ICBC sent a text message saying that my credit card was suspended due to overdue. What effect will this have?

Failing to do so within the time limit will also affect the credit information, resulting in liquidated damages and interest, and serious cases will be prosecuted by the court and imprisoned.

The consequences of overdue credit cards are as follows:

1. The liquidated damages are generally the minimum repayment amount, that is, 5% of the unpaid part.

2, the interest rate is high, and it is rolling interest. When there are many debts, the interest rate is scary.

3. Overdue will tarnish the credit record, resulting in the inability to handle financial needs such as buying a house and lending in the next two years.

4. The overdue payment is more than 3 months, and the amount exceeds 1 000 yuan, and the bank has repeatedly failed to make dunning. At that time, you will not only pay back the money, but also bear criminal responsibility.

Extended data

After receiving the bill, be sure to keep in mind the last repayment date and try to pay off all expenses before the due repayment date. If you really can't afford it, apply for installment repayment as soon as possible or adopt the minimum repayment method to avoid being penalized by the bank.

People who have no economic income, such as students, should not apply for credit cards easily. Even if you don't use a credit card, you have to bear the annual fee and other items. Credit card holders give up the use of credit cards and go through the formalities of card withdrawal in time. Otherwise, the expenditure of credit cards and the interest and late payment fees generated in the later period will lead to personal economic losses and credit reduction, which will affect mortgage and car loans.

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