1. Does the court support the compound interest on credit card overdraft interest?

No, credit card and online loan are different. The interest of credit card is a bottle that is not half full. That way, no matter how much your interest exceeds, you won't be able to save much or even a penny when negotiating the final repayment. If you can't pay off your credit card, you can apply for installment payment. If you can't pay back the installment payment, you can still pay it back again. installment.

2. What will happen if the credit card is overdue and sued

1. The bank’s continuous reminders

(1) When the borrower repays overdue, The bank's credit card customer service center will first make multiple phone calls;

(2) If the payment is still outstanding, the bank will entrust a third party to collect, usually through continuous phone calls, text messages, or even door-to-door collection;

(3) If the loan is not repaid after repeated calls, the bank will sue the court.

2. Being sued by the bank and unable to apply for a loan

The cardholder will be added to the credit blacklist and unable to apply for a loan. The court will collect collection. After receiving the court summons, after investigation and Persuade and urge repayment, but if the cardholder refuses to repay, the court can take enforcement action; subsequently, the court will liquidate the cardholder's assets to repay the card debt and freeze the relevant property.

3. Malicious default will lead to imprisonment and fines

(1) A credit card overdue for three months can be considered a malicious overdraft penalty, but if you communicate with the bank in advance, you can prove Depending on your repayment ability and repayment plan, you will generally not face criminal liability.

(2) However, the court ruled that cardholders who still do not return may face consequences of three years in prison and fines in serious cases, and particularly serious cases will face a longer term of three to seven years in prison. and pay fines.

3. What are the consequences of not paying back your credit card overdue?

1. A bad credit record;

2. Interest: calculated at 50,000 per day;

3. Late payment fees: Generally calculated as 5% of the unpaid portion of the minimum repayment amount (depending on the regulations of each bank);

4. Malicious credit card overdrafts may also face criminal penalties;

5. Being blacklisted by the bank.

In special circumstances, you can click the consultation button on the right. The website provides professional lawyers to answer questions and help you solve your repayment problems so that you can return to your normal life.