first, credit card collection can be divided into two types: internal collection and outsourcing collection. Internal collection usually means that customers who are overdue for less than three months are generally reminded by bank customer service (M period), urged by electricity (M1, 2 period) or visited by all business outlets (M3 period)!
1. Subcontracting collection mainly means that the credit card center entrusts some companies (some of which are law firms) specializing in collection industry to make reminders for some customers who are difficult to handle, have problems, have lost contact or have a small amount of money after internal collection fails.
2. The M1 period is a continuation of the M period, that is, between the second unpaid billing date and the last payment date of the second bill, the credit records will be uploaded to the credit information system of the People's Bank of China, which is likely to affect problems such as housing loans or credit loans.
at the same time, a late fee will be charged. If it is before the second payment date, it will only be charged once; otherwise, it will be charged twice, and the interest will be charged with compound interest on the current amount owed. At this time, banks will generally remind customers with large amounts of money, that is, the collection staff of the collection department with credit card center will call to remind them to repay. Some banks do not collect money during this period, in order to earn more late fees and interest.
3, M2 period is the continuation of M1, that is, between the third billing date and the last payment date of the third bill, the credit record will have a great influence, and there will be stains in the credit record of the banking industry, which will have a great impact on future loans and job hunting in larger enterprises.
4. A late payment fee will be charged. If it is before the third payment date, a second late payment fee will be charged. Otherwise, the interest will be charged with compound interest on the current amount owed for three times. At this time, banks generally use the method of urging repayment, and the relevant collectors call to inform them of the impact of credit records, and so on, and they will contact relatives and friends of the debtors to help remind them to repay. Some banks are tough in collection, and even some collectors pretend to be relevant lawyers to put pressure on debtors, but some banks are light in collection and only carry out reminder collection at this time.