Hello, if your credit card is overdue, even if you change your contact information, the new working bank can still find your relevant information for collection, so you should actively communicate and negotiate with the bank to repay as soon as possible.

After the credit card is overdue, according to the law, the bank can negotiate with the cardholder on an equal footing to reach a personalized installment repayment agreement after confirming that the credit card debt exceeds the cardholder's repayment ability and the cardholder still has the willingness to repay. Therefore, cardholders should actively, positively and sincerely contact the issuing bank, strive to reach a personalized installment repayment agreement, and resolve the repayment crisis by extending the repayment time.

interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest incurred by various bonds. Under the capitalist system, the source of interest is the surplus value created by hiring workers. The essence of interest is a special transformation form of surplus value and a part of profit.

Definition:

1. Money other than the principal due to deposits and loans (different from' principal').

2. The abstract point of interest refers to the value-added amount brought by monetary funds when they are injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (that is, time).

Interest is the reward obtained by the owner of the fund for lending the fund, which comes from a part of the profits formed by the producer using the fund to play its operational functions. It refers to the value-added amount brought by monetary funds when they are injected into the real economy and returned. Its calculation formula is: interest = principal × interest rate× deposit period x1%

3. Classification of bank interest < P > According to the nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.