How to remedy a credit card that is overdue for more than 90 days

If a credit card is overdue for more than 90 days, you can remedy it in the following ways:

1. Pay off the balance as soon as possible: Pay off overdue balances immediately, including principal and interest, to reduce the impact of overdue payments on your credit history.

2. Communication and negotiation: Contact the bank to explain the situation and propose a repayment plan. The bank may consider working out a flexible repayment arrangement for you to help you pay off your balance over time.

3. Re-establish credit: After overdue payment, take active measures to re-establish credit. You can improve your credit rating by repaying your debt on time, controlling your consumption, and maintaining a good credit record.

What will happen if the credit card is overdue within 90 days?

If the credit card is overdue within 90 days, the following is what may happen:

1. Collection Notice: Bank Overdue payments will be collected through phone calls, text messages, letters, etc.

2. Overdue fees: In addition to paying principal and interest, you may also need to pay overdue fees. The specific amount is determined according to bank policies.

3. Impact on credit records: Overdue records will be reported to credit agencies by banks, which may have a negative impact on personal credit ratings, thereby affecting subsequent loans, credit card applications, etc.

4. Limit credit limits and usage: Banks may reduce or limit credit limits for overdue individuals, and may suspend or close credit card accounts.

Summary:

If your credit card is overdue for more than 90 days, you need to pay off the balance as soon as possible and negotiate with the bank to formulate a repayment plan. At the same time, it is important to re-establish a good credit history. For credit cards that are overdue within 90 days, the bank will remind you through a collection notice, charge overdue fees, and report it to the credit agency, which may have a negative impact on the credit rating and may limit the credit limit and use.

Extended information:

According to relevant Chinese laws and regulations, overdue credit cards will have an impact on personal credit records. The People's Bank of China's personal credit information basic database records personal loans, credit cards, guarantees and other past credit information. Overdue credit records will cause bad records. If you are overdue for more than 90 days, you will be included in the "bad credit record", which will have a serious impact on your personal credit rating and financial activities such as loans and credit cards. Therefore, it is very important to pay off overdue credit card payments in a timely manner to avoid negative impact on personal credit.