It is generally understood that M is the abbreviation of repayment months (Months). The time period referred to by "M1" is "between the second bill date of non-payment and the last repayment date of the second bill." During this period of time, the bank adopts a reminder collection method, and imposes penalty interest on unpaid amounts and charges late payment fees.

The time period referred to by "M2" is "between the third bill date of non-repayment and the final repayment date of the third bill." During this time, bank collectors will call to inform you of the consequences of non-payment. If necessary, we will contact the debtor's relatives and friends to assist the debtor in repaying the debt.

The time period referred to by "M3" is "between the fourth bill date of non-repayment and the final repayment date of the fourth bill." During this period of time, banks adopt a forced repayment approach, and collectors will require debtors to repay through phone calls, text messages, and letters from lawyers.

Credit cards are issued by banks. Banks are not charities, but commercial institutions. The core purpose of banks issuing credit cards to everyone is to make money, so when everyone is overdue, the bank will definitely Try every means to get the money back. At this time, overdue users will face various collections.

First, don’t deliberately avoid bank collection. Bank collection is the duty of banks, but you don’t have to worry too much about bank collection. After all, banks are formal financial institutions officially established by the China Banking and Insurance Regulatory Commission, and according to relevant policies and regulations of our country, banks cannot use violent collection methods. The customer collects the money. Therefore, in the face of bank collections, you do not have to deliberately avoid them, but you must bravely face various bank collections. One advantage of doing so is to avoid being suspected of malicious overdrafts.

Second, do your best to pay back some money every month. If everyone's overdue amount is relatively large, such as 50,000 yuan, and the overdue time is relatively long, and at the same time, when facing bank collection, everyone ignores it, or even takes confrontational measures to avoid bank collection, that is It is very likely to be judged as a malicious overdraft. According to the current legal provisions of our country, if the amount of malicious credit card overdraft reaches more than 50,000 yuan, it may be deemed as a crime of credit card fraud, and you will be held criminally responsible.

Third, try to negotiate with the bank for installment repayment. According to the relevant regulations on credit card management in my country, if the repayer is really unable to repay the credit card bill, but still has the willingness to repay, the bank should negotiate repayment with the debtor, and the final solution for negotiated repayment is basically to suspend interest and suspend the debt. , that is, the bank stops charging interest, and then repays the amount owed by the debtor in installments, but the maximum installment period cannot exceed 5 years.