Does it matter if Guangfa Credit Card is overdue for 3 days?

If the user has applied for an extension of repayment for 3 days before repayment, it doesn't matter if Guangfa Credit Card is overdue for 3 days. Payment overdue for 3 days is still within the grace period of repayment. During this period, as long as the arrears are settled, users will still repay on time.

If the user applies for a three-day delay in repayment within a natural year, the three-day delay of Guangfa Credit Card will have a negative impact.

The negative effects of overdue include overdue interest, collection and overdue credit records. For users, the consequences of overdue credit cards are more serious.

After the credit card is used, it is called overdue if it is not repaid to the bank within the specified date. The bank will charge interest on overdue repayment at a daily rate of 0.5%. Interest is calculated from the date of consumption, not from the day after the last repayment date. Calculate compound interest on a monthly basis, and the principal calculated by interest is the sum of the consumption funds of that month.

Credit card overdue repayment will face the following consequences:

Credit card late payment fee. The so-called credit card late payment fee refers to the fee that the cardholder should pay to the issuing bank in accordance with the regulations when the repayment date is overdue or the repayment amount is lower than the minimum repayment amount.

Overdue interest. After users overdraw with credit cards, there is generally an interest-free repayment period ranging from more than 20 days to more than 50 days. If the cardholder's repayment is overdue, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.

Bad credit record. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records. China's personal credit information records have been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank.

Legal fees. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to send a lawyer's letter to the user and bring a lawsuit to the court, and the litigation expenses will be borne by the cardholder.

Criminal responsibility of malicious overdraft. According to Article 196 of China's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.

Whoever commits credit card fraud with malicious overdraft shall be investigated for criminal responsibility for the crime of credit card fraud, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 20,000 yuan but not more than 200,000 yuan.

In principle, as long as a credit card is overdue once, it will produce a bad credit record. No matter how long it is overdue, it will be recorded in the personal credit information system under the central bank.

Generally speaking, the personal credit report provided by the central bank only gives the cardholder's credit card use record for nearly 24 months; Therefore, credit card overdue records before 24 months will not be displayed in personal credit report, but it will take 5 years to completely eliminate credit records.