2023-09-01 09:33:47
It is important to make the payment on time Photo: Andina
The credit card has been a very useful tool for thousands of people to pay for products and services efficiently with the benefit that income can be paid little by little or in a set period of time; however, there are times when it is difficult to make payments at the stipulated times, a situation that can cause problems for the card owner.
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Many people face situations that prevent them from making their payments, either due to a medical emergency or expenses that were not foreseen and that mean that the full amount is no longer available to issue the payment, generating a delay. When something like this happens, some consequences can be triggered and we are going to tell you about them here.
Regardless of the issue for which full payment was not issued on the date it should have been made, next month the debt will increase by a percentage of interest.
If the payment is not made on time, the debt will increase (Télam)
Although according to Bancomer (BBVA) the most advisable thing to do when not being able to afford the full amount of payment is to at least do everything possible to cover the minimum amount of the total amount of income to be paid.
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However, in the event that the minimum payment is not made, the bank to which the card belongs will contact the card owner to remind him that he did not make the payment on the corresponding date.
Subsequently, if the payment is not made within the first 72 hours, the bank will suspend the card and it will not be possible to continue using it until the minimum payment amount is deposited.
During the first 72 hours without making the payment, the Clara Corporate/Handout card will be suspended via REUTERS ATTENTION EDITORS – THIS PICTURE WAS PROVIDED BY THIRD PARTIES/Archive
If more time passes without the payment being executed, when a month is up the bank will continue to make constant calls not only to the person who has the debt, but also to the people they have placed as references when requesting the card.
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Once more time has passed after the end of the month, the person’s data will be provided to the collection offices.
Another thing that will happen in case of not making the payment will be that a negative report will be generated in the Credit Bureau, which will have a negative impact for the rest of the person’s life, since it will affect their financial reputation and any bank. or institution that carries out an investigation on the history of those who have not covered their debts may discover that they are in said Bureau and it will be very difficult for them to decide to grant you a loan again.
If time continues to run, the person can be attached to the Credit Bureau
It is worth mentioning that before what was stated above, there is another solution that could help to facilitate the payment of money, since a negotiation can be reached with the bank so as not to suffer negative consequences in the future.
One of the functions that the bank has in debt cases and that can be very useful is that it can freeze the money that is owed so that interest does not increase.
The only thing that the person must do is that they will have to approach one of the executives that are part of the bank to find out the easiest way to carry out the agreement, in addition to reaching an agreement that is effective for both the person who have the debt as for the bank.
Something that certainly cannot be missed before starting to use a credit card is knowing all the functions it has and the negative implications that not using it properly can have.
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