If a Shanghai Pudong Development Bank credit card is overdue for two consecutive months and ten days after being called by bank staff, successful repayment in a timely manner is not considered malicious overdue. But if there is no repayment for two months overdue, the bank will think that the cardholder has maliciously overdue the card and deliberately defaulted.

1. Consequences of malicious credit card default

Malicious credit card default will cause the credit card to be frozen. If a cardholder defaults on a credit card and maliciously fails to repay it, the bank may reduce your credit card limit, or more seriously, freeze your credit card account and seal the card. Even if you have money in the future and pay back the credit card, the bank may freeze your credit card account and block the card. If you are in arrears, it is basically impossible to apply for a credit card again. Malicious credit card defaults will result in penalty interest and late fees. If a cardholder defaults on a credit card due to inability to repay, the credit card will be overdue, resulting in high penalty interest and late fees, which will increase the cardholder's financial burden. The proportion of late payment fees is uniformly stipulated by the People's Bank of China, which is 5% of the unpaid portion of the minimum repayment amount; the overdue interest is 0.05% daily, compound interest is calculated on a monthly basis; do the math, this is a considerable expense, so It’s really important to pay off your balance on time.

2. May face prosecution

Malicious credit card arrears may face litigation. If the credit card has been maliciously unpaid, has been overdue for more than three consecutive months, or has been overdue more than 6 times in total, If the bank effectively collects debt more than twice and the cardholder still fails to repay, the bank can sue the cardholder. If the cardholder's overdue amount is more than 50,000 yuan, he may face jail time. If it is less than 50,000 yuan, he may be subject to enforcement. If he refuses to repay, he will be classified as a "dishonest executor" and become a "dishonest executor". What we usually call "lao Lai" eventually become a gangster, affecting their future lives.

If you do not repay the money you owe to your bank credit card, it will have a huge impact on you and your family. Therefore, please spend rationally, use your card regularly, and avoid overdue credit cards that may affect your personal credit report.