1. Is there a penalty for overdue credit card?

First of all, we need to understand why there are liquidated damages. There are usually two situations, one is that the credit card repays in advance by installment, and the other is that the credit card does not repay on time.

1, prepayment by credit card installment.

Many banks have adjusted the charging standard of credit card prepayment, and changed the remaining installment fee to 3% of the unpaid principal as liquidated damages. If the prepayment is deducted from the liquidated damages, it is not overdue.

2. The credit card is not repaid on time.

If the repayment is not made on time, it will be overdue, and the bank will charge a penalty of less than 5% of the unpaid amount, which will be included in the minimum repayment amount of the next bill. Note that liquidated damages are a punishment for the cardholder's failure to repay in time, so there is no such thing as withholding money, and it is not overdue.

Second, how to eliminate the overdue penalty interest of credit cards?

Take the initiative to repay, take the initiative to contact the bank, explain your wishes, and see if it is possible to eliminate overdue liquidated damages.

If the cardholder's credit card is overdue for some special reasons, such as illness, unemployment, etc., don't worry too much. The cardholder only needs to contact the bank in time to show that he has no malice, explain the cause and effect of his overdue, and then apply for deferred repayment. Under normal circumstances, the bank will agree to cancel the liquidated damages.

You card friends need to pay attention to a small detail, that is, after the credit card is overdue, the bank staff will tell you that there is a penalty. Those who fail to fulfill the obligation to inform have the right to apply for cancellation of liquidated damages.

3. Does credit card penalty interest affect personal credit information?

Credit card liquidated damages will definitely affect personal credit information, and the main impacts are as follows:

1. After the credit card expires, the most obvious situation is that it will have a joint impact on the credit cards and loans of other banks, such as directly affecting the credit card quota of other banks.

2. After the bank discovers that the customer has breached the contract, it will take a series of risk control measures such as collection, letter dropping and card sealing to urge the cardholder to return.

3. After the penalty interest is charged, the bank will report the overdue record of the credit card to the credit information system of the People's Bank of China, and track the cardholder for five years (note that the five years shall be subject to settlement).

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