First of all, the new regulations clearly stipulate that overdue repayment will have a negative impact on the credit history of cardholders. Overdue repayment will be recorded in personal credit report, and may lead to a decline in credit score. This means that the credit status of cardholders will be damaged, and may affect future credit applications and loans.
Secondly, the new regulations require cardholders to pay overdue interest and fines within a period of time after overdue repayment. The calculation method of overdue interest will change, usually higher. At the same time, cardholders may need to pay a certain percentage of fines to strengthen the binding force of repayment. The increase of these expenses will have a great impact on the repayment burden of cardholders, reminding cardholders to repay in time and avoid extra expenses.
Third, the new regulations also stipulate the way to deal with serious overdue. If the cardholder fails to repay the loan for a long time or the overdue amount is large, the bank has the right to take further legal measures, including applying to the court for enforcement, or even restricting the cardholder's consumption and leaving the country. This is to protect the rights and interests of banks and other cardholders and crack down on malicious overdue behavior.
To sum up, the new regulations on overdue credit cards require cardholders to manage their repayment behavior more carefully. Overdue repayment will have a negative impact on personal credit records, accompanied by additional overdue interest and fines. Banks have the right to take legal measures to strengthen the handling of long-term non-repayment or serious overdue. Therefore, cardholders should develop good repayment habits to ensure timely repayment to avoid unnecessary risks and expenses.
Supplementary information: In recent years, the China Municipal Government has been strengthening the construction of the credit management system and strictly supervising overdue behaviors. The implementation of the new regulations on overdue credit cards is one of them. The government hopes to strengthen the supervision and punishment of overdue repayment, guide people to establish correct consumption concepts and good repayment habits, and promote the benign development of social credit environment.