remember to be honest so the bank fully understands your current predicament.

3. Have certain repayment ability.

Negotiating installment repayment with the bank does not mean non-repayment. Once the negotiation is successful, the repayment will be as agreed. Therefore, you must have a stable income and ensure normal monthly repayments.

Only if the above three factors are met, you can negotiate with the bank.

When you reach a negotiated agreement with a bank, you must make an agreement to fulfill your repayment obligations on time. If you still fail to repay the loan on time, resulting in a second overdue payment, not only will you never have the chance to negotiate with the bank again, but you will also face lawsuits from the bank.

To sum up, when we use credit cards for daily consumption, we must repay on time to avoid overdue repayments; at the same time, we must be moderate and restrained. Once the overdraft is too high and excessive consumption cannot be repaid, the consequences will be serious. Related questions and answers: Will there be any negative records on credit cards that are overdue for two days? There will be no negative records on credit cards that are overdue for two days. Supplementary information: Under normal circumstances, credit cards have a grace period of three days after the repayment date. Repayment within the grace period is deemed to be repayment on time. 1. The “time limit” is overdue. "Tolerant" overdue means that if the cardholder fails to repay in time on the due date of the repayment, there is a grace period. If the money is repaid within the grace period, there will be no penalty interest and no upload. Go to the credit reporting system. But if you still haven’t paid back the money after the grace period, it will most likely be uploaded to the personal credit system.

The grace period of each bank is also different. Most banks have a grace period of 3 days (this is a natural day, not a working day). 2. The "tolerance" is overdue. The so-called "tolerance" means that if the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due payment date is less than or equal to a certain amount, it shall be deemed that the cardholder has repaid in full, and this part The outstanding amount will automatically be transferred to the next bill, and this situation will not be recorded as a bad credit report. The tolerance amount is generally within 10 yuan, but different banks have different tolerance policies, such as China Merchants Bank, Communications, Hua Xia, Pudong Development Bank, Industrial Bank, etc. 3. "Three in a row and six in a row". "Three in a row and six in a row" is the collective name of "Three in a row" and "Liu in a row". "Three in a row" refers to overdue repayments for three consecutive months, and "Liu six" refers to a cumulative six overdue repayments. From the bank's perspective, whether the credit report is "three in a row" or "six in a row", it is a serious problem. People with these two situations will be classified as "problem customers", that is, they will be included in the "blacklist", which will have a serious impact on future lending business.

Extended information: 1. How long does it take for a credit card to be overdue? 1. On the day when the repayment is due, if the cardholder fails to repay in time, there is a grace period. During the grace period There will be no interest penalty if you repay the money within this period, and it will not be uploaded to the credit reporting system. But if you still haven’t paid back the money after the grace period, it will most likely be uploaded to the personal credit system. 2. The grace period of each bank is also different. Most banks have a grace period of 3 days (this is a natural day, not a working day). 3. If the cardholder has insufficient repayment in the current period, and the unpaid portion of the account after the due repayment date is less than or equal to a certain amount, the cardholder shall be deemed to have repaid in full, and this portion of the unpaid amount will be automatically transferred to the credit card. It will be included in the next bill, and this situation will not be recorded as a bad credit report. Related Q&A: If my credit card is two days overdue, will I get a credit check?

First of all, thank you for the invitation.

I have been busy recently and have not bothered to answer questions.

If a credit card is two days overdue, will it really not be reported to the credit bureau?

General banks have a time limit for repayment, usually 3 days. If you are overdue for 3 days and repay in full within 3 days, there will be no problem.

If it has been more than 3 days but not more than 7 days, you need to call the credit card center to explain why you are overdue, express your willingness to repay, and that it is unavoidable to be overdue. Generally, the staff will wait for you. Your overdue record will be deleted from the credit report list and will not be reported to the central bank.

If you are under repayment pressure, you can apply for minimum repayment or repay in installments.

In this society where credit is improving, personal credit reporting is very important, so it is recommended that you try to avoid unnecessary overdue credit.

Finally, I wish you a happy use of the card.