1. What will happen if the credit card is overdue?
1. What will happen if the credit card is overdue?
(1) The party concerned needs to pay the overdue period interest;
(2) It may produce a bad credit record;
(3) If it is overdue for a long time, banks and other financial institutions may ask for repayment. civil litigation.
2. Legal basis: Article 196 of the "Criminal Law of the People's Republic of China"
The crime of credit card fraud involves one of the following circumstances: carrying out credit card fraud activities, If the amount is relatively large, the sentence is to be not less than five years in prison or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan; If the amount is particularly huge or there are other particularly serious circumstances, the sentence shall be not less than 10 years in prison or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation:
(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;
(2) Using an expired credit card;
(3) Pretending to use other people’s credit cards;
(4) Malicious overdraft.
The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank.
Whoever steals a credit card and uses it for the crime of theft shall be convicted and punished in accordance with the provisions of Article 264 of this Law.
2. How to deal with overdue credit card debt
How to deal with overdue credit card debt:
1. Pay off the debt in a timely manner, proactively explain the situation to the bank, and maintain The account status is normal;
2. Do not cancel the card because it is overdue. After it is overdue, you should continue to use the credit card normally, spend more, repay on time, and replace the overdue record with a new repayment record;
3. Don’t lose contact after the due date, and don’t let the bank think you have malicious overdrafts and arrears, otherwise you may be sued by the bank.