What should I do if my credit card is overdue?

What should I do if my credit card is overdue?

What should I do if my credit card is overdue? Nowadays, basically everyone has a credit card, and what happens after the credit card is overdrawn? If you need to make regular repayments next month, if you do not repay the debt on the specified repayment date, let’s take a look at what to do if your credit card is overdue and related information.

What to do if your credit card is overdue 1

1. Overdue repayment

(1) Credit cards generally have a grace period of three days after the repayment date. During the grace period, Repayment is deemed to be repayment on time;

1. If the repayment is paid in full, no fees will be incurred;

2. If the repayment amount is less than the minimum repayment stipulated by the bank, it will be regarded as If it is overdue, the interest rate is 0.05, and a late payment fee of 5% of the unpaid portion of the minimum repayment is charged;

3. The repayment amount is greater than or equal to the minimum repayment, but less than the full repayment. You need to pay interest at the rate of 0.05%;

(2) If the repayment exceeds the grace period, it will be considered overdue: the interest rate is 0.05%, and there is also a late payment fee.

2. Overdue records

Under normal circumstances, each bank reports cardholder credit information to the central bank on a monthly basis, including the monthly bill amount and repayment status (specific details will not be recorded) How much has been paid will only be marked as full repayment, partial payment, or arrears). This detailed information is listed for the past 24 months. This is probably the source of the statement in some answers that the bank records are kept for two years.

What should I do if my credit card is overdue? Credit cards generally have a grace period of three days after the repayment date. Repayment within the grace period is deemed to be repayment on time. People with good credit can also call and explain the situation, because it is easier for people with good credit to achieve fee reductions. After all, people who make mistakes for the first time are still willing to give them a chance to change their ways.

1. Continue to use

After the expiration date, the best way is to continue to use this card and cover the original negative record with a new normal repayment record. Generally, A new credit record will be generated so that personal credit, etc. will not be affected after the record is refreshed.

If you are overdue for a long time, your credit card will earn compound interest and there will be high late payment fees. If you run away, the bank will think that you have maliciously overdrafted and will call the police.

2. Apply for delayed repayment

If you are unable to repay on time due to unemployment or illness, before the final repayment deadline arrives, state your financial situation and declare that you do not owe money maliciously. , you can apply for delayed repayment and interest discounts.

3. Timely repayment in full

If you forget to repay due to usual carelessness, you must repay in full as soon as possible after discovering that it is overdue, preferably in full, because the full amount is After repaying the amount, you have the best chance of winning by calling the bank to explain that the debt is not malicious and requesting that the overdue record be eliminated.

Don’t think that it only affects you, your spouse and children are also affected. By that time, there will be no regrets, and the credit report will not believe the tears.

What to do if your credit card is overdue 2

Credit cards are tools provided by banks for overdraft consumption in advance. The money owed to the bank must be repaid, so don’t think about it after your credit card is overdue. To avoid debt, our credit card debt will not disappear just because we don’t answer the bank’s collection calls. Therefore, it is not advisable to refuse to answer the bank’s calls and change contact information to avoid collection.

After a credit card becomes overdue, we need to pay off the debt as soon as possible. If the cardholder is temporarily unable to repay, then we can do the following:

1. Actively cooperate with the bank. When a credit card is overdue, the bank will usually call for collection. We must actively cooperate with the bank and pay attention to answering the bank's collection call. Under strict national supervision, violent collection is rare, so don't deliberately refuse to answer the call because you are afraid of encountering violent collection. Telephone.

This is likely to be considered a malicious overdraft by the bank. If the overdue amount reaches 50,000 yuan and the cardholder is deemed to be a malicious overdraft, he may be held criminally responsible. Therefore, after your credit card is overdue, it is recommended to actively cooperate with the bank's collection, inform the bank of the reasons for your temporary inability to repay, and express your willingness to repay to see if you can apply for negotiated repayment.

2. Credit card users can repay more or less every month. As long as the credit card users have repayment behavior, they can avoid being considered as malicious overdrafts by the bank. If the cardholder has repayment behavior, the bank will also Users who will not be overdue easily and pay back a little more every month can show the bank that we are willing to repay the debt.

3. Try to apply to the bank for negotiated repayment. If you are temporarily unable to repay in full, you can apply for negotiated installment or deferred repayment. When negotiating repayment, you must explain the reason for your overdue payment and indicate that you will repay the loan. You must be willing to pay and have a sincere attitude towards negotiation, so that you have a chance to successfully apply. If the bank agrees to negotiate, then you can repay according to the agreement after negotiation.

