1. What are the consequences of overdue credit cards?

Banks generally have a grace period of about 3 days. If it is only a short period of time, there will be no impact. However, after the expiration date, you will no longer enjoy the interest-free period. Based on the consumption bill, interest of 0.05% will be generated every day, and compound interest will be calculated on a monthly basis. Furthermore, after the credit card is overdue and reported to the credit report, it will cause a credit stain on the personal credit report, which will be retained for 5 years after the debt is paid off before it can be eliminated.

When banks review applicants’ loan qualifications, they may be rejected due to bad credit. If you don't pay back the money you owe, or you have money but don't fulfill your repayment responsibilities, and you are sued by the bank in court, you may also be included in the list of dishonest persons for execution, which will affect your daily life and you will not be able to engage in high-consumption activities or even take the high-speed rail. Or airplane, etc.

2. What are the consequences of a serious overdue credit card?

The first is the long-term interest compounding, which brings high liquidated damages and interest; the second is the impact on credit reporting, which is If the bank blacklists you, you will no longer be able to apply for any credit services; then there will be high-frequency collections, and your credit card will be frozen or even blocked; if the overdue period is large or exceeds three months, you will be prosecuted by the bank for credit card fraud.

The worst result in the end is to bear criminal liability. If you owe more than 50,000 yuan, illegally possess the credit card, and constitute a malicious overdraft, you will face a penalty of less than 5 years, more than 5 years, less than 10 years, and 10 years depending on the amount of the overdraft. A fixed-term imprisonment of not less than 2 years and not less than 20,000 yuan, and a fine of not less than 20,000 yuan but not more than 200,000 yuan, a fine of not less than 50,000 yuan but not more than 500,000 yuan, or confiscation of property.

3. How to negotiate with the bank to resolve an overdue credit card?

First of all, if you owe a small amount, there is no need to negotiate. You can just pay off the debt, and the credit report cannot be used anyway. Can recover independently. If the amount involved is large and you are temporarily unable to repay it, it will still be difficult to negotiate a personalized repayment plan with the bank. During the negotiation, in addition to a positive willingness to repay, you must also provide proof of financial difficulties.

In addition, the basis for negotiation is a stable long-term repayment ability. Otherwise, if the negotiated plan is given to you but you default for a second time, the trouble will be even greater. Calculate a repayment plan in advance that is acceptable to your financial ability. To obtain the approval of the bank, it is impossible to rely solely on words. Without a legitimate reason for overdraft, negotiation will also be difficult.

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.