What Kind Of Sanctions Are Applied Due To Credit Card Debt
Interest Work With Credit Distributor Profit
In the case of late payment of borrowing, interest of up to 2.52% of monthly default interest can be applied to the portion of the period up to the minimum payment amount of the period in the last quarter of 2016, and maximum amount of 2.02% of monthly interest can be applied to the portion of the period excluding the minimum payment amount.
Current And Delay Interest Rates
Delay and fixed interest rates are set every 3 months in light of market interest rates. In the related law, this issue is defined as “the Central Bank is authorized to determine the maximum current and default interest rates and discloses these rates every 3 months.”
Card Cash On Payment Delay
If the minimum payment amount is paid three times in a calendar year in accordance with the regulation issued in accordance with the relevant law, the credit card will be closed for up to the next year.
Legal Transaction May Be Started For Credit Tickets
According to the Consumer Credit Agreement Regulation, the bank may charge the user who fails to pay two consecutive minimum payments within 30 days of receipt of all receivables. This gives the card user a legal period of approximately 90 days from the last payment paid until the start of the follow-up period.