1. Generally speaking, when a credit card fails to repay on time, the bank has a three-day grace period. If the credit card money is still not repaid during the grace period, the bank will call to urge it, and if it still fails to repay, it will cause more serious consequences;

2. Affect personal credit. When personal credit information is tainted, it is very difficult to apply for a loan or apply for a card in the future, because personal credit will be negatively affected because it is not repaid in full and on time;

3. High penalty interest and liquidated damages. Overdue credit cards will generate penalty interest and liquidated damages, and this fee will increase every day. With the increase of overdue time, the fees charged by banks are also increasing, and they are calculated by compound interest, which will increase everyone's repayment pressure.

The overdue credit card will be prosecuted, and the process of overdue credit card prosecution:

1. After the credit card is overdue, the bank will first collect the overdue users for 3-6 months;

2. If the cardholder still fails to repay the loan after the dunning, there will be two situations: one is that the date of prosecution for bad debts is to be determined, and the other is that materials are to be submitted for prosecution;

3. After receiving the litigation request from the bank, the court will investigate the truth. If the court can determine that the cardholder has been in arrears for a long time after investigation, the court will ask the bank for the cardholder's personal information;

4. The bank needs to prepare the litigation materials and then submit them to the court;

5. After receiving the litigation materials from the bank, the court will usually conduct examination and approval within 7 days. If the court accepts the case after examination and approval, it will issue a summons and litigation materials to overdue users;

6. After receiving the summons, the cardholder can apply for out-of-court mediation with the bank to negotiate the repayment. If the negotiation fails, the case will be tried, the court will open and the judgment will be made;

7. After the civil adjudication, if the overdue user still fails to repay the loan within the time limit stipulated in the judgment, the bank has the right to apply for compulsory execution;

8. When accepting enforcement, the court will inquire about the real estate, car products, securities and deposits in its own name according to law;

9. If I refuse to carry out the effective judgment of the court, I will be restricted from flying, high-speed rail, high consumption and entry and exit, and may even be detained in judicial custody for 7-15 days.

Legal basis: Article 69 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks

Credit card collection letters should fully disclose the following basic information to cardholders: cardholder's name and balance, collection reasons and relevant laws and regulations, relevant rights and obligations of cardholders, ways to inquire about account status, repayment, raise objections and provide relevant evidence, contact information of issuing banks, official seals of relevant businesses, and other contents stipulated by regulatory authorities.

when the issuing bank receives the cardholder's objection to credit card collection, it shall make comments on the relevant credit card accounts in time and carry out verification and handling.

Article 7

Under special circumstances, if it is confirmed that the amount owed by the credit card exceeds the repayment ability of the cardholder and the cardholder is still willing to repay, the issuing bank can negotiate with the cardholder on an equal footing and reach a personalized installment repayment agreement. The longest term of personalized installment repayment agreement shall not exceed 5 years.

The contents of personalized installment repayment agreement shall at least include:

(1) the balance, structure and currency of arrears;

(2) repayment period, method, currency, date and repayment amount in each installment;

(3) whether the annual fee, interest and other expenses are collected during the repayment period;

(4) the cardholder shall not apply for a credit card commitment from any bank before all the relevant funds in the personalized installment repayment agreement have been settled;

(5) rights and obligations of both parties and liabilities for breach of contract;

(6) Other matters related to repayment.

if both parties reach an agreement and sign an installment repayment agreement, the card-issuing bank and its card-issuing service institution shall stop the collection of the cardholder, unless the cardholder fails to perform the installment repayment agreement. If an oral repayment agreement is reached, the issuing bank must keep the recorded data. Recording materials shall be kept at least until the date of settlement of arrears.