Overdue refers to exceeding the repayment time, generally referring to banks, loan companies, etc. Overdue will generate interest and credit information, and serious will be prosecuted and imprisoned by the court.

The consequences of overdue credit cards are as follows:

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

Extended data

Through legislation, commercial banks and other credit information providers are required to inform enterprises or individuals in advance when reporting bad credit information to credit reporting agencies to ensure the accuracy of credit information.

On the one hand, it is conducive to improving the legitimacy of the credit investigation procedure, on the other hand, it is also conducive to reducing the social costs afterwards, including litigation costs. As operators, banks should bear more social responsibilities and remind credit risks. Before providing bad records to the credit information system, a bona fide confirmation system shall be established, and the parties concerned shall be informed in writing in time, and the opportunities and channels for the parties to raise objections and defend themselves shall be provided.

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