Friends who have used credit cards should know that if the credit card debt is not repaid for a long time, it will not only affect your credit score, but the repayment amount will also increase over time.

For example, this man in Shenyang initially owed 200,000 yuan, but was arrested and imprisoned for a criminal case. During this period, he did not repay the loan, and the bank could not contact him. Naturally, this The man had to bear the interest independently, and the compound interest eventually reached 1.2 million.

In fact, we can also do the math:

According to the relevant regulations on credit card interest rates, the annual interest rate for credit card overdrafts is between 12.775-18.25, plus late payment fees, full penalty interest, etc. A series of "punishment" systems.

To put it simply, during the three years, although the man did not use the credit card, the credit card was burdened with all kinds of overdue repayments in the past three years. It is not surprising that these added up to 1.2 million.

And it is worth noting that the interest on credit cards is in the form of compound interest. Over time, credit cards are like a snowball, growing more and more, and the amount of money owed also increases.

The outcome of this matter

After knowing that he owed money, the man went to the local bank to explain the situation, and the bank also coordinated and finally reduced the repayment amount to 400,000. For this For a man, this is a great benefit.

Credit cards must be repaid regularly, otherwise you may not be able to repay them

In my opinion, credit cards are a double-edged sword. They can indeed solve urgent needs in life, but credit cards cannot be unlimited. If the overdraft is really paid off, you will eventually be unable to afford the huge repayment, just like the Shenyang man who obviously paid 200,000 yuan, but turned out to be more than 400,000 yuan.

In fact, there are many such examples in life, especially students, who should consume wisely.

In 2010, a Chengdu girl committed suicide by taking pesticide because she could not pay off her credit card.

In 2019, a Shanxi girl was overwhelmed by repayments, leaving a suicide note and jumping off a building.

In 2020, a woman in Hohhot was suspected of defaulting on her credit card and eventually committed suicide by jumping off a building.

The lessons of this life are undoubtedly telling us not to be dazzled by impulsive consumption. If you are able to repay it, you should also seek help from your family if you are unable to repay it. Don’t let this happen. Lost his life due to something.

What will be the consequences if the credit card is not paid overdue and how to deal with it?

If you are really facing such troubles, you might as well think of some solutions to resolve the crisis

1. Explain your own situation and don’t play missing

Overdue Also, the bank will remind the card owner through telephone collection or door-to-door collection. At this time, remember not to go missing, otherwise the consequences will be more serious. If it is really difficult, you can also explain the situation to the staff, such as unemployment, illness, etc., maybe The bank will arrange to postpone the repayment.

2. You can apply for interest-suspended installments

Interest-suspended installment means suspending interest and making repayments in installments. This can alleviate the repayment pressure to a certain extent, but it is not a foolproof solution, so you still need to hurry up. Repayment is the key.

3. Persist in repaying the loan and don’t stop renewing it

This is also very important. You must insist on repaying the loan and pay back as much as possible beyond your ability, so that you can give the bank a A good impression proves that you have been working hard to repay without suing yourself.

Write to the end

Many people use credit cards in life. Although credit cards are good, we must not let them become a financial burden to us.

You must know where the bottom line is. Otherwise, if you fail to pay, you will not only have to bear the pressure of the bank's daily debt collection, but you may also be sued in court, or even lose your credit and go to jail. This price is really not small. . Therefore, consumption should be limited and working hard to make money is the way to go.