1. If the cardholder or borrower has loans and credit card arrears to repay to the bank before his life, but his death is caused by some reasons, according to the laws of our country, there are the following ways to deal with his credit card and loan. He owed money for various reasons after his death.
2. First of all, if the cardholder or lender dies unexpectedly, such as a car accident, work injury, etc., the accidental compensation obtained will be used to pay the arrears of the cardholder or lender before his life. The cardholder's relatives or lenders need to cooperate with the bank to complete the relevant work.
3. If the cardholder or lender fails to receive any compensation after his death, and the cardholder or lender still has his own living property, the bank will repay the loan with part of the living property through liquidation. If the residential property cannot repay the loan, the cardholder or the lender's immediate family will inherit the remaining loan.
4. If the immediate family members of the cardholder or lender are unable to repay, the bank will confiscate all the property of the cardholder or lender to pay off the debts, and the remaining outstanding debts will be treated as bad debts.
5. After the death of the cardholder or lender, if the property is not enough to pay off the debt, the remaining property can be mortgaged to repay the loan. However, it should be noted that if the property of the cardholder or lender is surplus property, the loan can be repaid by mortgage, otherwise the house will not be used by the bank to repay the loan.
6. If the cardholder or lender has no inheritance rights, children and spouses, the overdraft funds of the credit card have been squandered by gambling, and the credit card and loan under his name do not need to be repaid. This risk is borne by the bank.
It should be noted here that if the cardholder or lender's finance is inherited, the successor must repay the original debt before completing the final inheritance procedures.
Consequences of overdue credit card:
1, the most serious overdue consequence is to enter the credit card blacklist, resulting in a series of mortgage loans, car loans and so on can not be processed. It will even affect subsequent credit card applications, credit card withdrawals, online loans, etc.
2. There are liquidated damages, high interest rate and rolling interest. In the case of overdue debts, interest is very terrible.
3. In the face of bank collection problems, we will seriously inform our relatives and friends. Travel will be affected.
If the amount is large, the bank will sue and may bear criminal responsibility. Holding a credit card is not necessarily a criminal offence. The most important thing is to distinguish between goodwill overdraft and malicious overdraft.
According to the criminal law, malicious overdraft refers to the behavior of credit card holders who overdraw beyond the prescribed limit or time limit for the purpose of illegal possession and refuse to return it after being collected by the issuing bank.