It is basically impossible to unfreeze the freeze caused by overdue payment. Even if the debt has been paid off, the credit card can only be canceled at this time because you have been listed as a prohibited customer by the bank. Bad records from the Credit Information Center of the People's Bank of China are deleted after five years. They cannot be deleted manually and will not be overwritten.

As long as a credit card is overdue once, it will produce a bad credit record. No matter how long the overdue period is, it will definitely be recorded in the personal credit information system under the central bank. Overdue credit card refers to failure to repay the minimum payment amount shown on the bank statement before the due date. Not only does it require interest and late payment fees, but it also affects your personal credit record.

The consequences of an overdue credit card:

1. Penalty interest

If a credit card is overdue, penalty interest will accrue, and the interest will be calculated in full, and the daily interest rate will be extremely high. Five. For example, if your credit card is overdue for 5,000 yuan and the number of overdue days is 30 days, the penalty interest is 5,000 × 0.05% × 30 = 75 yuan.

In addition, in addition to interest, overdue penalties will also result in liquidated damages. Different banks have different charging standards for liquidated damages. Generally speaking, most banks’ credit card liquidated damages charging standards are basically set as 5% of the unpaid minimum payment amount.

2. Bad credit report

We know that overdue is a kind of dishonesty. Once a credit card is overdue, the bank will report the overdue record to the central bank's personal credit report. The overdue record It will be retained on the personal credit report for five years. During this period, when applying for a bank loan, you may encounter high interest rates, small loan amounts, or even the loan application is directly rejected by the bank.

In addition, for those whose overdue circumstances are particularly serious, their travel will also be affected. They will not be able to fly, high-speed rail, stay in hotels, or use mobile phones to make overdraft purchases. Their children will not be able to attend key schools, and it will be difficult to move forward without trust.

3. Incurring criminal liability

We know that credit card debts are protected by law. If the cardholder maliciously overdrafts and fails to repay overdue payments, he is suspected of credit card fraud and will be liable. Being punished by law and facing jail time.

Penalty depends on the circumstances of the overdue crime. The more serious the circumstances, the heavier the penalty. Those with particularly large overdue amounts may even be sentenced to life imprisonment.

4. Credit card has been reduced or blocked

Banks are the ones who suffer the most when cardholders are overdue. In order to reduce losses, banks will generally reduce the credit card limit of cardholders, or even It is possible to block the card directly. Once your credit card limit is reduced or blocked, it will be difficult to increase or unblock it.