The overdue credit card itself has no influence on children's schooling, and every citizen has the right to enjoy compulsory education according to law. However, if the credit card fails to repay, if it is sued by the bank to the court, it may affect the children's schooling.
If the bank sues the cardholder to the court and the cardholder refuses to repay the loan, the bank may request the court to include the cardholder in the list of people who have been executed for breach of trust. Once the cardholder is included in the list of people who have been executed for breach of trust, it will be restricted from high consumption, prohibited from entering and leaving some high-consumption places, prohibited from taking the high-speed train by plane, and prohibited from attending private aristocratic schools. Here, everyone should pay attention to that it is a private aristocratic school and ordinary public schools can still attend normally.
Late repayment of credit cards will face the following consequences:
1. Late payment fee for credit cards. The so-called late payment fee for credit card refers to the fee that the cardholder should pay to the issuing bank in accordance with the regulations when the cardholder fails to repay before the due repayment date (inclusive) or the repayment amount is less than the minimum repayment amount.
2. overdue interest. After a user overdraws with a credit card, there is generally an interest-free repayment period ranging from more than 2 days to more than 5 days. If the cardholder's repayment is overdue, then all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the revolving daily interest rate is as high as five ten thousandths, that is, the annual interest rate will reach 18%.
3. Bad credit record. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records, and personal credit information records have been networked nationwide. As long as individual residents have handled lending business in banks, applied for credit cards, or provided guarantees for others, they can find credit reports in any domestic commercial bank.
4. litigation costs. If the credit card is not repaid for more than 3 months, the bank will ask the lawyer to send a lawyer's letter to the user and bring a lawsuit to the court, and the litigation expenses will be borne by the cardholder.