What will happen if the credit card is overdue for 6 months?

Consumer money will no longer enjoy interest-free repayment. The issuing bank will calculate the daily interest with the consumption amount as the principal from the day when the consumption occurs, with a daily interest rate of five ten thousandths and compound interest on a monthly basis; For the unpaid part of the minimum repayment amount, a monthly fine of 5% will be charged. At the beginning, the cardholder will be reminded by customer service and collection staff, and then a reminder phone call and a reminder letter will be issued. If you receive a reminder letter or a lawyer's letter and still fail to repay, the card-issuing bank will report it to the central bank, forming a stain on your credit record, and finally force the repayment through legal means.

introduction of credit card;

1. Also called a credit card, it is a credit certificate issued by a commercial bank or credit card company to a qualified consumer. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

2. The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card. Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment will be made on the BillingDate.

3. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card. From January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the management of the upper and lower limits of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

On May 25th, 221, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

What are the consequences of the credit card arrears of Guangfa Bank for six months?

The credit card arrears of Guangfa Bank for six months will have a negative impact on the personal credit of users, and the overdue period will generate interest and affect the credit investigation, and will be severely punished and imprisoned. The adverse consequences caused by overdue credit cards are as follows:

1. There is a penalty, which is generally the minimum repayment amount, 5% of the unpaid part.

2, high interest, and it is a rolling interest, and interest is very scary when there are many debts.

3. The overdue period will stain the credit record, which will lead to the inability to handle financial needs such as house purchase and loan in the next two years.

4. If it is overdue for more than 3 months and the amount exceeds 1,, the bank has failed to make several reminders, and it will not only pay back the money, but also bear criminal responsibility.

when users find that their credit cards are overdue, they should take the initiative to repay them in time. After coordination with the bank, if the bank agrees that users can repay with the minimum monthly repayment amount, users can still repay according to the minimum monthly repayment amount.

Extended information:

Precautions for overdue credit cards of Guangfa Bank:

Generally speaking, each bank will charge a certain amount of interest for overdue repayment, which is different from bank to bank, and is generally five ten thousandths of interest. However, the starting date of interest should be calculated from the date of consumption, not from the date after the last repayment date.

if you haven't paid all the limit, you can pay the minimum repayment amount first, which will not affect the credit limit, and there will also be a buffer period, so that the bank can keep abreast of the capital flow in your account and will not freeze the account.

when the credit card (credit card) holder chooses the minimum repayment method or uses the card exceeding the credit limit approved by the issuing bank, he will no longer enjoy the interest-free repayment period, and shall pay the overdraft interest calculated at the specified interest rate from the bank bookkeeping date.

the consequences of overdue repayment of credit cards are serious, so overdraft consumption should be moderate. Although the biggest feature of credit card is its overdraft function, it actually constitutes a loan relationship between customers and banks. Failure to repay at maturity may not only cause law, but also bear high penalty interest. The most important thing is to form a bad credit record, which will adversely affect future work and life.

Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Overdue Repayment

Baidu Encyclopedia-Credit Card Repayment

Credit Card is paid in installments for six consecutive months

Credit card repayment in installments is six months.

Credit card repayment in six installments means that the credit card repayment amount is divided into six installments (six months), and there will be six repayments soon, and the repaid principal and interest will be divided into each installment.

that's enough for the six-month introduction of credit cards.