1. Recovering the arrears: Banks or financial institutions may take legal measures to recover the overdue credit card arrears.
2. collection action: banks or financial institutions may entrust collection companies to recover overdue payments, including by telephone, letter and door-to-door reminders.
3. negative impact: overdue records will be reported to the credit bureau, which will have a negative impact on the personal credit score. Declining credit score may lead to difficulties in applying for loans or credit cards in the future.
4. legal prosecution: if the overdue payment is large or overdue for a long time, the bank may choose to sue the debtor and recover the arrears through legal channels.
conclusion: overdue credit cards may lead to prosecution, but the specific consequences will vary according to the severity and amount of the case. In order to avoid bad consequences, it is very important to repay the credit card arrears in time.
Extended information: Credit card overdue involves relevant laws and regulations, such as the Contract Law and the Civil Procedure Law. According to these laws, banks or financial institutions have the right to take legal measures to recover overdue funds, and may take different recovery measures against debtors, including prosecution and seizure of property. Therefore, when using credit cards, we should abide by the repayment agreement and repay the arrears in time to avoid legal disputes and bad credit records.
Please note that the information provided above is for reference only. Please consult professional legal advice or relevant institutions in specific cases to obtain accurate and comprehensive information.