What will happen if the card loan is overdue?

As a micro-loan platform for credit card repayment, I believe many people have heard of it. However, some friends have just returned their credit cards and solved the temporary difficulties. The credit card here is in loans overdue. The following small series sorts out the consequences of overdue card loans.

What are the consequences of overdue credit of WeChat card?

1, affecting the borrower's credit record.

The card loan has been connected to the central bank's credit information. Overdue repayment will leave a bad credit record and affect the handling of new credit business.

2. Generate overdue penalty interest.

The calculation formula of overdue penalty interest for card loan is as follows:

Total penalty interest = total overdue principal and interest? The corresponding default interest rate (one thousandth/day) x overdue days (from the day after the repayment date). If the deduction fails due to insufficient balance in the borrower's account, the borrower shall pay the penalty for the deduction failure, with the maximum charge of/kloc-0 per bill.

3, resulting in liquidated damages.

The calculation formula of overdue penalty for card loan is as follows:

Penalty for failed deduction = loan amount * 0.5%; Less than 50 yuan, according to the lowest 50 yuan, the highest 200 yuan charge.

Will the WeChat card loan really be collected at home?

According to feedback from netizens, WeChat card loans will indeed be collected by SMS or telephone when users have overdue behavior. However, at present, there is no real case of door-to-door collection of card loans. Nevertheless, considering a series of adverse effects caused by overdue, I suggest that everyone should repay the loan on time.

In addition, there have been major developments in Canada. If the bank card balance is sufficient but the automatic deduction is unsuccessful, you need to contact customer service 400 1809860 in time, or feedback the situation on the micro signal.