The court filing warning letter from China Merchants Bank is the bank urging you to repay. If you do not repay, your property may be sued and the property will be seized by the court.

Generally, the last step a bank will take when multiple collections fail is to file a lawsuit in court. This is an important means for banks to use legal means to recover debts, and it is also the most effective deterrent to debtors. a means of force. For credit card debtors, they must pay attention and not be careless, otherwise they may not only face civil disputes, but also criminal proceedings.

After the credit card is overdue, if you receive a warning letter from the court, the cardholder must find a way to pay off the balance as soon as possible, and do not continue to default on the payment. Otherwise, once the bank files a lawsuit in court and fails to repay the loan after the court's judgment, the court is likely to include the cardholder on the list of dishonest persons subject to enforcement. Once you become a dishonest person, your daily life will be affected, and there will be restrictions on high consumption, travel, etc.

Recommendations

If the customer really has no money to repay, he should contact the bank to explain the situation. If you really do not have the ability to repay, you are not overdue maliciously, and you have expressed your willingness to actively repay, the bank will consider it at its discretion and allow the customer to suspend the interest rate or delay the repayment or repay in installments.

Everyone needs to note that for serious cases, such as malicious credit card overdrafts and credit card fraud, you may need to bear certain legal liabilities. Of course, if you can repay on time, it is best not to overdue it. When you find that you cannot repay on time, you should apply for installment as soon as possible. When swiping your credit card, you should also be careful to avoid blind consumption.