First, the definition of overdue credit card

The definition of overdue is: after the limited repayment date of the current bill has passed, the next bill has been paid, and the low repayment amount has not been paid. This situation is called overdue, and the credit will be reported.

if the repayment date is exceeded, but the repayment is made before the next bill comes out, it will only generate late payment fees and interest, and no overdue record will be left.

second, how to eliminate overdue credit cards?

after the credit card is overdue, it needs to be repaid in time. If the overdue record has been uploaded to the credit information center, users need to continue to use the credit card and overwrite the original record with a new record. After 5 years, the overdue record will be automatically eliminated, and it will not have any impact on individuals.

It should be noted that the repayment record of credit investigation started on January 1, 219 has changed from 2 years to 5 years, that is, the retention period of repayment record and overdue record is 5 years; Such changes are still unfavorable to cardholders, which requires individuals to protect their credit information in peacetime and use credit cards without overdue.

if the overdue records are not caused by themselves, users can ask relevant institutions to issue certificates, and cardholders can bring the certificates to the branches of the People's Bank of China to cancel the overdue records; If it meets the requirements, the records in the credit information will be revoked, which usually takes about 1 working days.

Finance. I think that when the credit card cannot be repaid on time on the repayment date, the cardholder can borrow money from relatives and friends and repay the arrears, but it should be returned to the lender in time. You can also use low repayment amount or installment repayment, both of which can reduce the repayment pressure of cardholders, but you need to pay a certain handling fee.

third, how to avoid overdue credit cards?

1. Set the due repayment date to 3-5 days after the monthly payday

2. Bind the official credit card WeChat platform and receive the consumption bill in time

3. Open the credit card automatic repayment service

The consequences of overdue are still very serious. If you don't handle it in time, you may face litigation risks. Contact legal counsel to solve your overdue troubles.