1. What to do if the credit card balance is suddenly reduced and the balance is not enough?

If the credit card balance is suddenly reduced and the balance is not enough, the user can choose the minimum repayment or installment repayment . If you can't even make the minimum repayment or installment repayment, you can only choose to borrow money from relatives and friends to pay it off. After all, it is still in a non-overdue state, and users cannot apply for negotiated repayment in a non-overdue state. As long as the repayment is timely, the bank will regard the user as repaying the loan on time.

In addition, overdue credit cards will have more negative consequences. Users should try their best to repay on time to avoid overdue payments.

2. What are the consequences of an overdue credit card?

Overdue repayment will result in credit card penalty interest. The interest is charged at 0.5% of the daily interest rate, which is very costly; in addition, there will be A late payment fee is incurred, which is usually 5% of the overdue amount. Not only that, the most troublesome thing is the bad personal credit record caused by overdue credit. Once a personal bad credit record occurs, it will first affect your loan application.

Generally, credit card overdue repayments do not exceed 3 times. You can apply for a credit card but the limit is very small. You can also get a loan, but the interest rate is very high. However, if you overdue repayments more than 6 times or fail to repay once, it will be a problem. If you are included in the blacklist of the People's Bank of China's personal credit reporting system, you will not be able to apply for credit cards or loans if you are on the blacklist.

If it is a malicious overdraft of a bank card, it is a crime! "Malicious overdraft" means that the cardholder overdrafts beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and after two collections by the card-issuing bank, it exceeds three If the money is not repaid within a month, malicious overdraft is a criminal act of credit card fraud. A malicious overdraft of more than 5,000 yuan on a credit card constitutes the crime of credit card fraud and may be sentenced to a fixed-term prison sentence of less than 3 years; a malicious overdraft of 50,000 yuan to 200,000 yuan is considered a huge amount and may be sentenced to 5 to 10 years in prison; 200,000 yuan If the amount exceeds 100 yuan, the amount is extremely large, and the prison term is more than 10 years.

3. How long does it take for a credit card to be overdue for collection?

Generally, it is 7 to 15 days overdue. The bank will consider it as an accidental forgetting, and will usually use text messages as its main reminder function. Telephone collections are mainly for overdue behaviors that are more than 30 days and more than one billing period. If you don't care about sending text messages, the bank will call to remind you of repayment.

Door-to-door collection is mainly for overdue items that are more than 90 days old. The bank will arrange collection personnel to visit the cardholder’s residence or work address to collect repayment. If a credit card payment is overdue for more than six months, the bank will apply to the court and require the cardholder to be sued for repayment. If the repayment is overdue for more than one year, the bank will package the overdue funds, give them to an outsourced collection company at a discount, and hand them over to a dedicated person to collect the overdue debt.

If the card holder is unable to repay the loan in full on time due to temporary financial difficulties, he cannot leave it alone. He can actively contact the bank to negotiate a repayment plan acceptable to both parties, or he can borrow money from relatives and friends and repay it first. Credit card, if the card holder fails to repay on time, it will be overdue. Once overdue, the personal credit will be affected, and you will not be able to apply for loans in the future.