Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
When using a credit card, some friends can't pay off their debts when they repay, which leads to overdue. However, some friends think that it doesn't matter if the credit card is overdue, just because the credit information has deteriorated. Anyway, they don't need a loan to buy a house or a car in the future, and they can delay it for one day. Even if they sue, they can avoid going to court. In fact, these ideas are all wrong.
These three consequences of overdue credit cards are unacceptable to many people!
First, overdue for a long time will become a black account. At this time, bank credit cards, loans and other businesses can not be carried out.
Second: overdue fines and penalty interest continue to accumulate. Once the credit card is overdue, the interest-free period disappears, and you must bear the corresponding penalty interest. Not only that, with the increase of overdue time, overdue fines and penalty interest will continue to accumulate, and in the end, there will be more and more.
Third: if you are in arrears for a long time, you will face corresponding legal responsibilities if you are sued by the bank. If it is judged by the bank as malicious overdraft or credit card fraud, it will be investigated for criminal responsibility according to law.
After the credit card is overdue, even if the bank does not take the initiative to collect it, it should contact the bank quickly, make the situation clear at the first time, pay off the arrears and minimize the loss.