1. Debt problem: If you fail to repay the credit card debt on time, the bank or credit card company may take legal measures to recover the debt. No matter how much money is owed, if it is not properly handled, it may face litigation.
2. recovery procedure: before the prosecution, the creditor will usually send a reminder to ask you to repay the arrears. If you still fail to pay, the creditor may entrust a lawyer or a third-party collection agency to take further actions, including prosecution and application for court enforcement. In this process, the court may order you to repay the arrears, and may seize the property or freeze the bank account to execute the judgment.
3. Legal liability: According to the laws of China, the credit card debt is a kind of contractual debt, and if it is overdue, the debtor may face legal liability. The prosecution procedure of credit card arrears will be different according to the specific situation between creditors and debtors, but once sued, you may need to pay the principal, interest, late fees and litigation costs.
In a word, the credit card debt of more than 1, yuan is a debt that cannot be ignored, and the debtor may face the risk of being sued. In order to avoid legal disputes and financial troubles, it is suggested that you properly handle the credit card arrears in time and negotiate with creditors to make a reasonable repayment plan.
Extended information:
According to China's Contract Law and Creditor's Rights Law, creditors (such as banks or credit card companies) have the right to take recovery measures against outstanding credit card debts. The degree and method of recovery may be different due to the amount of debt, the specific situation of the parties and the decision of the creditors. In the course of litigation, the court will make a judgment based on the evidence of the parties and relevant laws and regulations.
Please note that the information provided above is for reference only, and the specific results will vary according to the situation. Please also consult relevant professional legal professionals for accurate legal advice and solutions.