1. What to do with credit cards and mortgage loans after being sentenced

1. If the credit cards and mortgage loans of prisoners are overdue, they can contact the card-issuing bank to explain themselves If you are serving a sentence, then apply for suspension of debt. After you are released from prison, you can repay the outstanding debt.

2. If the sentence is longer, the person concerned can also try to find family and friends to help repay the debt, and then solve the debt problem of relatives and friends after he is released from prison (although the debt still exists, the creditor will It is no longer the bank, but relatives and friends, so it is easier to discuss the repayment time and no interest will be incurred due to overdue payment).

3. If the amount of debt owed is large and cannot be paid off immediately, you can also apply to the bank to extend the repayment period, repay the debt in installments, and let relatives and friends put large sums of money into the card regularly for use. Credit card repayments.

4. Of course, if the person concerned still has certain assets in his name, he can bind his personal bank card for repayment; if the money is not enough, he can also choose to sell or transfer the assets, and ask relatives and friends to help use the funds. to pay off the debt.

2. What are the consequences of overdue credit card payments

1. High interest and liquidated damages

(1) Credit card holders who do not repay their debts You will no longer enjoy the credit card interest-free period, and interest of 0.05% per day will be calculated starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

(2) If the credit card interest-free period is exceeded and the repayment is not made in time, the bank will charge the credit card holder a liquidated penalty at a ratio of 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will Cardholders will be charged higher penalty rates.

2. Personal credit stains

As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. Once your credit record is stained, you will basically want to apply for a credit card. It will be difficult. This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan limit of the mortgage loan will be lower than others, and the interest rate will be higher than others. If the application is seriously overdue, you may even want more. If you pay interest rates, banks will not lend.

3. Credit card is suspended

If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings.

Once a credit card is overdue, overdue interest will accrue. Secondly, overdue records will be left in the credit reporting system. Mortgages also need to be repaid on time after borrowing. The debtor cannot be restricted due to suspected crimes. In order to obtain personal freedom, you are exempted from the responsibility for repayment, so when you are unable to repay, you can entrust others to handle it on your behalf.