How long is the credit card overdue?
If the credit card is overdue for enforcement, first of all, the bank needs to sue in court. If the cardholder still fails to perform the contract after the court decision, the bank may apply to the court for enforcement. Enforcement should pay attention to two times, one is the effective time and the other is the execution time.
Among them, the effective time is two years from the effective date of the judgment; The execution time shall be counted from the date when the court receives the application for execution. If there are no special circumstances, it must be completed within 6 months. If the execution is terminated under special circumstances, the corresponding time shall be deducted.
For example, after the credit card is overdue, the court decides that the cardholder will fulfill the repayment obligation on September 202 1 and 15, and if the cardholder still fails to repay, the bank can apply to the court for compulsory execution on any day from September 20021to September 2023. If the bank puts forward the compulsory execution on September 6, 2020, the court will complete the execution on March 6, 2026.
What if the credit card is not executed?
After receiving the bank's application for enforcement, the court will inquire about the assets under the cardholder's name. If there is a deposit, the deposit will be frozen and transferred to the credit card for repayment. If the deposit is not enough to pay off the credit card debt, or there is no deposit, but there are real estate, cars and other property under the name, it will be seized and detained, and the credit card will be repaid by auction.
Usually, the court will only enforce the cardholder's own assets, not the parents' assets. However, if the cardholder is found to have transferred the assets under his own name to his parents' name, these assets will also be enforced.
The above is the introduction of "how long is the overdue credit card compulsory", and I hope it will help everyone.