Does a single bank not sue if the credit card is less than 50 thousand
It means a bank. If you have multiple bank credit cards under your name, and each card owes less than 50,000 yuan, you don't have to worry about being investigated for criminal responsibility. However, if it is overdue for a long time and has not been repaid for more than three months, the bank may still go to court after repeated collection without results.
However, unlike credit card fraud prosecution, it is a civil dispute to be sued for credit card arrears of less than 50 thousand yuan. After the judgment of the court, the cardholder must fulfill the repayment obligation within the performance period of the judgment, otherwise the bank can apply for compulsory execution after the performance period. If it has the ability to repay, it may still be sentenced to refusal to execute.
There may still be people who care whether a single credit card with a price higher than 50,000 yuan will be prosecuted and punished. This actually depends on four points:
1. Overdraft principal: it must be 50,000 principal owed to the bank, excluding the extra interest, compound interest, liquidated damages and handling fees charged by the issuing bank.
2. Two effective collections: collections must be made after the overdue period is more than 3 months, and the method can confirm the cardholder's collection, and the interval between the two collections is at least 30 days.
3. Overdue time: more than 3 months, that is, 90 days.
4. For the purpose of illegal possession.
If these four points are met, the final decision should be made according to the criminal policy of combining leniency with severity. If all of them are returned before prosecution or there are other minor circumstances, no prosecution may be initiated. If all of them are returned before the judgment of first instance or there are other minor circumstances, they may be exempted from criminal punishment.