Legal analysis: Overdue repayments on bank credit cards have been frozen. You should immediately negotiate with the bank for repayment and repay on time. If left unchecked, the consequences will be serious. First, if you fail to repay the loan after the due date for a long time, the bank will call you to urge you to repay. If you still have not repaid, the bank will feel that there is no hope of repayment and will sue in court or call the police to the public security department. At this time, it is not just a matter of repayment, but also possible There will also be jail time; secondly, overdue credit cards will affect your credit record, and credit stains will be recorded in the credit reporting system. If you want to apply for other bank loans or credit card business, the bank will check the credit report. If there is any debt, do not Banks generally will not accept applications if the records are not returned. So try to find a way to pay off the debt, and the card may be restored after the suspension. After that, it will take about 2 years to accumulate a good credit record of credit card use and repayment, and use good records to cover up the original bad records.
Legal basis: "Regulations of the Supreme People's Court on Seizing, Detaining, and Freezing Property During Civil Execution by People's Courts"
Article 21: Seizing, detaining, and freezing property of the person subject to execution Property shall be limited to a value sufficient to repay the creditor's rights and execution costs determined in legal documents, and shall not be seized, detained, or frozen if the amount obviously exceeds the limit. If it is discovered that an amount in excess of the standard has been sealed, seized, or frozen, the people's court shall, based on the application of the person subject to execution or ex officio, promptly lift the seizure, seizure, or freezing of the property exceeding the specified amount, but the property is indivisible and the person subject to execution has no right to do so. Except for other assets available for execution or other assets that are insufficient to pay off the debt.
Article 33 If a financial institution unfreezes the funds frozen by the people's court without authorization, causing the frozen funds to be transferred, the people's court has the right to order it to recover the transferred funds within a time limit. If it fails to recover within the time limit, it shall be ruled that the financial institution shall bear liability to the person applying for execution with its own property within the scope of the transferred money.
Article 37 If the relevant unit pays the person subject to execution or other persons without authorization after receiving the notice from the People's Court to assist in the enforcement of the income of the person subject to execution, the People's Court has the right to order it to recover it within a time limit; if it exceeds the time limit, If the amount is not recovered, it shall be ruled to bear liability to the person applying for execution within the amount paid.
"Interpretation of the Supreme People's Court on the Application of the Civil Procedure Law of the People's Republic of China" Article 487 The period for freezing the bank deposits of the person subject to execution shall not exceed one year. , the period for sealing up or detaining movable property shall not exceed two years, and the period for sealing up or freezing other property rights shall not exceed three years. If the person applying for execution applies to extend the time limit, the people's court shall handle the renewal procedures for sealing, detaining, and freezing before the expiration of the sealing, detaining, and freezing period, and the renewal period shall not exceed the period specified in the preceding paragraph. The People's Court may also handle the continuation of sealing, seizure, and freezing procedures in accordance with its authority.