Xiaocai found that in recent years, there have been endless news about banks charging high interest rates and "late fees" for overdue repayments, which has caused a lot of controversy. According to reports, a court ruled on a case last year regarding the issue of late payment fees on credit cards. The client was taken to court by the bank for arrears, and the bank required him to pay high interest and late fees in addition to paying off the arrears.

According to the regulations of the banking system, once a credit card is overdue, you will not only have to pay high late fees and interest, but it will also affect your personal credit record and future loans. Although the late payment fee clause is also written into the card issuance agreement of the card issuer, how much late payment fee and interest will be paid? How will it affect personal credit record? Many people said they didn’t understand.

Zheng from Xiaocai.com: “I’m often reminded when overdue payments are overdue, and I also receive relevant information, but I really don’t understand how to collect them. I use them every day. But I have never seen those rules and requirements, and I don’t know much about them. I just know that deposits are used to spend money.” Wu, a netizen from Xiaocai, said that the holders do not fully understand the credit card rules. , usually because there are too many rules in the treaty. He said that when he went to apply for the card, he got a lot of lists. It was impossible to study every item thoroughly, and then he signed on them.

Xiaocai learned that the central bank has already unified regulations on the collection of late payment fees for credit cards, which is 5% of the unpaid portion of the minimum repayment amount. If the holder does not repay in full by the latest repayment date, the bank will no longer provide interest-free benefits, and will charge daily interest on the repaid amount, and charge interest and late payment fees on the outstanding amount on a daily basis until the amount is owed. The amount was repaid in full. And using this kind of snowballing fine to remind cardholders to abide by the contract, won't the price be a bit high?

Xiaocai netizen Bai believes that when the holder signs a legal business contract with the bank during the process of applying for a credit card, he needs to pay a corresponding price when violating the rules: "It should be a contract. It is an agreement. When applying, as a social person, you must have a sense of rules and contracts. If you do breach the contract, you will be responsible for the consequences of the breach. ”