Extended data:
Credit card collection is divided into internal collection and outsourcing collection. Internal collection usually refers to customers who are overdue for less than three months. Generally, they are reminded by bank customer service (M0 period), urged by electricity (M 1 2 period) or collected at all business outlets (M3 period). Outsourcing collection mainly means that the credit card center entrusts some companies (some of which are law firms) specializing in collection industry to collect some customers who are difficult to handle, have problems, lose contact or have a small amount after internal collection fails.
M0 period
It is the day after the last payment date to the next billing date. During this period, the bank records are hardly damaged, but late fees and full interest will be charged. During this period, banks generally don't call for money, but remind them to exceed the repayment period through SMS platform or telephone.
M 1 period
It is a continuation of M0 period, that is, between the second billing date and the last payment date of the second bill, the credit record will be uploaded to the credit information system of the People's Bank of China, which is likely to affect issues such as house purchase loans or credit loans, and will also charge late fees. If it is before the second payment date, it will only be collected once, otherwise it will be collected twice, and the interest will be charged according to the compound interest of the current arrears! At this time, the bank will generally remind large customers, that is, the collector of the collection department of the credit card center calls to remind the repayment! Some banks don't charge money during this period, in order to earn more late fees and interest.
M2 period
It is the continuation of M 1, that is, between the third billing date and the last payment date of the third bill, the credit record of the banking industry will be stained, which will have a great impact on the loans and job hunting of larger enterprises in the future. A late fee will be charged. If it is before the third payment date, the second late payment fee will be charged. Otherwise triple, the interest will be compounded according to the current arrears! At this time, banks will generally use the method of urging repayment, and the relevant collection personnel will call to inform them of the impact of credit records, and they will contact relatives and friends of the debtor to help remind them of repayment. Some banks have a tough collection, and even some collectors pretend to be relevant lawyers to put pressure on debtors, but some banks have a lighter collection, so they only collect money at this time.
M3 period
It is a continuation of M2, that is, between the fourth billing date and the last payment date of the fourth bill, the credit record has a great influence, and there will be a big stain in the bank credit information system, which directly affects all kinds of business in the bank. Enterprises that can't get in, especially public servants, are very strict with the credit information record. Overdue fines will be collected normally. If it is before the fourth payment date, it will be collected in three times. Otherwise, you will be charged four times compound interest. During this period, banks generally use the method of compulsory repayment. Experienced collectors will ask debtors to repay by telephone, text message, lawyer's letter, etc. The lawyer's letter will be sent to the household registration book and the company address filled in when applying for a credit card! Some overdue businesses will entrust cooperative institutions to make dunning.
M4 period
It is a continuation of M3, that is, between the fifth billing date and the final payment date of the bill, the credit record has a great influence, and the bank credit information system will be greatly stained, which will seriously affect all businesses in the bank and prevent it from entering enterprises and institutions with strict credit information records. Late fees will be charged (some banks will stop charging). If it is before the fifth payment date, it will be charged in four installments, otherwise the interest will be charged according to the compound interest of the current arrears! (At this time, the interest rate is already very high) During this period, internal collection will be stopped, and the bank will classify the accounts: In the first case, the bank basically entrusts a third-party collection agency, that is, a company specializing in debt collection for financial institutions. Generally, most of these companies are law firms, and they will come to the door. However, in this case, the staff of the bank sub-center will also make dunning, but most of them will make face-to-face repayment and contact the cardholder's domicile for help, ask their relatives and friends to inform them, and indirectly make dunning to overdue customers.
M4+ period
Overdue accounts exceeding M4 period are called M4+. In this case, most accounts can't contact the cardholder at all, or there are fake or stolen cards, or the cardholder dies or is unable to repay! At this stage, some overdue amounts are too small, but after the amount is accumulated for a period of time, the bank will sue again; The other part is suspected to have a large amount (generally, the principal reaches 1 10,000 yuan or more), and the attitude of not repaying is clearly expressed in the telephone collection. The bank or the authorized client will sort out the relevant information as evidence and deal with it according to Article 196 of the Criminal Law of China according to the circumstances. In some cases, it will choose to report the case to the economic investigation department of the public security organ and open the trial to the media.