What should I do if I owe 100,000 on my credit card? The consequences of defaulting on a credit card payment of 100,000

1. What should I do if I owe 100,000 on my credit card?

Contact the card-issuing bank promptly for installment repayment or deferred repayment. If a credit card is overdue for more than three months, the bank will directly file a lawsuit in court. The court is likely to blacklist the user. Being on the blacklist of trustworthy persons will directly affect personal life, restricting travel, restricting consumption and other penalties. Serious penalties It also affects the next generation’s education and employment. In addition, the courts will also enforce repayment. Once a personal bad credit record occurs, it will first affect your loan application.

2. Will an arrest warrant be issued if the credit card is not paid?

1. An arrest warrant may be issued.

If the amount you owe on your credit card reaches the standard for a criminal case and you refuse to repay, you will be prosecuted through the court. If the case is serious, an arrest warrant will also be issued.

2. Those who cannot repay their credit card may not necessarily go to jail.

(1) The law stipulates that if a cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and fails to return the card for more than three months after being called upon twice by the card-issuing bank, the amount shall not exceed 50,000. Only if the amount exceeds RMB 100, a case will be filed for prosecution, criminal liability will be investigated, and you may be imprisoned.

(2) If it is not a malicious overdraft, or the amount is relatively small, generally you will not go to jail.

(3) For overdue credit cards, the bank will file a civil lawsuit and pursue civil repayment liability.

3. Failure to pay the credit card will result in overdue payment, and penalty fees will be charged for overdue payments. All consumption in the current bill will not enjoy the interest-free period, and interest will also be calculated.

Mainly there will be a bad credit record. After the due date, you will enter the collection process, first send a text message to collect the goods, and then make a phone call to collect the goods. If it still doesn't work, you may come to collect the money or file a lawsuit through legal channels. If it enters judicial proceedings, the outcome will depend on the court's decision.

3. How many days after the credit card is overdue will a credit report be filed?

(1) Generally speaking, if a credit card is overdue for 3 days, a credit report will be filed. Most banks have a time tolerance service, which is usually 2 to 3 days. That is to say, users are allowed to complete the repayment within 2 to 3 days after the final repayment deadline. This situation is not allowed. Credit will be checked at the meeting.

(2) It should be noted that if a user has a credit report due to an overdue credit card, it will have an impact on future needs for loans, borrowings, etc. Therefore, it is recommended that the debtor pay off the debt as soon as possible , if you don’t have that much amount at the moment, you can call Bank of Communications to apply for installment.

If the credit card is overdue, there are two types of interest: the overdue interest on bank credit cards is generally 0.5% per day, and the interest is calculated based on the interest rate of 0.5%, and then the compound interest is calculated based on the interest rate of 0.5%. Until the cardholder pays off all the money. For the overdue portion, interest will be charged on the full amount and compound interest will be calculated on a monthly basis until the cardholder pays off the balance in full. If the credit card is currently overdue and the cardholder has not paid the minimum payment for more than three months, the bank will issue five months of agreed interest.

If you owe 100,000 to a credit card, the amount is relatively huge. The credit card center will first collect the debt by phone or text message. If it has no effect or is overdue for more than three months, the bank will If the cardholder is indeed unable to repay the card holder's application, the court has the power to conduct a compulsory auction or seal the property.