1. If it is a quasi-credit card, the maximum overdraft period is 60 days. If it is not returned for more than 60 days, it will be regarded as overdue;

2. If it is a credit card, Failure to repay the minimum repayment amount before the due repayment date (inclusive) will be regarded as overdue. In addition to interest, corresponding liquidated damages will be incurred (liquidated damages = the unpaid portion of the minimum repayment amount × 5).

It is recommended that you make timely repayments before the repayment date or sign an automatic repayment agreement to avoid affecting your personal credit.

Extended information

The essence of a credit card is actually a personal credit loan product provided by a bank. Money owed to the bank must be repaid. If the credit card debt is not repaid, it will not only affect the individual Credit investigation will result in high penalty rates. In serious cases, the bank may sue you and bear the responsibility for the situation. Therefore, everyone must pay attention to maintaining a good repayment record after using a credit card.

Consequences of non-repayment on credit cards:

1. Poor personal credit report. If the credit card is not repaid, the cardholder will be overdue. Currently, most banks provide cardholders with a 3-day grace period for repayment. After the grace period is exceeded, overdue will occur, and the bank will upload the user's overdue record. Go to the central bank to check your credit, thus leaving a stain on the cardholder’s personal credit. Now is an era of credit. If there is a bad personal credit report, then later credit business will be affected.

2. Penalty interest will be generated. Credit cards can only enjoy the interest-free period if they repay on time within the specified period. Once the cardholder is overdue, the bank will charge overdue fees. Overdue interest is calculated on a daily basis. The longer the time, the higher the overdue interest.

3. Demanded by the bank. If your credit card is overdue, you will definitely face various collections from the bank. Generally, if the overdue time is within one month, the bank will remind the cardholder to repay through text messages, and occasionally will call for collection. When the overdue time reaches one month, the bank will The bank will make more frequent calls to collect debt. If the overdue period reaches 3 months, the bank may outsource the debt collection work to a third-party collection agency. At this time, debt collection calls will be very frequent, which may affect the normal life of credit card users.

4. Sued by the bank. If a credit card is not repaid overdue, the bank may sue the cardholder. According to relevant credit card laws, if the cardholder's overdue amount reaches 50,000 yuan and the cardholder still fails to repay the debt for more than 3 months after two bank collections, then the bank will It is possible to sue overdue users on the grounds of malicious overdraft. Once the court determines that the cardholder's malicious overdraft behavior is true, the credit card user will face situational liability.

5. Be included in the list of dishonest people. If the bank files a lawsuit and the cardholder refuses to repay the loan after the court's judgment, he may be included in the list of dishonest people, which is what everyone calls a bad guy. Once he becomes a bad guy, he will not only have no hope of getting a loan in the future, but even travel abroad. High-end purchases such as flying will be restricted.