at present, when the whole people enter the society of early consumption, credit card has brought us great convenience in our life, so what will happen if the credit card is overdue? Don't you still go to jail when your credit card expires? So on the premise of economic ability, we must keep a good credit record, so as not to cause trouble to ourselves. So what will happen if the credit card expires?
How late is the payment overdue?
Xiaozhou, a credit card customer of a bank, was listed in the bad credit record by the bank because of his late repayment one week later. The bank staff told him that the record would have to be kept for five years before it could be cancelled, which was a great loss!
According to the revised "China bank card industry self discipline Convention", it is stipulated that the default interest will not be charged if the maximum delay is 3 days and the repayment difference is less than 10 yuan. This delay also reflects the bank's concession, because in the past, if the repayment is late for one or two days, or there is less change, the bank may encounter a full penalty interest, resulting in the overdue repayment of the individual.
According to the Convention, banks provide time-honored services to cardholders, remind them of repayment by SMS, email, etc. at least 3 days before the due date of repayment, and provide at least 3 days of repayment period. That is to say, within 3 days after the specified repayment date, if the cardholder has paid back the money, the bank should treat it as full repayment in the same period, without penalty interest. Note: 3 days refers to natural days, not working days.
The bank also provides a tolerance service for the cardholder, that is, if the cardholder fails to repay in full in the current period, and the outstanding amount is less than or equal to a certain amount (at least equivalent to RMB 10), it shall be deemed that the cardholder has paid in full.
How about overdue times?
If it's unfortunate to be late more than once, how about it? Can we survive in this money world?
Bank experts tell you that the overdue repayment of general credit card is not more than 3 times. You can apply for a credit card but the amount is very small, or you can loan but the interest rate is very high. Overdue more than six times and one time overdue will be blacklisted by the personal credit system of the people's Bank of China. It is very difficult to apply for credit cards and loans on this list.
If you happen to be overdue and go to the bank for a loan at this time, it is generally impossible to get a loan.
Be careful when using third party payment
Many cardholders will repay the bank through payment systems such as Alipay and La Carla. These third party payment systems may not be able to transfer accounts in a timely manner due to various reasons, resulting in overdue credit card repayment.
If a netizen repays money through lakala, although he wrote that the credit card arrived on the same day, but in fact it didn't arrive for three days, lakala put the responsibility on the receiving bank. I'll call myself unlucky for this kind of play.
Cross bank automatic repayment may fail
When many people use credit card, they bind a credit card account to a debit card for automatic associated repayment, while credit card and debit card are often not the same bank. In general, this setting will save the cardholder a lot of trouble.
But when it comes to the repayment date, the bank generally only makes one automatic deduction and does not make up the deduction. If the current bill of the cardholder exceeds the transfer out limit of the debit card issuer, the repayment will fail. In addition, if the cardholder has foreign currency consumption and did not fill in the foreign currency account when he applied for the automatic repayment account at the beginning, the automatic repayment will fail.
In this case, if the bank does not notify the cardholder by SMS or other means, the repayment may be overdue, or even leave a credit stain.
Consequences of overdue payment of credit card:
Generate credit card late fee
The so-called overdue fine of credit card refers to the fee that should be paid to the issuing bank according to regulations when the cardholder fails to repay before the due repayment date (including) or the repayment amount is less than the minimum repayment amount. Generally, a certain percentage of the amount payable shall be collected every day according to the number of days exceeding the specified period. According to the theory of administrative law, overdue fine is a type of execution penalty in administrative enforcement.
Generate overdue interest
After the user overdrafts with credit card, there are generally interest free repayment periods ranging from more than 20 days to more than 50 days. As long as the cardholder fails to pay off all the overdraft expenses within the prescribed period, all the expenses of the cardholder last month will no longer enjoy the interest free treatment of the bank.
At present, banks generally use the calculation of cycle interest in the billing of overdue credit card repayment. The calculation of cycle interest is based on each amount on the bill (including consumption principal, cash principal in advance and interest paid out that do not enjoy the interest free repayment period), and the bookkeeping date of this account is the starting date of interest calculation until the repayment date of this account. And the cycle daily interest rate is as high as 5 / 10000, that is, the annual interest rate reaches 18%! Terrible!
Litigation costs incurred
If the user fails to repay after overdraft for 2 months, the bank will call to remind the user to repay. If not, the bank will ask a lawyer to send a lawyer's letter to the user.
Bad credit record
Overdue repayment of credit card users will be recorded in the bad credit records, and the basic database of personal credit information has realized national networking. As long as individual residents have handled loan business, applied for credit card, or provided guarantee for others in the bank, they can find the credit report in any commercial bank in China. The bad records will affect the cardholder's schooling, employment and loan.
Criminal liability for malicious overdraft
Malicious overdraft of credit card, which is still not returned after collection by the bank, will constitute the crime of credit card fraud. Credit card fraud (also known as the crime of credit card fraud) refers to the illegal possession for the purpose of violating the credit card management laws and regulations, using the credit card to carry out fraud activities, swindle a large amount of property.
Since the bank will not easily modify the regulations, cardholders need to pay attention to their own card use habits, so as to achieve reasonable and compliant card use:
1) Through the formal way to handle credit cards, credit card treaties do know.
2) When the overdraft limit of credit card is returned on time, once overdue, the amount of interest, penalty interest and so on is often huge, even several times higher than the principal.
3) Do not use credit card by malicious overdraft, otherwise it will violate the criminal law and constitute a crime.
4) Once the use of the credit card is stopped, the cancellation procedures shall be handled in time, otherwise the annual fee will continue to be generated, which will lead to the generation of bad records in the personal credit system.
If you do accidentally encounter a credit card overdue, it is recommended to use the following four methods to remedy it
It's better to keep using this card
After overdue, the best way is to continue to use this card, and use the new normal repayment record to cover the original negative record. Generally, 24 months later, a new credit record will be generated so that personal credit will not be affected after the record is refreshed.
Don't run
Long term overdue, the credit card will be profitable and there is a high overdue fine. If you run, the bank will determine that you overdraw maliciously and will call the police.
Inability to repay needs to be explained in time
If you are unable to repay on time due to unemployment or illness, you can apply for delayed repayment and interest preference if you state your economic situation and state that you are not in bad faith before the deadline.
It is better to pay in full and explain
If you forget to repay due to your usual carelessness, you must repay in full as soon as possible after finding that you are overdue. It's better to repay in full, because it's the best to call the bank after paying in full to explain that it's not a malicious debt request to eliminate the overdue record.