1. Overdue interest and late fees: Unpaid credit cards will lead to the accumulation of overdue interest and late fees, making you need to pay more fees.
2. Damaged credit record: Overdue repayment will have a negative impact on your credit record, which may affect the approval of applying for loans, credit cards and other financial services in the future.
3. Collection action: Banks or debt institutions can take collection measures, such as telephone collection, letter notification or entrusting a third party to collect. They also have the right to recover debts through legal means.
Summary: Unpaid credit card debts may lead to additional expenses, damage to credit records and collection actions.
Extended data:
Credit card is a consumer credit tool, and the cardholder can spend first and then repay within a certain period of time. However, if the arrears are not paid off on time, there will be overdue fees and negative effects. Therefore, it is suggested to manage personal finance in time to ensure timely repayment and avoid unnecessary consequences.