Overdue repayment of credit card refers to the situation that the final repayment period stipulated by the bank is exceeded and the consumption money is not deposited into the designated account in full and on time. According to the analysis of relevant data, most of the cases causing bad credit records are overdue records caused by credit card overdraft consumption not being repaid on time; The mortgage loan is not repaid on schedule, resulting in overdue records; After the interest rates of mortgages, consumer loans and other loans are raised, the "monthly payment" is still paid according to the original amount, and the interest owed is overdue.
Generally speaking, one overdue credit card will not affect the loan, but serious overdue will affect the application for mortgage and car loan. Individual banks may require customers to provide mortgages and guarantees, or they may reduce the loan amount, raise the loan interest rate, or even refuse loans. Therefore, remind the public that in addition to timely and full repayment after borrowing, they should also develop the habit of regularly checking their credit records. At the same time, don't think that closing the account immediately after repayment can clear the stain. On the contrary, at this time, the account cancellation will also lose the opportunity to repair the overdue repayment record.
The correct way is to use this credit card normally after the stain occurs, spend more, repay in full and on time, and constantly repair the credit. Because banks judge a person's credit status, the focus is on recent credit transactions. If the repayment is overdue only occasionally, it will be repaid in full and on time, which has little impact on personal credit.
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Precautions for overdue credit cards:
Cardholders should pay special attention to the last repayment date of credit cards. The last repayment date is the last day of the interest-free repayment period. Before that, the repayment is interest-free. Overdue, all consumption funds will no longer enjoy interest-free repayment treatment. The bank will calculate the interest on a daily basis with the consumption amount as the principal, with a daily interest rate of 0.5 ‰, compound interest every month and a late fee.
Credit card late fee means that when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount, the cardholder needs to pay late fee for the unpaid part of the minimum repayment amount, which is generally 5% of the unpaid part of the minimum repayment amount. However, due to different bank policies, the minimum amount set is not the same.
People who have no economic income, such as students, should not apply for credit cards easily. Even if you don't use a credit card, you have to bear the annual fee and other items. Credit card holders give up the use of credit cards and go through the formalities of card withdrawal in time. Otherwise, the expenditure of credit cards and the interest and late payment fees generated in the later period will lead to personal economic losses and credit reduction, which will affect mortgage and car loans.