There are 5 types of collection,

Text message collection, bill collection, phone collection, door-to-door collection, judicial collection

M1 30-60 days before default ,

60-90, M2

90-120, M3 and so on, which are phone collections

M6-M7 seem to come to your door,

When you arrive at M9, you will receive a summons from the court.

Bank of Communications cards can be used in installments at any merchant or product. For any single payment of RMB 1,500 or USD 100 with the Bank of Communications Pacific Dual Currency Credit Card (the starting installment amount of Bank of Communications Y-POWER Credit Card is RMB 500 or USD 60), the payment must be repaid until the maturity date 2 days after the transaction date. Call the 24-hour customer service hotline of the credit card center three days before the payment date to freely divide the consumption into 6, 9, 12, 18, and 24 monthly payments, and are no longer restricted by designated stores and products.

Bank of Communications installment fee schedule:

Transaction amount (yuan) Monthly handling rate (%) Monthly repayment amount (yuan)

1,500 0.72% 73

6,500 0.70% 316

12,500 0.68% 606

An example of how to calculate monthly installment payment:

Principal: 6,500 yuan

Number of installments: 24 months

Monthly handling rate: 0.70%

Monthly repayment amount: 6,500×0.70 %+6,500÷24＝45.5＋270.83＝316.33 yuan