1. Will several banks with overdue credit cards jointly sue?

Several banks with overdue credit cards will generally not jointly sue. Mainly because the subjects are different. If your credit card is overdue and the bank says it will sue you, you should actively find the bank to negotiate.

Those who have overdue credit cards can pay off the balance during the lawsuit, and the bank will withdraw the lawsuit. In addition, cardholders can actively communicate with the bank after being sued, agree to the previous repayment method or provide a new repayment plan that is accepted by the bank, and the bank will withdraw the lawsuit. If there is no mediation or settlement, the bank will promptly apply to the court for enforcement after the debtor loses the lawsuit and the judgment is issued.

When a party files a lawsuit, it must first submit a bill of indictment and submit a corresponding number of copies according to the number of opposing parties. If the parties are citizens, the names, genders, ages, places of origin, and residential addresses of both parties should be stated; if the parties are units, the name, address, and name of the legal representative or person in charge of the unit should be stated. The main text of the indictment should state the requested matters and the facts and reasons for the prosecution, and the tail should be signed or stamped with an official seal.

2. Will you not go to jail for credit card debt?

Generally, you do not need to go to jail. After the bank files a lawsuit, the court will at most order repayment and will not impose criminal penalties. In addition, the court will determine whether the debtor has a malicious overdraft based on the actual situation. A normal overdraft is not considered a malicious overdraft. But even if it is a malicious overdraft, there is still a limit on the amount. Therefore, under normal circumstances, you will not go to jail for a credit card overdraft, but it is recommended to pay it off in time.

Overdraft will have the following consequences:

1. Consumption payments no longer enjoy the interest-free repayment treatment. In practice, the card-issuing bank’s approach is to calculate the consumption amount from the day the consumption occurs. Interest is calculated on the principal on a daily basis, with a daily interest rate of 5/10,000, and compound interest is calculated on a monthly basis. For the unpaid portion of the minimum repayment, a late payment fee of 5% will be charged on a monthly basis;

2. You will receive reminder calls and reminder text messages from the card-issuing bank. Once you "run away", the bank will If malicious overdrafts and arrears are determined, the police will be called;

3. It will affect personal credit records. Credit cards are all about credit. Therefore, if the credit card account is frozen by the issuing bank, the arrears record may be fed back to The People's Bank of China's personal credit reporting system will affect personal credit records and result in the inability to apply for housing mortgage loans normally;

In contemporary society, banks now have very strict review conditions for credit card processing. Yes, you must submit your identity document, and your credit qualifications also need to be reviewed. If you find that there is an overdue record before, there will be no way to handle it. Therefore, for credit card users, there must be no overdue payment.