According to the information you provided, the credit card arrears are overdue for more than one year. The following is a detailed explanation:
1. overdue impact: overdue credit cards will have a negative impact on personal credit records, which may lead to a decline in credit rating and make it difficult to obtain new credit lines or loan opportunities.
2. Interest and late fees: overdue repayment of credit cards usually generates high interest and late fees, which makes the original arrears increase rapidly and increases the difficulty of repayment.
3. Collection measures: Banks or credit card issuers can take collection measures, such as telephone calls, text messages and letters. , and can report the overdue situation to the credit reporting agency.
To sum up, long-term overdue will seriously damage personal credit records, increase the debt burden, and may lead to legal disputes or other adverse consequences. It is suggested to contact the credit card issuer as soon as possible, communicate and make a reasonable repayment plan, pay off the arrears as soon as possible, and restore a good credit record.
Extended data:
The problem of overdue credit cards is quite common in China, and how to manage credit card funds reasonably is very important. Timely repayment of overdue funds can reduce unnecessary losses and consequences. In addition, understanding credit card usage rules, interest rates and other information is also the key to maintaining a good credit record.