There is no difference between the two. Credit card debt means that the credit card is overdue.

Being overdue on a credit card does not mean that you do not pay back the last payment date, but it means that you do not pay back until the bill date of the next month. Failure to repay overdue payments will affect your credit score and incur liquidated damages and interest. In serious cases, you will be sued by the court and imprisoned.

Consequences of credit card debt or overdue payment:

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Extended information:

Notes on overdue credit cards:

Generally speaking, each bank will charge a certain amount of interest for overdue repayment. They are all different, usually the interest rate is 0.05%. However, the interest accrual date is calculated from the date of consumption, not the date after the final repayment date.

If the entire limit is not met, you can pay the minimum repayment amount first, which will not affect your credit limit. At the same time, there will also be a buffer period to facilitate the bank to understand the flow of funds in your account in a timely manner and will not Account frozen.

When a credit card (credit card) holder chooses the minimum repayment method or uses the card beyond the credit limit approved by the card-issuing bank, he will no longer enjoy the interest-free repayment period and must pay the unpaid portion of the loan. Overdraft interest calculated based on the prescribed interest rate from the bank accounting date.

Credit cards have two concepts: billing date and repayment date (also known as the final repayment date). The billing date is the day when transactions within a billing cycle are settled, and the repayment date is a repayment period. Because it is impossible to restore the situation of your contact with customer service, it does not rule out that you misunderstood the customer service staff's explanation or the customer service staff's explanation was unclear or even incorrect.

The main function of the repayment date is for banks to determine whether the cardholder has a malicious overdraft tendency and to determine the cardholder's financial status. Therefore, repayment after the final repayment date will inevitably result in an overdue record. Whether this record can be changed from the central bank requires further negotiation with the card issuing bank.

Baidu Encyclopedia - Overdue Repayment

Baidu Encyclopedia - Overdue Payment

Baidu Encyclopedia - Credit Card