With the prevalence of advanced consumption, more and more young people in society are now living a life of "drunk now", not only using various credit loans, bank cards and The number of credit cards is also increasing day by day.

According to the "Overall Operation of the Payment System in 2020" report released by the central bank, as of 2020, a total of 8.954 billion bank cards were issued, a year-on-year increase of 6.36%. In addition to bank cards, 12.536 billion new bank accounts were opened nationwide, and personal bank accounts and corporate bank accounts maintained steady growth. It is reported that based on China’s population of 1.4 billion, each person has an average of 8.90 bank accounts and 6.40 bank cards.

In the environment of excessive consumption, the number of people using credit cards is also increasing. According to the central bank's overall report for the fourth quarter of 2020, the number of credit cards issued was 778 million. In other words, 5 out of 10 people have a credit card. In addition to credit cards, many people have chosen various lending software on the Internet, such as "Ant Huabei" and "Jingdong Baitiao" that are well known to many people, and some have even reached out to the "holes" of online loans. inside.

With the improvement of living standards, online loans have gradually penetrated into every corner of life. Online loans are very "vital" for young people. Firstly, it is because contemporary young people are "comparative" and do not hesitate to borrow money from major online loan platforms in order to satisfy their own vanity; secondly, because of the threshold for borrowing money Very low, even close to nothing; but on the other hand, the negative impacts of online loans far outweigh the benefits.

Under the impact of the special public health incident in 2020, the vast majority of people in our country are out of work and at home. When we lose our stable source of income, we have to repay the debt we owe, but we don’t have that much money on hand to go around. At this time, many people thought of "using cards to support cards" and "using loans to support loans."

Especially the current post-90s generation, the per capita debt exceeds 120,000 yuan. With the deep penetration of various credit products, 86% of young people are already using various credit products. It is reported that the utilization rate of online loans is 60.9%, and the utilization rate of credit cards is 45.5%. In order to prevent their personal debts from being "exploited" and entering the credit blacklist, many people are "opportunistic" and use online loans and credit cards to "double down".

We all know that credit card overdraft limits are generally relatively high, which has led to many young people using credit cards without restraint. As of 2020, the total credit card overdrafts announced by the central bank have reached nearly 900 trillion yuan. Faced with a huge number of overdue debts, many people are confused as to why banks would rather initiate collections than sue when faced with overdue credit cards. Is there any reason for this?

In response to this question, insiders told us the “truth” why banks are unwilling to sue.

Bank prosecution costs are high

There are countless overdue credit card customers in our country. Assuming that a bank has 5% overdue credit cards, it means that the bank may have hundreds of thousands of overdue customers. If the bank wants to sue all overdue objects, the bank will face not only a long prosecution cycle, but also high litigation costs.

Due to time and economic cost considerations, banks will not easily initiate collections on customers. Banks will only consider initiating collections unless the customer is overdue for too long and the amount owed is too large.

The cost of collection companies is low

When a bank faces an overdue credit card, it usually hires a collection company to package and carry out collection activities. Compared with collection initiated from within the bank, third-party collection companies often have their own set of collection processes, and the fees for appointing a collection company are also very low. However, when the collection company's collection is ineffective, the bank will sue the overdue object to the court.

Package and sell claims to asset management companies

When a bank faces too many overdue debts, it can choose to "package" the total amount of overdue debts into an asset package. The debt asset package will be discounted by half or 30%, and then sold to the asset management company. When the creditor's rights change hands, the asset management company is responsible for pursuing the overdue payment from the cardholder.

To sum up, the "cost" of bank collection is too great. In short, "the gain outweighs the loss." Although credit cards now make our consumption more convenient and faster, don't forget that overdue credit cards will Get on the credit blacklist. In even more serious cases, you may become a defaulter, which will not only taint your personal credit, but also implicate your family.

Therefore, when we use credit cards, we should remember to "take it in moderation" and refuse to "use it in an endless amount". After using a credit card for consumption, you must remember to pay off the balance in time to avoid any impact on the individual or the bank.

Do you have the habit of excessive consumption? Do you usually use Huabei or Baitiao? Welcome to leave your opinion.