4. Try every means to make a comeback and pay it off in one go. Overdue credit cards will incur interest charges. If the overdue balance is not paid off for one day, interest charges will be incurred for one day. Therefore, in this case, it is recommended to borrow money from relatives and friends around you to pay off the debt in one go, and then Pay off your friends and family slowly.

What to do if your credit card is overdue 3

1. What to do if your credit card is overdue?

1. Quick remedy for overdue credit cards

If you encounter an overdue credit card , you should call the bank service hotline immediately to explain that the debt is not malicious and pay the debt in a timely manner.

Under normal circumstances, banks will have a grace period of 3 days. Once a cardholder finds that his credit card is overdue, he must deal with it immediately to avoid leaving a bad record.

2. How to deal with bad records

If a cardholder has left bad records in the bank, do not rush to cancel the card after paying the outstanding balance and explaining the situation. The card will no longer be able to update personal credit records, and the bad records will always be recorded in the bank, causing serious consequences.

The correct approach is to continue to use this credit card and maintain a good credit record for at least 2 years. It will basically not have any impact on personal mortgages, loans, credit card applications and other businesses.

Currently, the retention period of credit records in my country is 5 years.

In actual use, don’t hold out hope that overdue credit cards will be remedied or bad records will be eliminated, but you should use your cards rationally. Developing good credit card and repayment habits, timely repayment, and not overdue are the basis for ensuring a good credit record.

2. Consequences of malicious overdraft of credit cards

(1) According to Chinese laws, anyone who maliciously overdrafts a credit card with an amount of more than 10,000 yuan shall be prosecuted.

A malicious overdraft refers to a cardholder's overdraft exceeding the prescribed limit or prescribed period for the purpose of illegal possession, and the card-issuing bank still fails to return the amount for more than three months after being called upon twice by the card-issuing bank. If the overdraft is malicious and the amount is more than 10,000 yuan but less than 100,000 yuan, all overdraft interest has been repaid before the public security organ files the case. If the circumstances are obviously minor, criminal liability may not be pursued in accordance with the law.

(2) Pay attention to the following points when judging malicious overdraft:

1. The cardholder is a legal cardholder. If someone steals or falsely uses another person's credit card, it constitutes theft or false use of another person's credit card and does not constitute a malicious overdraft.

2. The cardholder deliberately failed to repay the card. For the purpose of illegal possession, that is, the person who overdrafts clearly knows that he has no ability to return the money before the overdraft, but still uses the card to make purchases or withdraw cash. Or it is the behavior of being able to repay but not wanting to repay after spending or withdrawing cash.

It is a subjective and unwilling behavior. In the process of inferring whether the perpetrator has the purpose of illegal possession, it must be distinguished whether the behavior is subjectively malicious and does not return, or whether the perpetrator cannot return because of reasonable objective factors. This is the key to distinguishing malicious overdrafts from good-faith overdrafts.

3. Malicious overdrafts include overdrafts exceeding the prescribed overdraft limit, overdrafts exceeding the prescribed period, and non-repayment despite collection. The overdraft limit refers to the amount of personal credit guarantee short-term loans that cardholders can use as specified by each card-issuing bank. For cardholders who have overdrafts, each card-issuing bank can collect them according to the repayment period. If the cardholder voluntarily returns the money without being collected by the bank or returns it promptly after collection, it will not be treated as a crime.

Finally, we would like to remind credit card holders that they should repay the money in time after overdraft consumption.

Once a credit card user repeatedly fails to repay the credit card overdue, not only will the bank charge higher interest and late fees, but the cardholder's own credit will also be reduced, which will affect future car loans and housing loans.

First of all, the bank will have a three-day grace period. If you repay within the three-day grace period, it will basically not be considered overdue. If you are unable to repay due to financial problems, you should try your best to repay the loan. Pay off the minimum repayment amount, so that although some interest will be incurred, it can ensure that there will be no bad record on the credit card. If you maliciously fail to repay during the use of a credit card and cause a malicious overdraft, you will bear criminal liability. Therefore, when using a credit card, you must pay attention to repaying on time to avoid adverse consequences.

What is the best way to deal with an overdue credit card?

The best way to deal with overdue credit cards:

1. Pay off the debt immediately and apply to the bank not to report your overdue records to the credit report;

2. If the user does not overdue the card maliciously, but has already reported the credit report, he can apply to the bank to cancel the credit report;

3. You can continue to use this card after the expiration date and cover it with a new repayment record. The original negative record will generate a new credit record after 24 months, and it will not affect personal credit after the record is refreshed. The retention period of bad personal information by credit reporting agencies is 5 years from the date of termination of the bad behavior or incident; if it exceeds 5 years, it shall be deleted.

