How long does it take for a credit card to be blacklisted if it is overdue?

A credit card that is three months overdue will be blacklisted. Methods to eliminate overdue credit card records:

1. As long as the parties concerned have fulfilled their repayment obligations, the credit reporting agencies will eliminate personal bad records in accordance with the law;

2. Credit reporting agencies will treat personal bad information The retention period is 5 years from the date of termination of the bad behavior or event;

3. If it exceeds 5 years, it shall be deleted. During the retention period of the bad information, the information subject can provide an explanation for the bad information. , the credit reporting agency shall record it.

Article 196 of the "Criminal Law of the People's Republic of China"

Credit card crimes include one of the following circumstances: if the amount of credit card activities is relatively large, If the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than ten years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan; If the amount is particularly huge or there are other particularly serious circumstances, the penalty shall be not less than ten years or more, and a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscated:

(1) Using a counterfeit credit card, or using Using false identification to fraudulently obtain a credit card;

(2) Using an expired credit card;

(3) Pretending to use another person’s credit card;

(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.

Anyone who uses a credit card at the same time shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

How long does it take for a credit card to be blacklisted if it is overdue?

If the credit card is overdue for more than 90 days, and there are more than 6 overdue behaviors for more than 90 days, it will be blacklisted by the bank.

After a credit card is overdue, the credit report will divide the cardholder’s overdue status into levels from 1 to 7 based on time. For example, the mark 1 indicates that the overdue time is within 1 to 30 days, the mark 2 means that the overdue time is within 31 to 60 days, the mark 3 means that the overdue time is within 61 to 90 days, and the mark 4 means that the overdue time is within 91 to 120 days. Within, and so on.

For banks, as long as the overdue period does not exceed 90 days, it is still acceptable. This situation is a general overdue situation. If you pay off the debt immediately after the overdue period, it will not cause much trouble. No impact, and it will not be blacklisted. And if it is overdue for more than 90 days, it is considered seriously overdue, especially if it is overdue for three consecutive days, and it is impossible to escape the blacklist of the bank.

Extended information:

Consequences of overdue credit cards

Once an overdue bad record is shown, any business involving credit reporting issues will not be processed. If a credit card is overdue three times in a row or six times in total, it is considered a serious overdue. Overdue credit card for more than 90 days is also considered serious. If you apply for a credit card, mortgage loan, car loan, etc., you will basically be rejected. However, if the overdue period is not long and you maintain a good repayment record after settling the debt, your credit score can be restored and it will not have much impact on your application for loans and credit cards.

The most serious thing is that if you refuse to repay the loan for a long time and refuse to negotiate, you will first be put on the credit blacklist. If you still fail to pay after the expiration date, you will be restricted from traveling and will not be able to take public transportation. In serious cases, they will be punished, enforced or detained. In short, the longer the overdue period, the greater the impact. Personal credit reports will have an increasing impact on life. It is recommended to take remedial measures as early as possible to reduce the impact on credit reports.

How many days does a credit card have to be overdue before it will be blacklisted

The maximum overdraft period for a credit card is 60 days. Any excess will be recorded.

According to the notice on the issuance of the "Credit Card Business Management Measures":

Article 18 The maximum overdraft period of a credit card is 60 days.

Article 19 Credit card overdraft interest will be calculated at a daily interest rate of 0.05% within 15 days from the date of signature or bank accounting date, and a daily interest rate of 10.00% for more than 15 days.

If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the daily interest rate will be calculated at 15/10,000. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.

The consequences of an overdue credit card are as follows:

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information:

According to the notice on the issuance of the "Credit Card Business Management Measures":

Article 37 After the cardholder pays off the principal and interest of the overdraft, The account can be canceled if one of the following circumstances applies:

(1) The cardholder does not replace the card with a new one 45 days after the credit card is valid;

(2) The credit card is reported lost after 45 days days later, does not have an additional card and does not change the card;

(3) The credit card is not good and is included in the stop payment list, and the issuing bank has withdrawn the credit card for 45 days;

(4) The cardholder dies for some reason and the card-issuing bank has withdrawn the credit card for 45 days;

(6) The credit card account has no transactions for more than two years (inclusive);

(7) The cardholder violates other regulations and the card-issuing bank believes that the card-issuing bank should be disqualified.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank.

The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee. The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc.

And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.

The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have an application A person's autograph.

Authorization

The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.

After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.

Use

Credit cards are usually only used by the cardholder himself. Lending them to others is generally a violation of the use contract.

Cancellation

Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

Clear funds

1. Submit the transaction form

The merchant will submit the transaction form or cash withdrawal order signed by the cardholder to our acquiring bank and conduct settlement with the acquiring bank , to recover the funds advanced.

2. Request payment

The acquiring bank deducts a certain handling fee when paying to the special merchant, and submits a payment request to the card-issuing bank with the acquiring bank. This process is accomplished by transmitting the charge file to the card issuing bank.

3. Payment

If the issuing bank has no objection to the transaction, it will pay the acquiring bank and share the business handling fee with the acquiring bank through withholding. Otherwise, it will enter the stage of chargeback or repayment, and it may even end up being submitted to a higher-level organization for adjudication.

4. Cardholder payment

The card issuer will issue a statement, that is, a payment notice, to the cardholder at the end of each month or on an agreed date. The cardholder shall confirm the information on the statement. After the transaction is confirmed, pay the corresponding amount to the card issuing bank.

Baidu Encyclopedia - Credit Card

That’s it for the introduction of the credit card blacklist cycle.