Overdue credit cards will not affect your children’s schooling. Overdue credit cards will not affect your children's schooling, because the credit report is an individual credit report, not a family one. Unless the cardholder becomes a dishonest person due to an overdue credit card, the child will be restricted from attending school. If your overdue situation is quite serious, or even serious enough to be sued by the bank and included in the list of dishonest persons by the court, then If your child attends a private school, it may still be affected. But it will have no impact at all if a child goes to a public school. After all, every citizen has the right to education.

So it is recommended that everyone try to avoid overdue credit cards. If you really can't pay, you can negotiate with the bank.

What are the consequences of an overdue credit card?

1. Late payment fees on credit cards. The so-called late payment fees for credit cards refer to the fees that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount.

2. Overdue interest. After a user uses a credit card to overdraft, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder repays overdue, all the expenses of the cardholder last month will no longer enjoy the bank's interest-free payment. treatment, and the recurring daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18.

3. Bad credit record. Overdue credit card repayment records will be entered into the central bank's credit reporting system to generate bad credit records. Personal credit reporting records have been networked nationwide. As long as residents have handled loan business at banks, applied for credit cards, or provided guarantees for others, then You can check your credit report at any domestic commercial bank.

4. Litigation costs. If the credit card is not repaid for more than three months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit in court. The litigation costs will be borne by the cardholder.