What does it mean to be overdue for five months out of five years

5 months overdue means that in the last 5 years, there are 5 months of overdue repayment, that is, the repayment is not made on time because the bad information record of personal credit is kept for 5 years, so the credit report will say that within 5 years. 5 months overdue means that in the last 5 years, there are 5 months of overdue repayment, that is, the repayment is not made on time or the repayment is insufficient. This will not disappear until 5 years after the overdue occurrence.

1. Overdue not only has a late fee of 5% of the minimum unpaid part (minimum 10 yuan), and the full amount of penalty interest on the bill (5/10,000 of the daily interest, interest will be calculated from the day of consumption, and the interest will be compounded on a monthly basis until the principal and interest are paid off), but also bad credit records will be generated in the credit information center of the People's Bank of China, affecting the application of credit cards and bank loans within 2 years.

2. If you are overdue for more than three months or the bank does not repay the loan more than twice, the bank will freeze your card and list you as a prohibited customer (blacklist), and at the same time, it is also possible to sue you for credit card fraud and malicious overdraft, which will be enforced by the court. If you refuse to repay the loan after prosecution and the amount owed exceeds 10,000 yuan, the court will sentence you according to Article 196 of the Criminal Law for the crime of credit card fraud!

3. Article 196 of the Criminal Law stipulates that the following circumstances apply:

1. Where credit card fraud is carried out, and the amount is relatively large, a sentence of up to five years imprisonment or short-term detention is to be given, and a concurrent fine of between 20,000 and 200,000 RMB is to be given; where the amount is huge or there are other serious circumstances, a sentence of between 5 and 10 years imprisonment and a concurrent fine of between 50,000 and 500,000 RMB is to be given; where the amount is especially huge or there are other especially serious circumstances, a sentence of 10 or more years imprisonment or indefinite imprisonment is to be given, and a concurrent fine of between 50,000 and 500,000 RMB or confiscation of property: (1) Using a forged credit card, or using a credit card fraudulently obtained with false identification; (2) Using an invalid credit card; (3) Fraudulently using another person's credit card; (4) Malicious overdraft. Malicious overdraft refers to the act of the cardholder exceeding the prescribed limit or the prescribed period of overdraft for the purpose of illegal possession, and still refusing to return it after being collected by the card-issuing bank.

4. If there is no repayment once, the bank will notify and remind you to repay on time through ** or SMS, and penalty interest will be incurred. If the loan is not repaid for three consecutive times, the bank relationship manager will collect the loan and the borrower will be penalized with interest. If the number of overdue repayments reaches six or more, the bank will go through legal means to protect its rights and interests, and the property may be frozen during this period.

If the negotiation between the bank and the borrower fails, the bank will go through legal procedures to auction the mortgaged property.

The solution to the problem of repayment of the mortgage: extend the loan term: If you cannot repay the mortgage on time according to the original repayment plan, you can apply to the bank to extend the loan term.

After the bank's approval, you can sign a deferment agreement, and you usually only have one chance to apply for a deferment of repayment, and the maximum period after the extension cannot exceed 30 years.

Summary. Impact of overdue: 1. Overdue borrowers will face high interest and liquidated damages, and the pressure on users to repay will increase, making it more difficult to repay debts; 2. The borrower will be blacklisted by the loan unit, and may also face violent collection by the loan unit, which will seriously affect the daily life of the individual and the surrounding relatives and friends; 3. The borrower's credit investigation will have a bad information record, and the subsequent borrower will be affected to varying degrees when handling business in other units; 4. If the borrower has serious overdue behavior, he will be restricted by the state from consumption and will not be able to enjoy social public services and benefits.

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Two months overdue within five years means that in the past five years, the personal credit report has been overdue for five years, and the inland stool has been overdue for two months. From the time node before you to the time node five years ago, there were two cases of failure to repay the loan on time and in amount, so that the state of overdue occurred, but the sum of the arrears did not exceed 90 days.

1. Overdue borrowers will face high interest and liquidated damages, and the pressure on users to repay will increase, making it more difficult to repay debts; 2. The borrower will be blacklisted by the loan unit, and may also face violent collection by the loan unit, which will seriously affect the daily life of the individual and the surrounding relatives and friends; 3. The borrower's credit report will have a bad information record, and the subsequent borrower will be affected to varying degrees when handling business in other units; 4. If the borrower has serious overdue behavior, he will be restricted from consumption by the state, and he will not be able to enjoy the public promotion services and benefits.

As long as it is not maliciously not repaid, it will be fine, even if it is overdue for more than 90 days, it will be okay to repay it within the bank deadline, but it is important to note that if the money is repaid after 90 days overdue, usually the bank will stop your credit card, at this time you must go to the bank to open the card, continue to use the credit card, so that the credit will rise, if the bank stops the card, you don't have to, at this time the bank will block you, make a credit report, be sure to explain the reason for overdue, Let the bank understand why you are overdue, and make the bank feel excusable.

Further Material: Loan Overdue Impact:

1. Failure to repay within the time limit will affect personal credit. If a lender borrows money from the bank and fails to repay it on time, his personal credit report will leave a bad credit record. If you want to apply for a credit card or loan in the future, it will be difficult and will be rejected most of them, which will cause a lot of trouble to your production and life.

2. The most direct consequence of not repaying the credit loan is high penalty interest, and you may need to pay a certain amount of liquidated damages. Even the principal and interest add up to a lot of expenses, and the result of not repaying the loan on time is to increase the financial pressure even more.

3. If the lender fails to repay within the time limit, the lender faces various collections. Banks or financial institutions have their own collection systems, and after the lender is overdue, the primary collection will send you a text message and call ** to collect. If you don't pay it back for a long time, the degree is more serious, and there will even be face-to-face collection by the collector, and the overdue person should be prepared, or should find a way to pay off the money as soon as possible, so as to solve it.

4. If the lender fails to repay the loan for a long time and the amount is relatively large, the lender may be sued by the financial institution. After the lawsuit is accepted and the court pronounces the judgment, the lender's assets may be seized. This is a "repayment award" that the lender must enforce, otherwise, the court will seize the property and other assets in your name according to the law, and use the auction proceeds to repay the arrears.

5. If the circumstances are serious, you may go to prison. Normally, such incidents as non-repayment of borrowed money are civil disputes and will not rise to the criminal level. However, if some lenders refuse to perform and insist on repayment, and the circumstances are serious and heinous, the court will also investigate the criminal responsibility of the borrower, and depending on the circumstances, the borrower will be imprisoned if the circumstances are serious.

Summary. In addition, the record of "three and six in a row" is only valid for five years, and the overdue amount of 2000 yuan is calculated from the date of overdue, and the credit bureau will delete it after five years. Adhere to the five-year report, the personal report will be "new".

What does it mean to be overdue for 6 months in a five-year period without more than 90 days.

If the loan is overdue for 6 months and does not exceed 90 days within 5 years, it means that the loan has not been repaid on time for 6 times within 5 years, and there is no situation where 90 days of overdue has occurred. There have been three overdue in five years, but none of them exceeded 90 days, which means that these overdue have been paid off within 90 days, such as 60 days or 30 days overdue, etc., and have not met the standard of bad credit.

In addition, the record of "three and six in a row" is only valid for five years, and the overdue amount of 2000 yuan is calculated from the date of overdue, and the credit bureau will delete it after five years. Adhere to the five-year report, the personal report will be "new".