Someone has asked similar questions before, and I have answered them.

What measures will banks generally take if a credit card is overdue and what will happen in the end? This is a question that many people are concerned about.

If the credit card is overdue and cannot be paid, the bank will first conduct internal collection. If the internal collection fails, the bank will often entrust a third party to collect the money. While collecting the money, the third-party collection company will often find out through various channels. The cardholder's financial status, including personal property, liabilities, income, real estate, etc., will often come to investigate and collect evidence when necessary, and then conduct comprehensive research and judgment based on the results of the investigation and evidence collection to determine whether the cardholder still has the ability to repay.

If the cardholder still has property (such as a house, car, etc.) in his name or has a high income, he has a certain ability to repay the loan. Then the collection company will increase the intensity of collection against the cardholder. If the cardholder still does not repay, and if the amount owed is large, the bank will usually take the cardholder to court and apply for enforcement after the court makes a judgment. , freeze all property and bank cards in the name of the cardholder, and even Alipay and WeChat accounts, forcing the other party to repay. If the other party still does not repay, the property in the name will be forcibly auctioned by the court to pay off the debt. If the assets are not enough to pay off the debt, the court may The cardholder will be included in the default list.

If after investigation it is found that the cardholder has nothing in his name, his income level is not high, he really does not have the ability to repay, or the amount of debt owed is relatively small, then the bank may not sue the court and may freeze it first. The cardholder's account is then directly treated as a bad debt or as a non-performing asset, packaged and transferred to an asset management company. Third-party asset management companies will continue to collect collections from cardholders, but the frequency and intensity of collections will be greatly reduced.

If the bank does not package and transfer the cardholder's claims and just treats them as bad debts, then the bank will cancel the cardholder's personal account and generally will not collect debt from you.

But if you do this, the cardholder’s credit report will be black for life. Since the credit card debt has not been paid off, the overdue record will not be automatically eliminated no matter how many years pass (the overdue record must be paid off before the credit card is cleared). It will take five years to be automatically eliminated) and you will never be able to get a bank loan in your life.

Then some people will say that I can’t go there until I have money? Since the cardholder's account has been canceled after being listed as bad debt, if the cardholder has money to repay in the future, he must first apply to the bank. Whether the bank will approve it or not is a question. Even if it is approved, the procedures are very cumbersome. And after paying off the debt, you have to wait another five years for the overdue record to be automatically eliminated.

This is actually very uncomfortable, so if you have the conditions, it is better not to let your credit card expire.

You always have to pay back the money you owe. If you can’t pay it now, just hold off for the time being. Get the money first and pay it back slowly later. Did your 100,000 yuan come from one card or from several cards? If it is from several cards, it may become a bad debt in the end. If it is from one card, it may be sued. If you are sued, just respond to the lawsuit. In the end, you still have to pay back the money, so don't think about not paying it back.

I can teach you a simple debt restructuring method.

First of all, when your credit card is three overdue bills, take the initiative to call the bank and explain that the situation requires personalized installments. At this time, it is almost impossible for the bank to agree, so we don’t need his consent. We only need you to record the phone call.

Then find the China Banking and Insurance Regulatory Commission in the area where the bank’s head office is located to make a complaint.

The reason for the complaint is that the bank did not follow the "Management Supervision of Credit Card Business of Commercial Banks". Under special circumstances, we will negotiate on an equal footing with overdue cardholders who are willing to repay but lack the ability to repay, and carry out debt restructuring.

Remember conditions 1. What is special under special circumstances, such as unemployment, major illness, etc. Then you have to get these certificates, such as unemployment certificate. Proof of low income, proof of hardship, etc.

2. Willingness to repay, I just said you should call and record that is your willingness to repay.

3. Negotiation on an equal footing means that the bank can agree to give you a personalized installment plan, or you don’t have to accept the bank’s installment plan. Just accept it as soon as you see fit.

Then wait 15 working days for the bank negotiation specialist to call you to discuss the installment matters and upload the certificate. The bank provides an installment plan.

That’s it.

I hope my answer can help you. As a blogger with a credit card debt of 320,000 yuan, I hope to help you get through the difficulties

No matter whether you are unable to pay it off or deliberately If you don't pay it back, the bank will definitely sue you in the end.

If you have assets in your name and you do not repay them, the court will enforce them.

First, I went through debt collection, then my address book was blown up, and finally I went through a series of negotiations, and then I paid back the money. There was no way, no matter what, I still had to pay back the money I owed, whether I wanted to or not. Dropped