Legal subjectivity:
The consequences of overdue loans generally include the following aspects:
1. High interest and late fees. Credit card holders who do not repay will be You will no longer enjoy the credit card interest-free period. Interest will be charged at 0.5% per day 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. If the credit card is not repaid in time after the interest-free period of the credit card, the bank will charge the credit card holder a late payment fee, which is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge the card holder a higher penalty interest. .
2. Personal credit stains How important is your personal credit record? As long as you have applied for a credit card or a loan, you will know. Once your credit record has stains, it will be difficult to apply for a credit card. This is not the most troublesome thing. 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 loan will be lower than others, and the interest rate will be higher than others. If the application is seriously overdue, you may even want to pay more interest rate. Banks won't lend to you either.
Once a loan is overdue, an overdue record will be generated. If the loan is from a bank, the overdue record will undoubtedly be uploaded to the central bank's personal credit system, which will affect the borrower's application for a credit card and re-apply for a loan for at least five years. And if the loan is overdue for 90 consecutive days, the borrower estimates that it will be difficult to apply for a credit card or loan within 5 years. If you borrow money from private lending institutions, although most lending institutions are not connected to the central bank's personal credit system, there is a personal credit center that can communicate with each other. If your loan is overdue, , then it may be difficult for you to get a loan from other lending institutions. Overdue loans will also affect the user's Internet black index score, if the Internet black index score is too low. A low Internet Black Index score will not only affect the success rate of home loans, but also affect the user's Huabei and Jiebei quotas, and may even cause Huabei and Jiebei to be closed. The impact of the online loan blacklist on individuals is that it is difficult to get approved when applying for new loans.
3. The credit card is suspended. 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. 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 recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.
4. Be taken to court or even jailed. After the loan is overdue, if you still fail to repay it after various means of collection, banks and lending institutions will take you to court. Once the case is finalized, you will not only have to You have to pay the loan principal, interest, and penalty interest, and you also need to pay high compensation and bear legal fees. In serious cases, you may go to jail, which will affect your life.
Malicious arrears will be punished. Credit card debts that have not been paid for more than three months will be regarded as malicious overdrafts, and the bank can initiate judicial proceedings. my country's criminal law stipulates that if a credit card overdraft is more than 50,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay after three or more reminders, the judicial authorities will take corresponding measures (criminal detention for less than 50,000 yuan).
5. Being collected, threatened, and worried all day long if the loan is overdue, banks and lending institutions will first collect the debt through text messages and phone calls. If you still fail to pay it back after collection, your family and friends will be bombarded with text messages and phone calls, seriously affecting your life and work. In addition to regular collection methods such as text messages and phone calls, some lending institutions will also use threats and intimidation to urge you to repay, leaving you worried that you will be harmed personally all day long.
The law is objective:
Article 67 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" The card-issuing bank shall promptly remind the supporter of the overdraft amount, repayment date and other information that is about to expire. Card people. Exceptions include cases where the cardholder provides false information or changes contact information without notifying the card-issuing bank.
Article 68 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" The card-issuing bank shall collect debts from the debtor himself and his guarantor, and shall not collect debts from third parties unrelated to the debt, and shall not use violence, Improper collection behavior such as coercion, intimidation or abuse. The collection process should be recorded, and the recording materials should be kept for at least 2 years for future reference.
Article 69 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Credit card collection letters shall fully disclose the following basic information to the cardholder: cardholder's name and balance of debt, reasons for collection and relevant laws and regulations, Relevant rights and obligations of cardholders, channels for checking account status, repayment, raising objections and providing relevant evidence, contact information of the card-issuing bank, relevant business seals, and other content specified by regulatory agencies. When a card-issuing bank receives a cardholder's objection to credit card collection, it shall promptly make a note on the relevant credit card account and carry out verification and processing.