If your credit card is overdue for one year, it is a serious overdue phenomenon. In order to avoid risks, the bank will freeze your credit card and you can no longer use it normally.

2. Faced with high overdue fees.

Bank interest is charged at the rate of five ten thousandths of a day, and the interest is compounded monthly. Once the credit card is overdue, it will no longer enjoy the interest-free period, and the interest will be calculated on a daily basis. If it is overdue for one year, the interest will be quite high. In addition to interest, there are also a lot of late fees of 5% per month.

Step 3 enter the blacklist

If the credit card is overdue for one year, it will be blacklisted without exception, and your personal credit will be greatly affected, so you can't apply for a credit card or loan in the future.

4. Be sued by the bank

In the face of those customers who are overdue for a long time, the bank will bring a lawsuit to the court. If you are overdue for one year, the bank will sue you in court in order to make you repay. If you are overdue for one year, you are likely to go to jail.

Can I get a mortgage if my credit card is overdue?

If it is only overdue once or twice, don't worry too much. The bank will still decide whether to give you a mortgage according to your repayment ability. In addition, if you can provide proof of non-malicious overdue, the chances of applying for a mortgage will be greatly improved. Generally, for bank loans, the requirements for credit records are as follows:

1. The credit card has been overdue for three or six consecutive times in two years. Generally speaking, banks will refer to the overdue times of individuals in the past two years when approving mortgages. Under normal circumstances, one spouse will not be able to get a loan if it is overdue three times in a row or six times in two years. The meaning of three consecutive overdue repayments is, for example, the repayment period of a sum of money is one month, and there is no repayment for three consecutive months; A total of six times means that it is overdue once, returned and overdue again. This has happened six times.

2. In some banks, if the amount is not large (generally below 500 yuan), you can apply for a non-malicious overdue certificate to increase the down payment, or the bank needs you to deposit tens of thousands of dollars and get a certificate of deposit for time deposits, and then you can apply for a mortgage.

3. The credit card is overdue only once or twice. Generally, such banks will not refuse to lend, but may raise the loan interest rate appropriately.