First of all, let me introduce myself. I am also a debtor born in the 1990s. I currently have a debt of 250,000 yuan.

Let me briefly talk about the main reason why I am in debt. Christmas Eve on December 24, 2020 may not be Christmas Eve for me. That is, on this night, I was brought into a platform called "Huawei 5G Concept Stock" by a netizen who said he specializes in financial funds and trusts for network investment. . And in the name of a big market before and after the holidays, I was asked to increase my investment and invested 100,000 yuan. But this is just the beginning. After some seemingly professional K-line analysis and operations, the balance probably rolled up to 3,000,000 yuan. Looking at this balance that is both visible and intangible. I feel so unreal. I want to withdraw money but find that I cannot do so because my balance has reached the upper limit of ordinary members and I need to upgrade my membership. In this way, after being lured by the "mentor" and the platform's customer service, he continued to invest 136,000 yuan through the online loan platform and cash out via credit card. *** A total of 2.36 million was invested in the platform, but later found out that he had been deceived and chose to call the police. Credit cards and online loans are now overdue. So I chose to answer this question based on personal experience.

After the credit card debt is overdue, it will be roughly divided into the following steps;

1. At the beginning of the credit card overdue period, you will receive a phone call and text message notification.

Under normal circumstances, in the early stages of an overdue credit card, the bank’s internal staff will collect the money. However, banks are professional financial institutions after all. They will not use violence, intimidation or even exposure to address books to collect money. We will make one or two phone calls every day to tell you that your credit card is almost overdue and please process it as soon as possible. Text messages are also mainly used for collection purposes in the form of notifications. If your credit card is overdue, it will be reported to the Credit Reference Center of the People's Bank of China, which will have an impact on your life and financial products.

2. If a credit card is one to three months overdue, collection efforts will be stepped up.

When a credit card is overdue for more than 30 days, the credit card centers of major banks will increase their efforts to call and send text messages. However, the frequency of phone calls and text messages to collect debts is still not too frequent. There will be two to three phone calls a day, and the main content is to tell you how many days your credit card has been overdue. After the expiration date, high penalty interest will be incurred and your credit report will be affected. The text message still only tells you how many days it is overdue, how much penalty interest will be incurred, and how much is the amount due. Let you deal with it as soon as possible.

3. Three months after the credit card is overdue, the bank will package the information and send it to a third-party collection agency.

After the credit card is overdue for three months and the bank packages the information to a third-party collection agency, the third-party collection agency's collection methods will be more violent. This depends on the specific amount of debt owed. Few, bigger or huge. Often these collection agencies will play around with the law and carry out relatively violent collections. Note that they are only relatively violent. Compared with online loan collection, it is much gentler. They will still call their work unit or emergency contact, or even contact their friends. They will force you to pay back the money by sending a lawyer's letter to your place of residence or other means.

4. After the third-party collection fails, it will become a bad debt. If the amount of a single credit card is too large, you will face prosecution.

Those with huge amounts are more likely to sue. For example, if the amount is more than 100,000 yuan or hundreds of thousands, it is a civil dispute. If the principal is less than 50,000 yuan, it is a civil dispute. If the amount is more than 50,000 yuan, it may involve credit card fraud. Crime is a criminal case, but you will not be convicted casually. You just need to be careful and not lose contact. Try your best to communicate and negotiate with the bank. If you really have repayment pressure, try to carry out a personalized second installment, but you will also face a deterioration in your credit.

5. Generally, the bank will issue a pre-litigation notice before filing a lawsuit.

If you still haven’t repaid or lost contact after going through all this, the bank will consider prosecution. But don’t worry you can call the bank in advance to negotiate.

After all, bank prosecution also requires time and lawyer costs, and it is not certain whether the case amount can be recovered. So doing this is thankless from the bank's perspective. If the bank has already sued, what you need to do is to pay more attention to the text message 12368. After all, the bank will still issue a pre-litigation notice if you sue. Actively prepare for responding to litigation. Actively explain your situation to the court. You are unable to repay the money at this stage, but if you have a strong willingness to repay, the bank will not convict you of credit card fraud.

Finally, we need to understand a truth. Don’t blindly avoid repayment when your credit card is overdue. Face it correctly and positively, explain your situation, try your best to negotiate repayment, and don’t lose contact. Don't change your contact number. Furthermore, overdue credit cards do no good to the debtor. Being on the credit blacklist and becoming a bad debtor will have a huge impact on yourself, and even worse, it will also affect your next generation.

Come on, talk about life, come on, those in debt!

Living is the best way for us to face the world!

There are too many. If you don’t sue, who will you sue!

The debt of 450,000 yuan is neither too much nor too little. The most important thing is to sort out the debt as soon as possible, formulate a repayment plan, communicate and negotiate with the bank in a timely manner, and get the installment plan as soon as possible. Because a single bank will be criminally responsible if the limit of a single card reaches 50,000! There are even cases where the debt is less than 50,000 and it is judged as credit card fraud!

In addition, if it is just a civil case, there will definitely be collection and contact with lawyers or banks before the lawsuit, but until the lawsuit is filed, there is no clear notice, only a court summons!

Another situation is that if the principal exceeds 50,000, even if the bank only files a civil lawsuit, if the court conducts a procedural review, there is still the possibility of transferring it to the procuratorate for prosecution! Be sure to handle debt issues carefully!