1. loans overdue: Overdue repayment refers to the situation that you fail to repay the loan according to the agreed time. If the online loan cannot be repaid on time, the borrowing institution has the right to take corresponding measures to safeguard its own interests.
2. Bank card association: Many borrowers need to associate their bank cards with the loan platform when applying for online loans. In this way, the borrower can recover the arrears by freezing the bank card.
3. Collection measures: Borrowing institutions usually take collection measures to recover overdue debts. One of them is to freeze the borrower's bank card, restrict its capital flow and promote repayment.
Summary:
Overdue repayment of 5000 yuan may cause the bank card to be frozen. In order to avoid becoming an "old-timer", it is suggested that you contact the lending institution as soon as possible to understand the repayment plan and try to repay on time. If you can't repay the arrears immediately, you can also discuss with the borrowing institution the installment payment and other solutions. Timely communication with borrowing institutions is an important step to avoid bad credit records.
Extended data:
In China, overdue repayment may lead to personal credit record damage, which will affect the ability of credit lending in the future. According to Article 548 of the Civil Law of People's Republic of China (PRC), the borrower has the obligation to repay the loan at the agreed time and manner. Borrowing institutions can take legal and compliant measures to recover debts, one of which is to freeze bank cards. Therefore, it is suggested that borrowers should fully consider their repayment ability when applying for online loans to avoid the consequences of overdue repayment.