Harm of overdue payment of credit card arrears:

1. The card-issuing bank will charge compound interest and impose a late fee from the day of consumption

At present, the daily interest rate of credit card overdraft is .5 ‰ (the annual interest rate is close to 18%). Although the late fee collection rates of different banks are different, the ratio is not low. If the cardholder fails to pay back after a long period of time, the card-issuing bank will charge back.

Second, it will affect personal credit information

Since p>26, the People's Bank of China has started to upgrade and improve the personal credit information database. Now all banks across the country have made online inquiries. If cardholders or borrowers maliciously default on money, overdraw, and have bad repayment records, they will be recorded in the database. At that time, if the customer wants to borrow money to buy a house, buy a car or handle other credit cards, it is very likely that the banks will collectively refuse the loan as a "stain".

3. If the bank fails to repay the loan after repeated collection, it may be sued or even jailed.

If the cardholder maliciously overdraws and fails to repay the loan within the time limit, it will inevitably endanger the credit asset quality of the issuing bank. For the sake of preserving assets, banks are bound to use all means to persuade or even oppress cardholders to return overdraft principal and interest. If the cardholder refuses to return it, he will receive continuous collection calls, text messages and letters from the issuing bank or its agency, and will also be visited by the collection agency. The life and work of the cardholder and his family will be disturbed because of his default. If the amount of default is huge and the circumstances are serious, the cardholder may be sued in court.

so you have the responsibility to bear the loss; If it is not my consumption, you need to provide evidence of theft.