1. What to do with the credit card owed after being sentenced to life imprisonment

If the person is in jail and the credit card fails to repay on time and the credit card is overdue, the cardholder You can contact family and friends to help with repayment. As long as the cardholder has assets, just ask family and friends to deposit the money into the bound repayment bank card, and the bank will make up for the deduction in time. It is recommended to pay it off as soon as possible, otherwise if it continues to be overdue, not only will personal credit be seriously damaged, but a lot of penalty interest will also be incurred. At that time, the amount to be repaid will become more and the repayment burden will be heavier.

If the cardholder has no money, does not have the ability to repay the loan, and does not have family or friends to help with the repayment, it is recommended to take the initiative to call the customer service of the card-issuing bank for negotiation, explain the personal situation clearly, and proceed first. Register and wait until you are released from prison before clearing the debt and making repayments.

Of course, if the sentence is too long, the bank will generally not be willing to wait too long, and may file a lawsuit with the court to enforce the sentence and freeze the assets in the name of the cardholder for mortgage. Auction, and then use the proceeds from the auction to pay off your credit card debt.

2. How long does it take for a credit card to be overdue before it is blacklisted?

1. As long as it is overdue for more than 90 days, it is generally a blacklist. This is the standard of most banks.

2. Under normal circumstances, if a personal credit card bill is overdue, the bank will collect the debt from the debtor in accordance with relevant regulations in the first three months.

3. If collection is successful within these three months. Then the bank will not take the next step of collection action. If the bank fails to collect the credit card within three months, then according to the law, if the credit card is overdue for 3 months and fails to collect the credit card, the bank can take legal proceedings.

3. Will you go to jail if you owe money on your credit card?

1. You may go to jail if you pay off your credit card.

2. If your credit card is overdue for more than three months or if you fail to repay more than two bank reminders, the bank will freeze your card and list you as a prohibited customer (blacklist), and will also Sue you for credit card fraud and malicious overdraft, and the court will enforce it.

3. If the person refuses to repay after being sued and the amount owed exceeds 50,000, the purpose of illegal possession is, the court will impose a sentence based on the crime of credit card fraud, Article 196 of the Criminal Law.

Repay the loan as soon as possible. I hope you can put an end to the idea that you don’t have to worry about the repayment time after it is overdue, and you must find a way to repay it as soon as possible after it is overdue. Keep your mobile phone open and answer customer service calls.

Just because a card user has been sentenced does not mean that the bank should forgive the credit card debt. If the prison sentence is relatively short, such as being sentenced to two or three months of criminal detention, the bank may agree to repay the debt after the prison term expires. If you are sentenced to more than ten years in prison, in this case the cardholder is best to sell off other personal properties and repay the credit card debt in one lump sum.