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

What will the bank do if the credit card is overdue?

When a credit card is overdue, the bank will take it very seriously, because if the money cannot be recovered, it means a loss, so at this time, the bank will try every means to make you pay back the money.

If you don’t repay the money, the bank’s attitude and method of handling it later will depend on the amount of debt you owe and your attitude before making corresponding treatment plans.

Generally speaking, there are four main processing methods of banks:

Step 1: Bank text message reminder

The bank will first send you a message Reminder, telling you when it’s time to repay, what the repayment amount is, what the minimum repayment is, etc.

General bank credit cards have a grace date, most of which are three days, which means that as long as you pay off the credit within the grace period, your credit will not be reported.

However, there are also a few banks that are abnormal and will issue a credit report if the credit is one day overdue. This is currently not uniform among all banks, so be sure to ask your bank for the specific time.

The situation mentioned above was before it was overdue, and the frequency of the bank’s message reminders was not too high.

If it is officially overdue, the frequency of this message will increase, and the tone will not be very gentle. Remind you what responsibilities and consequences you will bear if you do not repay on time.

Step Two: Phone Tracking

If the debtor still fails to repay after the text message reminder, the bank’s customer service will usually start calling you within a month. Called.

Customer service will tell you how much you owe and when you should pay it back. If you still ignore it at this time, they will call more frequently and their tone will no longer be gentle and start to be harsh. Ice cold.

During this period, even if they can contact you personally, some banks will still call your contact person, which is the emergency contact person you filled in when applying for the card, to verify your presence and ask for your financial situation, etc.

As for this issue, each bank is different. Some banks offer payment services while others do not. Of course, it should be explained that if the debtor cannot be contacted, the bank will definitely call your contact number.

The third step, outsourcing the collection company

This is the beginning of the debtor’s nightmare. If you have not experienced it, I dare say it will definitely make you lose your skin.

Despite this, I would also like to educate you that it is legal for banks to entrust law firms or third-party asset management companies (commonly known as collection agencies) to collect debts from debtors.

After the bank packages the arrears to a collection company, the collection company is not a bank in order to collect the money. They are not a bank, and they are a little more relaxed in order to take into account the brand image. In the eyes of the collection agency, it is to earn commissions by completing goals.

So at this time, they are trying all kinds of ways. In addition to contacting you, they will also contact everyone around you. You must call the phone number you left when you applied for the card. At the same time, they will also inquire through some channels and will call to say "greetings."

Although banks will have strict compliance requirements when entrusting third-party companies to collect debts. However, in actual operations, due to interest relationships, all debt collection companies will inevitably go overboard. For example, banks require that no more than 3 debt collectors are allowed in a day, but some debt collectors can hit you dozens of times a day.

Although there is no violent debt collection now, at least let’s face it, debt collection companies will definitely not dare to do this.

But the other party always calls you, and then calls your relatives and friends every now and then, and during the phone calls, he always puts strong pressure on you, scares you, and asks you to pay back the money quickly. This kind of person is really Unbearable.

The fourth step,

Once you reach this step, it is basically a court appearance. Fans and friends often ask, when does the bank have a "standard rule"? Let me tell you, there really is no such thing.

So, sometimes you will find a strange phenomenon. Some people owe 30,000 to 50,000 yuan and have been officially punished; while some people owe more than 200,000 yuan and have not yet been charged.

However, there is some data that must be shared. That's why there are more and more cases now. In the past, credit card debt was really not much, but now the trend is increasing linearly.

Generally speaking, the larger the amount, the higher the probability.

When the bank is here, they will usually write all the terms that are beneficial to the bank into the complaint. As for interest, they will usually control the overall interest rate within 24. At the same time, some banks will also require additional attorney fees, litigation fees and other fees.

At that time, the bank still wanted to see the amount of debt you owed and your attitude.

If the principal you owe exceeds 50,000 yuan, and you have no intention or record of repayment, and refuse to cooperate with the bank, it may be classified as a credit card. If it is classified as a credit card, this will involve criminal liability, that is, you will be sentenced.

This qualitative criminal determination has many factors and is very complicated. This article will not go into details. I will make up a separate issue when I have time.

In most cases, if the amount is not large, it is at best a civil loan. According to the judgment, if you are not satisfied with the judgment, you can still appeal, but the cycle is relatively long, so be mentally prepared.

So regarding credit cards, Brother Chao advises everyone not to take it lightly. Now that credit records are online, once you are on the blacklist, you will not be able to deal with banks for at least five years, and you will not be able to get anything like home loans or car loans. Apply.

