1. If the credit card holder fails to repay on time within three months, the bank has the right to stop using the credit card.
2. Most banks are suspended for three months overdue, but some banks are suspended for two months overdue, such as China Merchants Bank.
3. In this case, even if the credit card is stopped within the time limit, the cardholder's bill will still have a late fee, and the interest will continue to increase.
How serious is the overdue credit card?
1, the seriousness of the consequences of overdue credit cards-entering the blacklist of credit information affects personal food, clothing, housing and transportation to solve this problem. Taking advantage of the difference of credit card repayment cycle, it is still difficult to solve the problem by handling multiple credit cards of many banks for fund transfer and turnover. How serious is the overdue credit card?
Credit is equivalent to the second identity card, and more things will be bound in the future. Now the credit record even affects the application for studying abroad, and the civil service examination is also very fancy in this respect. If the overdue period is serious, the bank or school will take relevant measures to publicize or inform the work unit. Once it is seriously overdue and the bank collection is invalid, you will enter the blacklist of credit information. The consequence is: you can't fly, high-speed rail, accommodation, etc.
2. The severity of the consequences of overdue credit card-if the credit card breaches the contract overdue for more than 3 months, the bank will collect it according to law and bring a lawsuit to the court according to the loan contract and guarantee contract. The court will take measures such as property preservation, including freezing deposits in all bank accounts of lenders and loan guarantors and sealing up pledged property.
3. The seriousness of the consequences of overdue credit cards-the execution of the judgment
After the judgment is made, the property will be enforced according to law to pay off the bank's loan losses. Including: loan principal, loan interest, overdue interest, penalty interest, all litigation costs arising therefrom, and all expenses incurred when disposing of collateral.
4. The severity of the consequences of overdue credit cards-subject to legal sanctions.
If you have the ability to refuse to implement the effective legal documents, you will be punished by law. If the borrower fails to repay the loan, the guarantor shall bear the repayment responsibility. There is such a provision about credit card crime in the criminal law: if the overdraft exceeds the prescribed limit or time limit and is not returned for more than 3 months after two collections, it is characterized as malicious overdraft. Those who maliciously overdraw 1 10,000 or more and are dissatisfied with 1 10,000 are deemed to be relatively large, and shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention; From 65438+ 10,000 to 1 10,000, the amount is huge, and the sentence is more than five years 10 years.
For friends who have used bank cards for a long time, today's credit cooperatives will become more and more perfect, and overdue credit cards will increasingly affect their credit scores, which will have a serious impact on their future lives. In fact, in today's active financial products, as long as we make good use of financial tools such as Ant Flower Shop and Mao Le Smart Service and the special financial service system, we can completely avoid overdue repayment of credit cards and leave no regrets for our credit records.