Consequences of overdue payment

1. Liquidated damages are incurred, which are generally 5% of the minimum repayment amount and the unpaid portion.

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 "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks":

Article 92

Commercial banks shall Classified management of credit card risk assets is implemented. The classification standards are as follows:?

(1) Normal category: The cardholder can repay the dues in full before (and including) the due repayment date in accordance with the pre-agreed repayment rules. payment. ?

(2) Category of concern: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days is between 1 and 90 days (inclusive). ?

(3) Sub-category: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days is 91-120 days (inclusive).

(4) Suspicious category: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days is 121-180 days (inclusive). ?

(5) Loss category: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days exceeds 180 days. Under the premise that the business system can support it, the classification operation is legal and compliant, and the classification method and data calculation method have been approved by the China Banking Regulatory Commission and its relevant dispatched agencies.

Encourage commercial banks to adopt more prudent credit card asset classification standards, continue to pay attention to and regularly compare important risk management indicators related to reserve accrual, risk asset measurement and other aspects, and take corresponding measures Risk control measures.

Article 93

Commercial banks shall establish and improve credit card business operational risk prevention and control systems and emergency plans to effectively prevent operational risks. The following risk assets should be directly included in the corresponding categories:?

(1) Risk assets caused by cardholders applying for and using credit cards through fraudulent means, once confirmed, should be directly included in the doubtful or loss category . ?

(2) Risk assets caused by internal crimes or internal and external collusion should be directly included in the doubtful or loss category. ?

(3) Risk assets caused by system failures and operational errors should be directly included in the doubtful or loss category. ?

(4) Risk assets that have not yet been repaid after signing a personalized installment repayment agreement should be directly included in the substandard or doubtful category.

Baidu Encyclopedia-Credit Card