1. How long does it take to settle an overdue credit card lawsuit?

It takes about six months for a judgment to be issued after a lawsuit is filed for credit card debt. According to the relevant provisions of my country's "Civil Procedure Law", the time limit for the People's Court to apply ordinary procedures to hear first-instance civil cases is 6 months; if there are special circumstances that need to be extended, it can be extended for 6 months with the approval of the president of this court; also If an extension is needed, the case must be submitted to the superior court for approval; the trial period for cases subject to simplified procedures is 3 months and cannot be extended. If the trial cannot be concluded within 3 months, the case will be transferred to ordinary procedures and continued.

2. What are the consequences of paying off credit card debt

1. High interest and late fees

Cardholders who do not repay credit card debt will no longer enjoy the credit card exemption. During the interest period, interest of 0.5% per day will be calculated starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

If the credit card is not repaid in time after the interest-free period of the credit card, the bank will charge the credit card holder a late payment fee, the proportion of which is 5% of the unpaid portion of the minimum repayment amount. After a certain period of time, the bank will charge the card holder Charge higher penalties.

2. Personal credit stains

As long as you have applied for a credit card or a loan, you will know how important your personal credit record is. It will be difficult to apply for a credit card. This is not the most troublesome thing. The worst thing is that if you want to buy a house in the future and your credit is stained, the loan amount of the mortgage loan will be smaller than others, and the interest rate will be higher than others. If the application is seriously overdue, Even if you want to pay more interest rates, banks will not lend to you.

3. Credit card is suspended

If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings. my country's criminal law stipulates that if a credit card overdraft exceeds 5,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay the debt more than three times, the judicial authorities will take corresponding measures (a sentence of more than 5,000 yuan and criminal detention of not more than 5,000 yuan).

As long as the credit card is overdue for more than three months, it can be resolved by litigation. As long as the court files the case, it will review the case materials and determine that there is no objection, and then a court hearing will be held. Generally, the simpler the case, the shorter the trial time will be. Therefore, you must find all the evidence before filing a lawsuit so that it can be handled faster.