In addition, if you fail to repay the debt after the judgment and become a defaulter, the trouble will be even greater.

The future will not only affect your travel, you will not be able to take high-speed trains, planes, or even stay in hotels. It will also affect your employment, and some units will directly persuade you to quit.

Some cases are even serious, affecting children’s education and employment. For example, there have been reports before that someone refused to pay back the money they owed and even after being raped, he was listed on the list of dishonest persons. His child was admitted to college but was refused admission. Therefore, we must treat this matter with caution.

How to deal with an overdue credit card

How to deal with an overdue credit card

How to deal with an overdue credit card? Many people use credit cards in life, but more and more consumers do not. Grasp your spending power, and we all know that credit cards are interest-free. If you are indeed unable to repay, you can apply to the bank for an interest suspension. The following is an analysis of how to deal with overdue credit cards.

How to deal with overdue credit cards 1

1. How to deal with overdue credit cards

1. Actively cooperate with the bank. When a credit card is overdue, the bank will usually call for collection, and we must actively cooperate with the bank. If the overdue amount reaches 50,000 yuan and the cardholder is deemed to have maliciously overdrafted, he may be held criminally liable. Therefore, after your credit card is overdue, it is recommended to actively cooperate with the bank's collection, inform the bank of the reasons for your temporary inability to repay, and express your willingness to repay to see if you can apply for negotiated repayment.

2. Credit card users can repay more or less every month. As long as the credit card users have repayment behavior, they can avoid being considered as malicious overdrafts by the bank. If the cardholder has repayment behavior, the bank will also Users who will not be overdue easily and pay back more or less every month can show the bank that we are willing to repay the debt.

3. Try to apply to the bank for negotiated repayment. If you are temporarily unable to repay in full, you can apply for negotiated installment or deferred repayment. When negotiating repayment, you must explain the reason for your overdue payment and indicate that you will repay the loan. You must be willing to pay and have a sincere attitude towards negotiation, so that you have a chance to succeed in your application. If the bank agrees to negotiate, then you can repay according to the agreement after negotiation.

2. How long does it take for a credit card to be overdue before it is blacklisted

1. As long as it is overdue for more than 90 days, it is generally a blacklist. This is the standard of most banks.

2. Under normal circumstances, if a personal credit card bill is overdue, the bank will collect the debt from the debtor in accordance with relevant regulations in the first three months.

3. If collection is successful within these three months. Then the bank will not take the next step of collection action. If the bank fails to collect the credit card within three months, then according to the law, if the credit card is overdue for 3 months and fails to collect the credit card, the bank can take legal proceedings.

3. Consequences of overdue credit card repayment

If the cardholder does not repay the credit card in full after the due date and does not choose the minimum repayment amount, it may The following consequences will occur:

1. Consumption payments will no longer enjoy the interest-free repayment treatment.

The card-issuing bank will calculate interest on a daily basis based on the consumption amount as the principal from the day when the consumption occurs. The daily interest is 0.05% and compound interest is charged on a monthly basis; for the unpaid portion of the minimum repayment amount, the interest will be calculated on a daily basis. A late payment fee of 5 will be charged monthly.

2. Receive a reminder call and letter from the card-issuing bank.

Some people, due to ignorance and blind arrogance, not only do not repay the loan, but also "run away" by changing their address, mobile phone and other contact information so that the bank cannot contact them, thinking that in this way the bank can't do anything to them. . In fact, this approach is very wrong and absolutely undesirable.

When you apply for a credit card, your real-name information has been recorded by the bank. Once you "run away", the bank will determine that you have malicious overdrafts and arrears, and will call the police.

How to deal with an overdue credit card 2

1. How to deal with an overdue credit card

1. Apply for installment repayment: the cardholder cannot pay off the credit card in one go When you are in debt, you can call the customer service number of the credit card center on the credit card. After being connected, follow the phone voice prompts to transfer to manual service, submit an installment repayment application to the staff, and provide your ID number. After identity verification, you can Installment repayment is available;

2. Apply for minimum repayment: If the cardholder is temporarily out of money, he or she can apply to the credit card center of the issuing bank for repayment with the minimum repayment amount, so that only the entire bill needs to be repaid. The amount is about 10%, and the remaining balance can be repaid on the repayment date of the next bill.

2. What to do if the credit card cannot be paid

1. Change the credit card statement date

If the cardholder expects that he or she cannot pay the credit card, he or she can change the billing date on the credit card. Previously, you had to call the credit card center of the issuing bank to apply for a change of billing date (remember to apply before the billing date) to achieve the purpose of delaying repayment.

