1. What should I do if my credit card is overdue and I am summoned by the economic investigation?

If my credit card is overdue and I am summoned by the economic investigation, I should actively cooperate with the investigation. If you have no money to repay your credit card, you need to discuss it in two situations, one is temporary lack of money to repay, and the other is long-term no money to repay.

(1) Temporarily no money to repay:

There are many ways to solve the problem, such as applying for credit card installments, or applying for deferred repayment, or making minimum repayments. , can reduce the repayment pressure. You don’t need to pay so much money at once to avoid overdue. However, the repayment pressure in the later period will be different depending on the method chosen.

(2) Long-term lack of money to repay:

If you are unable to repay the loan on your own, it is best to start raising money to repay before the repayment date, whether you are looking for someone to repay the loan. Borrowing money or selling assets is a good idea as long as you can raise the money to repay. If you really can't raise the money and have no choice but to let your credit card expire, if it takes a long time, it is best to contact the card issuer to negotiate repayment.

2. What are the consequences of not repaying the credit card?

(1) High interest and late payment fees

1. If the credit card does not repay, the cardholder will no longer be able to repay the debt. If you enjoy the interest-free period of your credit card, interest of 0.5% per day will be calculated starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

2. If the credit card interest-free period is exceeded and the credit card holder is not repaid in time, the bank will charge a late payment fee to the credit card holder. The ratio is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge Cardholders are charged higher penalty rates.

(2) Personal credit stains

1. As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. Once your credit record is stained, Basically it will be difficult to apply for a credit card;

2. This is not the most troublesome. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage will be lower than others, and the interest rate will be lower. It is higher than others. If your application is seriously overdue or even if you want to pay more interest, the bank will not lend.

(3) Credit card suspended

1. If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended.

2. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and ask the holder for payment. If the cardholder still fails to repay the credit card debt after being pursued by the bank, the bank may apply to auction the cardholder's other fixed assets.

If your credit card is overdue for a long time, you will first face civil liability for breach of contract. Secondly, if there are malicious overdrafts on the credit card and other related situations, you may also need to bear criminal liability, such as The crime of credit card fraud is stipulated in the Criminal Code. That is to say, this should be punished with a fixed-term imprisonment of not more than three years or criminal detention.