According to the provisions of the Criminal Law, a credit card with a malicious overdraft of more than 5,000 yuan will not be repaid after three months of collection by the bank. If the circumstances are serious, criminal responsibility may also be investigated for fraud. For defaulting customers, after entering the judicial process, it will not only affect their reputation, but also lose more costs. In addition to paying off the debts, they will also bear the litigation costs.
Extended data:
Consequences of overdue credit card:
1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part. If you owe 10000 yuan, and the minimum repayment amount is 1000 yuan, you only pay back 400 yuan, but you miss 600 yuan, then the penalty is 600*5%=30 yuan.
2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary. For example, you owed 654.38+million yuan on the 5th of last month, and only paid 654.38+million yuan on the 5th of this month, and you still owe 90,000 yuan, so the interest is calculated according to the original debt of 654.38+million yuan. 1 month later, plus interest, it is ***9 1500 yuan. When calculating next month's interest, you will add up last month's interest and calculate it at 0.05% per day.
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.
Suggestions on overdue credit card processing:
1, no matter how much you need to pay back, try to pay back a little, so that the bank can see your attitude; Before the final repayment deadline comes, take the initiative to call the bank credit card center to explain your financial situation, declare that you are not maliciously in arrears, and apply for deferred repayment and interest concessions.
2. In view of the cardholder's positive performance and previous good credit record, banks often agree to postpone repayment, and negotiate with the cardholder the repayment plan, extension period, interest discount, monthly repayment amount, etc. acceptable to both parties. In this way, if you take the initiative to contact the bank and the bank agrees to postpone the repayment, you will not be recorded in the bad record, but it should be noted that you will be guaranteed to repay the loan as agreed in the future.
3. If you forget to repay the loan for a while, you must repay the loan as soon as possible, preferably in full. Then call the bank's credit card center to declare that there is no malice. If the past record is good and the overdue time is short, if the repayment is found to be good after the overdue, it may not be recorded in the bad record. Be sure to pay attention to the bank's bill notice and collection information in the future to avoid overdue.
4. Credit card repayment information will be recorded by the central bank's credit information system for 24 months, that is, the bad credit records generated by overdue credit card repayment will be kept in the credit information system for two years. If you terminate with a card, the corresponding record will not scroll, but will be saved for a long time. Therefore, after the overdue repayment of the credit card, it is best not to cancel the credit card immediately after paying off the arrears, but to insist on using the card for more than two years, during which time, to maintain a good credit, so that the bad records can be cleared from the credit information system through rolling records.
References:
Baidu encyclopedia-credit card repayment