Credit card overdue for 30 days

If the credit card is overdue for 30 days, the impact will be more serious. Because if you are overdue for 30 days, it will basically be reported to the central bank's credit reporting system, which will have a very bad impact on your personal credit and will not be conducive to future card applications and loans.

Credit card overdue for 90 days

If a credit card is overdue for 90 days, the impact will be quite serious. Not only will the penalty interest be compounded monthly, but a bad credit record will be left on the credit report, and the bank will You also have the right to sue. Once the bank files a lawsuit in court, in addition to facing civil penalties, you may also be included in the blacklist of dishonest persons by the court, which will have a great impact on your life. And if you are 90 days overdue, you will have to face constant collections, and your life will definitely be disrupted.

Overdue for more than 90 days

If overdue for more than 90 days, the consequences will be:

Credit stain: Since commercial banks have access The central bank's credit reporting system, so as long as an individual has credit transactions with a bank, his or her credit status will be included in the personal credit reporting report.

It will be very difficult to apply for a loan later. Before accepting the loan application, the bank will first check the borrower's credit report. If it is found that the borrower has been overdue more than three times in a row or more than six times in total in the past two years, the loan will be rejected. .

High penalty interest: After the credit card is overdue, the card issuer will not only charge penalty interest, but also charge late fees. Taking the China Merchants Bank credit card as an example, its overdue interest calculation method is: the number of days from the recording date of each account to the date the account is paid off is the interest accrual rate, and the daily interest rate is 5/10,000.

The charging standard for late payment fees is: calculated as 5% of the unpaid portion of the minimum repayment amount, with a minimum of 10 yuan (RMB).

Being sued by the bank: If the cardholder is overdue for a large amount and for a long time, the bank will regard the cardholder as maliciously overdue. If the cardholder still fails to repay the card after multiple collections, the bank will file a lawsuit.