the consequences of overdue card use are very serious!

consequence 1: high penalty interest

the first thing is to pay a late fee. The late payment fee refers to the fact that the cardholder has to pay the late payment fee for the unpaid part of the minimum repayment amount when the actual repayment amount on the due repayment date of the credit card is lower than the minimum repayment amount. The calculation method is 5% of the unpaid part of the minimum repayment amount.

secondly, the cardholder has to bear a high penalty interest. At present, except for ICBC, all other banks have a full penalty interest. Full penalty interest means that even if the customer repays part of the money, the repayment part is not deducted when calculating the penalty interest, and the interest expense is usually calculated at five ten thousandths of the daily interest rate.

finally, if you don't repay the loan for one month, your credit card late payment fee and penalty interest will be rolled into the next month's bill, so you will only owe more and more!

Consequence 2: Impact on Personal Credit Information

Overdue credit cards will be recorded in your personal credit information, and personal credit information will have an impact on your future credit card application and loan application. If you have been blacklisted by the bank for overdue, you will no longer be able to apply for this bank credit card.

If the credit card is overdue for no more than three times in a row and no more than six times in total within two years, it will not have a great impact on your mortgage application. However, it should be noted that the amount should not exceed that of 1 yuan, and the overdue time should not exceed 9 days each time. Once it exceeds 9 days, the bank will consider it as malicious overdue.

Consequence III: Being sued by the bank

If you have maliciously overdrawn your credit card for more than 9 days, the bank can sue you. And many bank credit card centers hand over the credit card repayment collection work to "debt collection companies", and they will go directly to the cardholder's residence or even their hometown to collect debts!

Credit card withdrawal:

1. Personal credit can be accumulated slowly in normal use, such as spending more, applying for installment or withdrawing cash, which can bring benefits to banks, and it is easier to increase the credit limit;

2. Proof materials of good economic strength can be provided, such as a copy of real estate license and a copy of automobile driving license; Copy of bank loan account or deposit certificate.

the premise of the withdrawal is a good credit record.