1. When the contract is terminated, the previous arrears need to be settled: after applying for personalized installment, if the user fails to repay the loan on time, the lending institution will assume that the lender is unwilling or unable to repay the loan. In this case, the previously agreed personalized analysis agreement will be forcibly terminated, and the lender will be required to repay all the arrears in one lump sum.

2. Being sued: When the repayment amount of the user's personalized installment agreement is large, which leads to the second overdue, the lender is very likely to take the debtor to court, and the borrower will face litigation risks at this time. If the lending company wins the case, the customer will not only pay off all the debts at one time, but also be frozen or even auction the property to pay off the debts.

3. Credit damage: If it is overdue after personalized installment, there will be many overdue records in the credit record.

Generally speaking, the longer the overdue period, the more serious the consequences. Not only will there be more and more penalty interest, but it will also affect personal credit information and have some impact on users' lives. Therefore, users are advised not to overdue repayment.

Can I reissue my credit card after the second negotiation?

If the second negotiation is overdue, it can't be made up. This means that the bank will no longer negotiate with the cardholder, and the previously negotiated content will be invalid. At this time, the cardholder will be chased for money, and the interest of the credit card will be calculated normally in the face of being collected again.