1. How many days of detention will be required for overdue credit cards?
Overdue credit cards will be detained for no more than fifteen days. If the amount of outstanding debt exceeds RMB 10,000 and is still not repaid for more than three months after two collections by the card-issuing bank, it shall be deemed a malicious overdraft under the criminal law and suspected of credit card fraud. If the malicious overdraft amount is relatively large and all the overdraft interest has been repaid before the public security organ files the case, and the circumstances are obviously minor, criminal liability may not be pursued in accordance with the law. If a person refuses to fulfill the legally effective judgment or ruling of the People's Court, the People's Court may impose a fine or detain him or her according to the seriousness of the case. Regardless of whether it is detention decided by the public security organ, detention decided by the People's Procuratorate, or judicial detention decided by the People's Court, it will all be implemented by the public security organ. Under normal circumstances, the maximum period of detention for criminal proceedings is 14 days. Major suspects who commit crimes on the run, commit crimes multiple times, or commit crimes in groups will be detained for a maximum period of 37 days.
2. What is the overdue interest on credit cards?
When a credit card is overdue, banks generally charge two fees, one is overdue interest, and the other is late payment fees. At present, the interest rate for overdue credit card repayments in all banks is the same, which is 0.5% per day, and compound interest is calculated on a monthly basis. It is important to note that the principal for interest calculation is the total consumption amount of the month, and the interest accrual time is: interest accrual starts from the day of consumption. Because the cardholder fails to repay on time, the bank will also charge late payment fees. The late payment fee is higher than the interest rate, usually 5% of the total amount, and is charged once a month.
3. How long does it take for a credit card to be overdue to be put on the credit blacklist?
As long as it is overdue for more than 90 days, it is generally a black account. This is the standard of most banks. Under normal circumstances, if a personal credit card bill is overdue, the bank will collect the debt from the debtor in accordance with relevant regulations in the first three months. If the collection is successful within these three months. Then the bank will not take the next step of collection action. If the bank fails to collect the credit card within three months, then according to the law, if the credit card is overdue for 3 months and fails to collect the credit card, the bank can take legal proceedings.
Overdue credit cards will be detained for less than 15 days. If a credit card is overdue for more than 3 months and the bank collects it more than twice, and the cardholder still fails to repay, it will be considered a malicious overdraft. If the circumstances are serious, the cardholder will be held criminally responsible and will need to go to jail. of. If there is no crime involved, then there is no need to be sentenced.