As we all know, after using a credit card, you must repay it on time. Once overdue, it will have various effects, such as affecting personal credit information and generating liquidated damages. Now that the new regulations on overdue credit cards are released in 2022, cardholders must know! Come and see the answer.

1. Personalized credit card installment: According to the latest provisions of the Civil Law, credit card holders can negotiate with the issuing bank to stop installment repayment, that is, personalized credit card installment, on the premise of being unable to repay but maintaining a good willingness to repay.

2. Improve the sentencing standard for credit cards: In the past, the sentencing standard for overdue credit cards was 1000 yuan, but now the sentencing standard for credit cards has been raised to 50,000 yuan. If the overdue amount of the debtor does not exceed 50,000 yuan, the bank can only bring a civil lawsuit against the debtor.

3. Liquidated damages and minimum repayment amount: According to the new regulations on overdue credit cards, the late payment fee is cancelled and replaced by liquidated damages, and the charging standard is 5% of the unpaid part below the minimum repayment amount, which greatly reduces the interest that everyone needs to pay after overdue.