Legal Subjectivity:

The consequences of defaulting on a credit card for several months are as follows: 1. No longer enjoy the interest-free repayment treatment. When the amount owed is small and the overdue period is short, the card-issuing bank will calculate interest on a daily basis from the day the consumption occurs, using the consumption amount as the principal, with a daily interest rate of 0.05% and compound interest on a monthly basis; for the minimum The unpaid portion of the repayment amount will be charged a late payment fee of 5% per month. 2. Receive a reminder notice. When the overdue time reaches a certain period, the bank will send relevant reminder notices. Due to ignorance, some people not only refuse to repay the loan, but also "run away" by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that the bank can't do anything to them. In fact, this approach is very wrong and absolutely undesirable. When you apply for a credit card, your real-name information has been recorded by the bank. Once you "run away", the bank will determine that you have malicious overdrafts and arrears, and will call the police. 3. Impact on personal credit record. When the overdue period is too long and the bank's reminder notice is ignored, the credit card account will be frozen by the card-issuing bank. Arrears records may be fed back to the People's Bank of China's personal credit reporting system, affecting the cardholder's personal credit record and causing the cardholder to be unable to apply for a housing mortgage loan normally. 4. In serious cases, "malicious overdraft" may constitute a crime. Legal objectivity:

Article 675 of the "People's Republic of China and Civil Code" The borrower shall repay the loan within the agreed time limit. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time.