Nowadays, most people have entered the advanced consumption mode, but the money swiped out on credit cards will have to be repaid sooner or later. When we fail to repay on time due to busy work or other reasons, it will bring about a series of problems. question. So what should I do if my credit card is overdue? What are the consequences?

What to do if your credit card expires

1. It is best to continue to use this card

After it expires, the best way is to continue to use this card and use a new one. The normal repayment record will overwrite the original negative record. Generally, a new credit record will be generated after 24 months, so that personal credit, etc. will not be affected after the record is refreshed.

2. Don’t run away

If you are overdue for a long time, your credit card will earn compound interest and there will be high late payment fees. If you run away, the bank will think that you are maliciously overdrafting and will call the police.

3. Inability to repay must be explained in time

If you are unable to repay on time due to unemployment or illness, state your financial situation and declare that you are not malicious before the final repayment deadline. If you owe money, you can apply for delayed repayment and interest discounts.

4. It is best to repay the loan in full and explain

If it is overdue, you should immediately call the bank service number to explain that the debt is not malicious and pay the debt in time.

Under normal circumstances, banks will have a grace period of 3 days. Once a cardholder finds that his credit card is overdue, he must deal with it immediately to avoid leaving a bad record.

Consequences of overdue credit cards

1. Pay late fees for credit card overdue fees. When the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount, he must pay the agreed late payment fee to the card-issuing bank in accordance with the contract.

2. Overdue interest will be incurred. After users use a credit card to overdraft, they generally have an interest-free repayment period ranging from more than 20 days to more than 50 days. If this period is exceeded, corresponding overdue interest must be paid.

3. Affect personal credit. Overdue credit card repayment records will enter the central bank's credit reporting system to generate bad credit records. Bad credit reporting will not only affect future housing and car loans, but also affect travel and employment...

4. Criminal liability. If the crime of credit card fraud is constituted, the person will face a fixed-term imprisonment of not more than 5 years, not less than 5 years, not more than 10 years, not less than 10 years, or life imprisonment, and a fine of not less than 20,000 yuan but not more than 200,000 yuan, and not less than 50,000 yuan but not more than 500,000 yuan, or confiscation. property.

Whoever interferes with credit card management under any of the following circumstances shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or solely be fined not less than 10,000 yuan but not more than 100,000 yuan, if the amount is huge or there are other serious circumstances. , shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan:

(1) Knowingly holding or transporting a credit card that is a forgery, or knowingly knowing that it is a forgery Holding and transporting blank credit cards in large quantities

(2) Illegally holding other people’s credit cards in large quantities

(3) Using false identity certificates to fraudulently obtain them Credit card

(4) Selling, buying, or providing others with forged credit cards or credit cards obtained fraudulently with false identification.