How long will it take for China Merchants Bank to be prosecuted if its credit card is overdue?

China Merchants Bank will be prosecuted if its credit card is overdue for more than three months. Generally, if a credit card is overdue for one month, you will receive a text message notification from China Merchants Bank. If you repay the loan in time and have good credit in the past, you can apply not to be recorded in the credit report;

If the credit card is overdue for two months, you will receive a phone call to remind the card holder. Liquidated damages and overdue interest, etc. If you repay at this time, the amount will be reduced, but it will be recorded in the credit report;

Overdue credit cards usually have the following consequences:

Credit Card What are the consequences of overdraft?

1. Call

Call means that if you fail to deposit the money into your credit card account on the last repayment date specified by the bank, then The bank will initiate a repayment reminder from you. Common methods of collection include telephone collection and letter collection.

2. Overdue record

If you fail to deposit the amount due to the credit card on the final repayment date, the bank will classify your credit card as overdue. Overdue credit cards will be included in the personal credit system, causing credit stains. The bank's overdue record is exclusive, so if you are continuously overdue at a certain bank, other banks will reject your credit card application. Later, if you want to apply for a mortgage, car loan, etc. from the bank, you will be rejected.

3. Legal penalties

If the credit card is overdue, if it is a malicious overdraft, if the amount is too large, it may constitute a crime such as credit card fraud.

According to Article 196 of the Criminal Law of the People's Republic of China and the People's Republic of China, the crime of credit card fraud refers to the use of counterfeit or invalid credit cards for the purpose of illegal possession, or the fraudulent use of other people's credit cards or the use of credit cards to make malicious overdrafts. The act of defrauding public and private property in a relatively large amount.

Once you are convicted and sentenced, a criminal record will be left behind. Not only will you have to accept the punishment, but it will also affect your future life. Article 675 of the Civil Code

The borrower shall repay the loan within the agreed time limit. If there is no agreement on the loan period or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; the lender may urge the borrower to return it within a reasonable period of time.

Article 676

If the borrower fails to repay the loan within the agreed time limit, he shall pay overdue interest in accordance with the agreement or relevant national regulations.

Article 677

If the borrower returns the loan in advance, interest shall be calculated based on the actual borrowing period, unless otherwise agreed by the parties.

Article 678

The borrower may apply to the lender for an extension before the expiration of the repayment period; if the lender agrees, the extension can be made.

How long will it take for a China Merchants Credit Card to be sued if it is overdue?

According to regulations, as long as the user's credit card is overdue for more than 3 months, the bank has made at least 2 effective collections on the user during the overdue period, and the user still does not pay back The overdraft is a malicious one, and the bank has the right to sue the overdue cardholder. Once the case is filed, the court will make a corresponding judgment based on the seriousness of the overdue user.

Although credit card users may be imprisoned as long as they constitute malicious overdrafts, whether they will ultimately be imprisoned mainly depends on whether the bank will sue themselves. Once sued, it will be very dangerous. Therefore, if the user’s credit card is overdue, , you must handle your overdue payments before the bank sues you to avoid jail time.

Generally, in order to avoid the bank from suing themselves, users must actively contact the bank to deal with the problem after overdue payment, and do not avoid it. Users can apply for extension or installment repayment. Generally, as long as the user has the attitude and actual actions to repay, banks will generally not prosecute overdue users.

Although banks generally will not prosecute users as long as they deal with their overdue repayments, once users are overdue, bad credit records will definitely occur, so if users want to ensure that they If you have bad credit records, you can only pay off the debt as required and there will be no overdue repayments in the later period. Generally, bad credit records will disappear from the credit report in 2 years, and will disappear from the credit system in 5 years. disappear.

Friends who don’t know their credit information only need to go through: Xiaomu Data. You can check your personal credit score by finding this WeChat applet. This data comes from online loan platforms and UnionPay across the country. Users can query their own big data and credit status, obtain various indicator data, and query their personal credit status, blacklist status, online loan application records, and application platform types. , important data information such as online loan credit limit estimates, etc.

So when you use a credit card, you must repay it on time and don’t overdue it easily. Otherwise, if your credit report is overdue and there is a credit stain, it will take five years to "clean up" the debt after paying off the debt. And if you never repay, the stain on your credit will follow you for a lifetime.

How long will it take for a China Merchants Bank credit card to be overdue to be sued?

1. If a China Merchants Bank credit card is overdue for more than three months, you will be sued. Generally, if a credit card is overdue for one month, you will receive a text message notification from China Merchants Bank. If you repay in time and have good credit in the past, you can apply not to be recorded in the credit report;

2. If you are overdue for two months, you will be reminded by phone. Cardholders' liquidated damages and overdue interest, etc., if repaid at this time, the amount will be reduced, but it will be recorded in the credit report;

3. After three months of overdue payment, the bank will notify the cardholder that no further payment is due. If you pay back, you will be prosecuted.

4. If you ignore all the bank’s collection calls or refuse to answer the bank’s calls, you will receive an indictment. At this time, you will be recorded in the blacklist and the bank will sue. In most cases, the defendant will The lawsuit was lost because when applying for a credit card, all contracts were signed by the cardholder, and all costs incurred by the lawsuit were borne by the cardholder.

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