1. Credit record damage: overdue repayment will seriously affect the cardholder's personal credit record and will be recorded in the personal credit report. Damage to credit records will adversely affect important financial transactions such as credit loans, house purchase and car purchase in the future.
2. Interest and liquidated damages: overdue repayment will generate high interest and liquidated damages. The bank will calculate interest and liquidated damages according to the number of days overdue and the amount owed. The longer the overdue period, the greater the amount owed, and the more interest and liquidated damages will be generated.
3. Legal recourse: Banks have the right to recover overdue funds through legal channels. China Merchants Bank can take litigation, enforcement and other means to recover overdue funds, and apply to the court to limit the credit of overdue people.
To sum up, the credit card of China Merchants Bank is overdue for three months to 36,000 yuan, which will lead to the damage of credit records, high interest and fines, and may face legal recourse. Therefore, cardholders should pay off their debts in time to avoid the adverse consequences caused by overdue repayment.
Extended data:
According to China's relevant laws and regulations, after overdue repayment, banking institutions have the right to take a series of measures to recover overdue funds. In addition to the above-mentioned interest, fines and legal recovery, banks can also take the following measures: notify units, families or social organizations, law firms, etc. Recover debts from overdue persons; Personal information of overdue personnel is included in the list of dishonesty, which leads to the deterioration of credit status; Refusing to provide loans, credit cards and other financial services to overdue personnel; Apply to the court to freeze the overdue person's bank account, salary income and other property; Apply to the court to enforce overdue property, etc.
It is worth reminding that the above consequences are generally handled, and the specific consequences and measures may be different due to personal credit records, overdue amounts, bank policies, etc. In order to avoid the above consequences, cardholders should develop good repayment habits and ensure timely repayment. In addition, if you encounter temporary difficulties and can't repay in time, you should contact the bank in time and seek a solution through consultation.