1. What to do if a friend’s credit card is seriously overdue

1. Cooperate with the bank

First of all, cardholders should admit it first If it is your own mistake, then don’t evade the bank’s collection call, don’t turn off your mobile phone, or change the mailing address; be sure to keep in touch with the bank, and don’t give yourself any reasons for not paying back the money; actively cooperate, Bank investigations and inquiries.

2. Formulate a repayment plan and obtain approval from the bank.

Furthermore, you should draw up a repayment plan for yourself, proactively inform the bank of the repayment plan, and persuade the bank to recognize and approve the repayment plan.

3. Actively deal with bad credit records.

For overdue debts, you should pay them off as soon as possible so that your personal credit record can be cleared quickly, and wait five years for these overdue records to be automatically cleared.

2. Can I still use my credit card after it is overdue?

In fact, there are many reasons for overdue payment, such as forgetting to repay, delayed bank transfer, malicious overdue, long-term arrears, etc., each of which The consequences of overdue repayment will be different. Some people may still be able to use the card, but those who use it will lose the right to use the credit card forever. Here are several situations to discuss:

1. For Banks will usually turn a blind eye to overdue cases that are not malicious and are not overdue for a long time. As long as the overdue amount is paid off immediately, the credit card will not be frozen, so the card can be used as usual after the overdue amount is paid off. .

2. If the overdue time is too long and the overdraft is malicious, then generally if the credit card is not repaid for more than 3 months, the bank will freeze the credit card, and it may not be able to be used after repayment. credit card. However, it is best to contact your credit card customer service to see if it can be unfrozen.

3. What are the consequences of an overdue credit card?

1. Penalty interest and liquidated damages: Penalty interest is calculated on a daily basis, with a daily interest rate of 0.05%. Liquidated damages are generally 5% of the portion below the minimum payment.

2. Bad credit record: As long as the bank reports the cardholder's overdue record to the central bank, a bad credit record will be generated, and it will not be automatically eliminated due to subsequent repayments. This record will be saved For 5 years, as long as you continue to use the card for 2 years, the bad credit record will be covered with new card usage records.

If the card is seriously overdue, the cardholder should proactively contact the bank and truthfully inform the bank of the reasons why he or she cannot repay, hoping that the bank can agree to personalized installment repayment. Once the cardholder expires, there will be serious consequences. Cardholders need to pay corresponding overdue penalties and liquidated damages, and will also have a bad credit record.