Credit card has been gradually integrated into our life. Sometimes we may be too busy and forget to repay for a moment. How about the overdue interest of credit card? How long can we eliminate the overdue record of credit card?
1、 What happens to overdue credit cards
1. It is required to pay the overdue fine of credit card. When the cardholder fails to repay before the due repayment date or the repayment amount is less than the minimum repayment amount, it is required to pay the fee to the issuing bank.
2. After using the credit card to overdraft, the user usually has an interest free repayment period ranging from more than 20 days to more than 50 days. If the cardholder's repayment is overdue, all the expenses of the cardholder last month will no longer enjoy the interest free treatment of the bank, and the daily interest rate is as high as 0.05%, that is, the annual interest rate will reach 18%.
3. Credit card overdue repayment records will enter the central bank credit information system to generate bad credit records.
4. If the credit card does not repay for more than three months, the bank will ask a lawyer to send a lawyer letter to the user and file a lawsuit to the court, and the litigation costs will be borne by the cardholder.
5. The criminal responsibility of malicious overdraft. According to Article 196 of the criminal law and the relevant judicial interpretation, malicious overdraft refers to the behavior that the cardholder overdrafts beyond the specified limit or time limit for the purpose of illegal possession, and does not return it after being collected by the card issuing bank. Those who maliciously overdraw to engage in credit card fraud will be investigated for criminal responsibility for the crime of credit card fraud, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 20000 yuan but not more than 200000 yuan.
2、 How to calculate the overdue repayment interest of credit card
1. CMB credit card generally has a grace period of three days after the repayment date, and repayment within the grace period is regarded as timely repayment;
(1) If paid in full, no expenses will be incurred;
(2) For the minimum repayment, the daily interest shall be calculated as 0.05%;
(3) If the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be regarded as overdue, and the daily interest will be calculated at 0.05%. In addition, there will be a late fee. The late fee for credit card is generally 5% of the unpaid part of the minimum repayment amount, which will be calculated and collected monthly.
2. If the repayment exceeds the grace period, it will be regarded as overdue: the interest will be calculated at the rate of 0.05% from the record date, and there will be a late fee. It's best to pay off within the grace period of China Merchants Bank. If it exceeds the grace period, if it has the ability, it will choose to repay in full. Otherwise, it will charge 0.05% daily interest and overdue fine.
3、 How long does credit card overdue record disappear
Credit card overdue repayment records can be completely eliminated after five years, but if the repayment is made on time within 24 months, the previous bad credit record will be refreshed.
Credit card overdue solution:
1. If the cardholder forgets to repay, he must repay as soon as possible, preferably in full. Call the credit card center of the bank to declare that it is not malicious. If the overdue time is short, the bank may ignore the bad records;
2. When the credit card is overdue and unable to repay due to unemployment, disease and other reasons, before the repayment period, the cardholder should take the initiative to contact the credit card center of the bank to explain his financial situation, declare that he is not malicious in arrears, and apply for deferred repayment or installment repayment;
3. When a cardholder applies for an extension of repayment, the bank often agrees to the extension, and the bank and the cardholder agree on a repayment plan acceptable to both parties. In this way, the bank will not keep bad records, but must repay on time after applying for extension;
4. The credit card repayment information of the central bank's credit reference system rolls for 24 months, and the records of overdue repayment of the credit card will be kept in the credit reference system for two years. If it is found that the card is directly cancelled after the overdue repayment, the information will not roll, but will be kept for a long time.