1. What should I do if the credit card limit is suddenly lowered due to overdue?

1. If the credit card limit is reduced due to overdue, it is necessary to settle the overdue loan first, then maintain a stable credit card behavior, use the credit card for transactions, and repay the loan on time, so as to increase the credit card limit;

2 If the credit card is downgraded due to cash withdrawal, the cardholder shall provide the latest consumption records to the bank, indicating that the individual has not withdrawn cash, and the bank can restore the credit card limit after verification;

3. If the bank's risk control causes the card amount to decrease, it is mostly because the account risk is too high. Only after the risk of banks is controlled can we find ways to increase the quota;

If the credit card is not used frequently, the cardholder can use it more in the future.

2. What are the legal consequences of overdue credit cards?

1, and high interest will be charged if it is overdue.

Users usually have an interest-free repayment period ranging from more than 20 days to more than 50 days after using credit cards to overdraw. If the cardholder fails to repay the overdraft in full during this interest-free repayment period, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.

2. There will be a credit card late fee.

3. Bad credit records will be generated.

4. Time and duration may lead to litigation costs.

If the cardholder fails to repay after 2 months of overdraft, the bank will call to remind the user to repay. If the repayment is not made, the bank will find a lawyer to send a lawyer's letter to the user. If the user overdraws 180 days and still refuses to repay, the bank will bring a lawsuit to the court, and the losing party will bear the litigation costs of the case. Generally, the bank wins the case and requires the user to repay, so this part of the cost will be borne by the user.

The consequences of overdue are still very serious. If it is not handled in time, it may face litigation risks. Contact legal counsel to solve your overdue troubles.