What happens if your cash card is overdue

It is advisable to repay the arrears as soon as possible, resulting in severe overdue will face:

1. Bear high overdue fees.

For overdue fees, different online lending platforms have different names and different charging standards. Whether it's called overdue penalty interest, overdue management or other various names, the fees are very high. Therefore, if you have the ability to repay the loan on time, you should never overdue.

2. Bear the fancy collection of the platform.

Collection is generally divided into three stages: the first stage, just a few days overdue, the platform customer service mm softly and warmly reminds, telling you that you have been overdue, please repay on time; In the second stage, if it is overdue for a long time, the platform's customer service will seriously warn that it will face serious consequences if it is overdue; In the third stage, after a long time of overdue, the platform no longer persuades each other and begins to take practical action.

There are many kinds of practical actions, such as: the platform pushes your arrears information to your relatives and friends, so that you lose face in the circle of friends; The platform arranges special collection personnel to collect door-to-door, face-to-face communication and accounting. Of course, these are still relatively mild.

Some platforms outsource the collection and collect it by a specialized collection company, and the collection company that broke out some time ago is "violent collection", and I believe that borrowers are unwilling to encounter it.

3. The People's Bank of China's credit investigation is stained.

At present, most online lending platforms have not yet been connected to the credit information system of the People's Bank of China, but access to the credit information of the People's Bank of China has become an inevitable trend. In the future, if the online loan platform fails to repay the loan overdue, it will be recorded in the credit information system of the People's Bank of China in the same way as bank loans and credit card overdue, resulting in credit stains. If the previous consequences are just disgrace, then the stain on the credit will affect the actual life, if you want to buy a house, you can't get a loan, you can't get a mortgage if you want to buy a car, and so on.

4. The defendant goes to court.

After the loan is overdue for a long time or deliberately does not repay, and the amount exceeds 2,000, it can already constitute a crime of fraud, and there is a risk of being sued by the online loan platform in court. Once the court rules in favor of the online lending platform, the borrower will have to pay the litigation costs and huge fines of both parties in addition to the amount that needs to be repaid, and even face jail time.

Late fees will be incurred, and the credit value will also be reduced, which will have an impact on future borrowing.

There will be three bad consequences:

incurring late interest and late fees;

Poor credit records;

The bank will collect and may face criminal issues.

Credit Card Overdue Solution:

1. If the cardholder forgets to repay the loan and finds that it is overdue, he must repay the loan as soon as possible, preferably in full. Call the credit card center of the bank ** and declare that it is not a malicious arrears. If the overdue period is short, the bank may not count the bad record;

2. If the credit card is overdue due to unemployment, illness or other reasons, the cardholder should take the initiative to contact the bank credit card center before the repayment period, explain his or her economic situation, declare that he is not maliciously in arrears, and apply for deferred repayment or installment repayment;

3. If the cardholder takes the initiative to apply for a postponement of repayment, the bank will often agree to the extension, and the bank and the cardholder will agree on a mutually acceptable repayment plan. In this way, the bank will not keep a bad record, but it must repay the loan on time after applying for an extension;

4. Credit card repayment information is rolled by the central bank's credit information system for 24 months, and the record of overdue credit card repayment will be kept in the credit information system for two years. Therefore, it is best not to cancel the credit card immediately after the cardholder is overdue, and it is best to insist on using it for more than 2 years, and then maintain a good credit history.