1. Credit record damage: overdue repayment will lead to personal credit record damage. Banks will submit overdue records to credit reporting agencies, which will reduce personal credit rating and may encounter difficulties in applying for other credit products in the future.
2. High penalty interest and late fee: During the overdue period, the bank will charge high penalty interest and late fee according to the interest rate agreed in the contract. Such accumulated expenses will further increase the debt and make it difficult to repay.
3. Legal recourse risk: In case of serious overdue, the bank can take legal recourse. Banks can apply to the court for enforcement, and recover overdue debts by freezing bank accounts, sealing up property and other measures.
To sum up, the consequences of credit card arrears overdue for half a year include credit record damage, high penalty interest and late payment fees, and possible legal recovery risks. In order to avoid the above consequences, it is suggested to consult the bank or credit card issuing bank in time, make a repayment plan and repay the arrears as soon as possible.
Extended data:
According to China's relevant laws and regulations, banks have the right to take legal measures to recover overdue debts. Relevant laws specifically stipulate various debt recovery procedures and measures to protect the rights and interests of creditors. However, in order to avoid legal disputes and bad credit records, it is suggested to make a reasonable repayment plan by actively communicating with banks and strive for timely repayment.
Please note that the above answers are only general and do not represent the results of specific cases. The specific situation will be affected by the credit card issuing bank, contract agreement and legal provisions. I suggest you consult the credit card issuer or related professionals for professional advice and help.