What are the consequences of overdue credit cards?
1, and high interest will be charged if it is overdue.
After credit card overdraft, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder fails to repay the overdraft in full during this interest-free repayment period, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.
2. Bad credit records will be generated.
Credit card users' overdue repayment will be recorded in bad credit records, and the basic database of personal credit information has been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank. For customers with bad records, BOC will be cautious when handling loans in the future, and may require customers to provide mortgages and guarantees, which may reduce the loan amount, raise the loan interest rate or even refuse loans. On the contrary, if there is a good record in the credit report, it is possible to enjoy preferential treatment in the amount and interest rate in the future credit business.
3. Time and duration may lead to litigation costs.
If the cardholder fails to repay after 2 months of overdraft, the bank will call to remind the user to repay. If the repayment is not made, the bank will find a lawyer to send a lawyer's letter to the user. If the user overdraws 180 days and still refuses to repay, the bank will bring a lawsuit to the court, and the losing party will bear the litigation costs of the case. Generally, the bank wins the case and requires the user to repay, so this part of the cost will be borne by the user.
4. Malicious overdraft requires criminal responsibility.
Overdue credit cards may not involve malicious overdraft of credit cards. Malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Malicious overdraft for credit card fraud, a large amount of credit card fraud will be investigated for criminal responsibility.
What if the credit card is overdue and there is no money for the time being?
1, indicating repayment willingness.
After the credit card is overdue, the bank will make a dunning. Every time the bank makes a dunning, the user needs to explain clearly to the bank why the credit card has not been returned, and express the willingness to repay, hoping that the bank will extend the repayment period. During the dunning period, users should not change their mobile phone numbers and hang up directly every time they are called by the bank, which is easy to be considered malicious by the bank.
2. Negotiate repayment
If the credit card is seriously overdue and cannot be repaid, the user needs to apply to the bank for repayment negotiation, and explain to the bank the reasons for not repaying during the overdue period. At the same time, they hope to negotiate with the bank for repayment and strive for the opportunity of interest-free installment, and hope that the bank will reduce the monthly repayment amount and repay according to the repayment plan stipulated by the bank, thus avoiding the risk of being sued.