According to the provisions of Article 108 of the General Principles of Civil Law of People's Republic of China (PRC) and General Principles of Civil Law of People's Republic of China (PRC), the debts shall be paid off. If it is temporarily unable to repay, it may be repaid by the debtor in installments with the consent of the creditor or the ruling of the people's court. Those who have the ability to repay and refuse to repay shall be forced to repay by the people's court.
According to the provisions of Article 84 of General Principles of Civil Law of People's Republic of China (PRC) and General Principles of Civil Law of People's Republic of China (PRC), debt is a specific relationship of rights and obligations between the parties in accordance with the contract or the law. The obligee is the obligee, and the obligor is the debtor.
The creditor has the right to require the debtor to perform its obligations in accordance with the contract or according to law.
Credit card A credit certificate issued by a commercial bank or credit card company to a qualified consumer. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
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Article 207 of the Contract Law stipulates that "if the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations".
Penalty interest will be charged if it is overdue. From the overdue date, default interest will be charged at the agreed interest rate 150% every day until the payment is overdue. Your overdue record will be collected by the People's Bank of China, which will affect your credit record. Please cherish your credit and repay on time.
If loans overdue exceeds a certain period, the relevant records of overdue users will be transmitted to the personal credit information system of the central bank. In addition to uploading overdue information to the central bank's personal credit information system, Lending will continue to cooperate with third-party credit information agencies such as Qianhai Credit Information, Shanghai Credit Information and Pengyuanzheng Credit Information.
For loans that are overdue or not used according to the purpose agreed in this contract, interest will be charged at the default interest rate from the date when they are used in loans overdue or not according to the purpose agreed in this contract until the loan principal and interest are fully paid off. For the interest that cannot be paid on time, compound interest shall be calculated at the penalty interest rate.
Consequences of overdue credit card:
1. liquidated damages, generally the minimum repayment amount, 5% of the unpaid part.
2. The interest rate is high, and it is rolling interest. Interest is scary when you have more debt.
3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.
4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.
Actions that can be taken against people who break their promises:
1. Some high-consumption behaviors are prohibited, including taking soft sleepers on airplanes and trains.
2. It is to implement other credit punishments, including restricting loans from financial institutions or handling credit cards.
3. If the person subjected to execution is a natural person due to dishonesty, he shall not be the legal representative, director, supervisor or senior manager of the enterprise.
Baidu Encyclopedia-General Principles of Civil Law in China
Baidu Encyclopedia-People's Republic of China (PRC) Civil Procedure Law
Baidu encyclopedia-credit card
Baidu Encyclopedia-the list of untrustworthy people.
Baidu encyclopedia-overdue interest