Can I apply for a credit card if it is overdue?

You can still apply for a credit card if you have been overdue. Each bank has different risk control standards. If the overdue situation is not serious and has been paid off, the bank may still approve the card. If the overdue situation is malicious and the balance has not been paid when applying for a credit card, the bank will reject the credit card application. In addition, it is relatively difficult to apply for a credit card if the overdue period is too long, for example, more than 3 months.

For users with overdue records in their credit reports, it is best to settle the overdue debt and wait at least 3 months before applying for a credit card. If you are still repaying the loan during this period, it is recommended to repay on time and maintain recent repayment records, which will help improve the success rate of applying for a credit card.

Early repayment means that the borrower applies to the bank for early repayment of his/her loan part, and ensures that the loan in the previous month has not been overdue and that the loan of the current month is repaid; the loan part is repaid in one go according to the date specified by the bank. or partially paid off.

Early repayment of a loan is generally divided into two methods: partial repayment of the loan in advance and full repayment of the loan in advance.

Depending on the repayment method, the borrower can choose a reduced mortgage term or a reduced mortgage amount. It is understood that most banks currently provide five ways to repay loans in advance for customers to choose from.

The first type is full early repayment, that is, the customer pays off the entire remaining loan at once. (There is no need to repay interest, but the interest paid will not be refunded)

The second type is partial early repayment, and the remaining monthly repayment amount of the loan remains unchanged and the repayment period is shortened. (Save more interest)

The third type is partial early repayment. The remaining loan will reduce the monthly repayment amount and keep the repayment period unchanged. (Reduces the monthly payment burden, but the degree of savings is lower than the second type)

The fourth type, partial early repayment, will reduce the monthly repayment amount of the remaining loan and shorten the repayment period. (Save more interest)

The fifth method is to keep the total principal of the remaining loan unchanged and only shorten the repayment period. (The monthly payment is increased and part of the interest is reduced, but it is relatively uneconomical)

Financial experts suggest that if you repay early, you should reduce the principal as much as possible and shorten the loan period so that you pay less interest.

How to apply for early loan repayment and what are the requirements for early loan repayment?

First, the borrower must repay the principal and interest of the loan on a regular basis for 6 months before he can propose to repay part of the loan or all of the loan in advance for the first time;

Second, the lending institution is a serious loan Management, a minimum limit is stipulated for early repayment of part of the loan, which generally requires more than 10,000 yuan;

Third, borrowers generally need to notify the lending institution 10 or 15 days in advance for early repayment of the loan, and must hold the original loan Submit a written application to the lending institution with the contract, bank loan savings card, monthly capital and interest schedule, personal ID card and other information, and must be reviewed and approved;

Fourth, the borrower still needs to Repay the original monthly loan principal and interest repayment, and at the same time deposit the loan amount that needs to be repaid in advance into a bank savings card.

Can I apply for a credit card if I am overdue?

I am overdue, but if it is not very serious (occasionally overdue and for a short time), I can still apply for a credit card.

Generally, if a credit card is overdue for 3 consecutive periods and accumulates 6 periods, the credit record is very serious and it is difficult to apply for a credit card again. Bad credit records will be kept in the central bank's credit reporting system for 5 years and will be recorded continuously for 2 years. It will be difficult to successfully apply for a credit card within 5 years.

Credit card, also known as credit card, is a non-cash payment method and is a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments.

Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud.

Enjoy an interest-free period of 25-56 days (or 20-50 days).

Enjoy the interest-free period for credit card purchases. If you pay off the bill before the due date, no fees will be incurred. There is no interest-free repayment period for cash withdrawals. A daily interest rate of 0.05% will be charged from the day of withdrawal, and the bank will also charge a certain percentage of cash withdrawal fees.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95 countries around the world. In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

After experiencing the financial crisis and the ups and downs of the domestic economy, China's credit card market rebounded in 2010. By the end of 2010, the total number of domestic credit cards issued had exceeded 200 million. In 2010, the national credit card inter-bank transaction amount reached 5.11 trillion yuan, and the consumption amount was 2.7 trillion yuan. The proportion of credit card consumption in the total retail sales of consumer goods continues to increase.

Can I apply for a credit card if there is an overdue credit card?

If there is an overdue record in the credit report, the user cannot apply for a credit card.

When a user applies for a credit card, the bank will check the user's personal credit report. When there is an overdue record in the credit report, the bank will determine that the user does not meet the credit card application conditions and reject the user's credit card application. Even at the preliminary review stage, users may be rejected by the bank.

Therefore, users must wait until the overdue records are deleted and their personal credit returns to normal before applying for a credit card. Only in this way can the credit card application have a certain chance of passing the review.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. Apply to deduct consumption funds in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Most banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .

Shopping mall installment, also known as POS installment, means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment in this shopping mall and indicate that you need to pay in installments.

As long as the products that can be paid in installments are products that are normally sold in the shopping mall, they can generally be paid in installments. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.

Let’s stop here for an introduction on whether you can apply for a credit card if it’s overdue.