But if you are overdue for one month due to special circumstances, you can consider negotiating with the bank and asking the bank to issue a non-malicious overdue certificate for you, so that your credit will not be affected.
If the calculation of overdue interest on credit cards is overdue, consumers will have to pay the economic price. Specifically, overdue repayment will generate the following economic costs:
1. liquidated damages: According to the Notice of the People's Bank of China on Credit Card Business, which came into effect on 201701,the card issuer can agree with the cardholder whether to collect liquidated damages, and the relevant collection methods and standards. Once the cardholder fails to repay the loan within the time limit, the card issuer has the right to collect the liquidated damages as agreed.
2. Overdue interest: the calculation of overdue interest is harsh. The starting time dates back to the date when consumption is recorded, and the revolving interest is generally calculated at five ten thousandths of the daily interest, which is very uneconomical. For example, the 1 day of each month is the billing date, and the 20th is the repayment date. The consumption in the current month 1 day is 5,000 yuan, and the interest will be calculated from the second day of the current month. The daily overdue interest is 5,000 * 0.0005. Repay RMB 4,000 in the current month 19, and calculate the interest based on RMB 1000 from 19 to the repayment date; If it is paid off on the 5th of next month, the interest will be 5000 * 0.0005 *18+1000 * 0.0005 *16 = 45+8 = 53 yuan.
3. Penalty interest: It is understood that it is the mainstream for banks to adopt the full penalty interest rule, and it is very rare to interest by installments. What is the full penalty interest? For overdue customers, the penalty interest will be calculated on a daily basis from the billing date to the repayment date, and then the compound interest will be calculated on a monthly basis (the interest will be included in the principal and continue to be calculated). The penalty interest standard is generally calculated according to the original loan interest rate rising by 30%-50%, but according to the regulations of the CBRC, it is not illegal to impose a penalty interest in full.
4. Form a credit stain: Generally speaking, banks report credit reports according to the rule of "three consecutive months and six consecutive years", that is, once a customer has "three consecutive months overdue repayment" or "accumulated six overdue repayment", the People's Bank of China will list it as a problem customer, record "bad credit" on the personal credit information system, and the customer's future "money" will be uncertain.