Tip: Each bank has different policies on whether the statement date can be changed and the number of times to change the statement date. Cardholders should call the bank in advance for consultation.

2. Time tolerance service

If cardholders can collect enough money within one or two days after the due payment date, they may wish to make full use of the bank's time tolerance service.

Tip: The time tolerance service requires cardholders to actively apply.

3. Ask for help

To avoid overdue payments on your credit card, borrow some money from a friend first, pay off the credit card, and then pay it back to your friend when you have sufficient funds. This method cannot be used frequently, but it can come in handy occasionally.

4. Minimum repayment amount/bill installments

The minimum credit card repayment amount and bill installments can also avoid overdue payments, but cardholders need to pay corresponding interest and handling fees to the bank. However, the minimum repayment amount of the credit card and the annual interest rate of the bill installment are as high as 18.25 and 14. It is OK for short-term emergency, but it is not recommended for cardholders to use it for a long time.

5. Use cards rationally

3. What will happen if the credit card is not paid

1. Interest and late fees will follow one after another

Credit card If the payment is not made, the cardholder will no longer enjoy the interest-free period, and will receive an interest of 0.05 per day starting from the day of consumption, calculated on a monthly compound interest basis. Not only that, but a late payment fee of 5% for the unpaid portion of the minimum repayment is unavoidable.

2. There are stains on your personal credit record

If you fail to repay the loan beyond the bank's grace period (2-3 days), your credit record will be stained. With credit stains, the loan amount you apply for is not only low, but the interest rate is also high.

3. Malicious overdrafts face sentencing

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings. my country's criminal law stipulates: If a credit card overdraft exceeds 5,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay it after being called for more than 3 times, the judicial authorities will take corresponding measures (sentence for more than 5,000 yuan; criminal detention for less than 5,000 yuan) .

How to deal with an overdue credit card 3

1. Can I negotiate with the bank to suspend the payment? How to apply?

1. Give an "irresistible" reason

According to the above-mentioned "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks", cardholders must be unable to repay before they can apply for personalized installments. Therefore, before applying, everyone must first express that they are irresistible. It was overdue due to reasons.

2. Show your determination to repay the loan, and your attitude of giving priority to repaying the bank's credit card, and choose forced installment or you will be unable to repay

Each bank has different policies regarding overdue time and amount. , once the application is rejected, there is little hope of successful application. If you are worried about being rejected, you can also seek legal help and strive for the maximum amount of reduction, divided into 60 installments.

2. What are the pros and cons of credit card suspension and suspension of accounts?

(1) Advantages

1. After suspension of interest and suspension of accounts, the debt can be repaid in installments to avoid profit rollover. A favorable situation occurs.

2. The interest-free loan can be repaid in a maximum of 5 years to ease the repayment pressure, and repayments will be made every month in accordance with the agreement.

3. After handling the suspension of interest payments, the bank will no longer collect debts from the cardholder.

4. After suspending the interest rate and suspending the account, you no longer have to worry about being charged by the bank. It is recommended that you make a recording before handling it as a voucher.

(2) Disadvantages

1. Suspension of interest is handled when the credit card is overdue, which has resulted in bad credit.

2. When the debt is not due, No further credit business from any bank can be processed until all is settled.

3. If you do not repay as agreed, collections will come back, and the bank may even charge your credit card directly.

3. What are the consequences of a malicious overdue credit card?

1. The borrower needs to bear the liability for breach of contract if the credit card is not repaid, usually high penalty interest and liquidated damages;

2. Suffering from collections by banking institutions;

What to do if a credit card is overdue?

1. If a credit card is overdue, the first thing to do is to pay back the money yourself. If so, your credit report will not be reported within 20 days (the policies of major commercial banks vary).

2. Within a few days, you can call customer service and explain the reason why you are overdue. This reason is usually due to irresistible force or due to negligence on your part.

3. Explain to the bank that there is no malice in the overdue payment. This point is also very important. If you find that the payment is overdue after timely payment, you should call the bank customer service in time to explain that you have no malicious intent to overdue the payment.

4. If the overdue time is relatively long, you don’t need to worry about the credit report, because it must have been included in the file. At this time, you can use the above negotiation method (most of them are useless) , in order to prevent the bank from freezing your credit card, you can use more money.

5. If there are really overdue credit problems that prevent you from getting a loan, you can also use a non-malicious certificate to solve the problem: that is, if there are minor problems in your credit report, and you apply to the bank for issuance of a credit card that is not caused by your own initiative, Malicious overdue certificate is also a method when the credit problem is not serious.

This concludes the introduction to bank credit card overdue processing and bank credit card overdue processing methods. Have you found the information you need?