First of all, it can be confirmed that this letter is not a lawyer’s letter or a subpoena. It has no legal effect. It only serves the purpose of “warning” the cardholder. Its purpose is to impose penalties on the cardholder. Pressure, hoping that cardholders will repay as soon as possible.

It is used to inform the credit card that malicious overdraft is illegal, and you will be prosecuted if you don't repay. Receiving a legal notification letter from the bank does not mean that you are being sued, it is just a notification letter from the bank. If the parties concerned do not respond or negotiate, the bank may sue. The bank notification letter is not necessarily addressed to the guarantor, but may also be addressed to the debtor, so who the bank notification letter is addressed to depends on the specific circumstances.

There is no legal target for the notification letter. It is up to the bank to decide who to send the notification letter to. When the debtor fails to repay, the bank can issue a notification letter to the guarantor, debtor, etc., requiring repayment of the debt. .

As long as the credit card is overdue, the amount exceeds 5,000, and it is overdue for three consecutive months, you will basically receive a notification letter from the bank as time goes by. The significance of this notification letter is more to encourage the debtor to speed up the repayment as soon as possible. This is also one of the bank's collection methods. The purpose is to make the debtor realize that the bank can file a lawsuit, making all debtors worried about this and will Consider the legal consequences if you are late.

: Malicious credit card overdraft

means that the cardholder overdrafts beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and the card-issuing bank continues to overdraft for more than 3 months after two collections. Not returned.

The consequences of malicious credit card overdraft:

1. Producing a bad credit record;

2. Producing late fees and interest;

3. The bank will sue;

4. You will not be able to handle credit business at the bank within 5 years from the date of repayment.

How banks collect arrears

1. SMS reminders should promptly remind cardholders of the overdraft due amount and repayment date.

2. Collection letters refer to banks issuing collection letters to customers on a regular basis every month to remind customers to pay overdue debts in a timely manner. They have the function of warning and reminding delinquent users. Collection letters can adopt different collection methods according to the user's current overdue situation, warning customers that they will bear corresponding legal consequences if they are overdue.