(1) High overdue fee
Calculated according to the daily interest rate of five ten thousandths, compound interest is calculated monthly. The interest-bearing time is calculated from the day when the card is swiped, not according to the number of overdue days. In addition, banks will also charge a certain percentage of late fees for overdue repayment of credit cards, with the minimum amount ranging from 1 yuan to 30 yuan. The proportion of late payment fees is the same, which is uniformly stipulated by the People's Bank of China, and 5% is charged for the unpaid part of the minimum repayment amount, with compound interest at the same time.
(2) The credit record is classified as bad.
If the bank repeatedly urges you not to pay back the money, the overdue credit card will affect your credit history and your loan will be problematic in the future. You can basically forget about two years of mortgage and car loan credit.
If it is overdue for too long, it will constitute malicious fraud, so if you don't want to be caught, you'd better pay it back quickly. Don't just think about fun, not hard work.
(3) facing jail time
According to Article 196 of the Criminal Law, if a credit card overdraws beyond the prescribed limit or within the prescribed time limit, and it is still not returned after being collected by the issuing bank, it will be regarded as malicious overdraft, and it will be sentenced to fixed-term imprisonment and fined according to law. If the amount is especially huge, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated.
For a long time, it has become a chronic social problem for cardholders to fail to pay back, evade debts and evade execution. Recently, the Supreme People's Court issued the "Several Provisions on Publishing the Information of the List of Persons Executed with Dishonesty", which means that those who fail to return their credit cards within the time limit will be included in the "Blacklist of Persons Executed with Dishonesty".
The following "dishonesty" behaviors are prohibited:
Prohibit some high-consumption behaviors, including the prohibition of taking soft sleepers by plane and train;
Implement other credit punishments, including restricting loans from financial institutions or handling credit cards;
A person who has broken his promise is a natural person and may not serve as the legal representative, director or supervisor of the enterprise.
If you haven't returned your credit card after reading this article, please return it quickly.