Generally speaking, banks are not willing to sue you. Of course, if you no longer have the ability to repay, or the bank does not accept negotiated installment repayments, then it will be passive if it sues you, so it must not If you refuse to repay, you must ask for negotiated installment repayment. In this way, if you are willing to repay in court, the court will usually support negotiated installment repayment. If you refuse to repay or commit fraud, that's a different matter. Don't be afraid of debtors. Collections will anger you and make you say you refuse to repay. Anyway, believe that you are not a swindler and repaying money is the principle. You really have no money. Also, there is nothing you can do about the debt collection. If you really sue, respond to the lawsuit. Finally, work hard to make money and pay back the money, and strive to get settled as soon as possible! Please pay attention to the exchange

These are two questions. I will first answer the question "It is a good thing to sue a credit card." First of all, most people with overdue credit cards have several or even a dozen credit cards, and they are also people who use credit cards excessively. Those who can make their credit cards overdue are those who have broken funds. People who are sued for overdue credit cards will also negotiate with the bank for personalized repayment after the overdue date, but the bank does not agree. To use my personal experience as an example, my China Merchants Bank credit card fixed limit is 70,000, and the temporary limit was more than 70,000 when it was the highest. I even used the temporary limit, which also planted a bomb for my later overdue limit. Before it was overdue, I paid back all the temporary credit, but I haven't paid back the fixed credit, so I really can't move on. There is also a fixed limit of Minsheng Bank's credit card of 25,000, and there is still some spare money. The total principal owed is more than 40,000. I told the bank at that time that I wanted to suspend the interest rate and repay the loan in installments, but the bank did not agree. I really don’t have any money, so I just overdue it. It has been overdue for two years now, but the bank has not sued me and allowed the interest to skyrocket.

The principal of the China Merchants Bank card is 70,000, and now the principal and interest are 115,067;

The principal of the Minsheng Bank credit card is more than 40,000, and the current principal and interest are more than 108,050, and the interest is compounded. .

I don’t know how the interest is calculated, but the court should not support the part that contains high interest.

The first advantage of being sued for a credit card is that you will act in accordance with the law and only pay back what is due. Second, if you are sued, the court will still have an out-of-court mediation process. With luck, you may be able to negotiate a personalized repayment. This is also an opportunity for the debtor.

Let me answer the question "Is frozen payment really good?" Frozen payment means that all bank cards are frozen, and funds can only go in and out; WeChat Alipay cannot transfer large amounts. Transfers are restricted, and only small amounts of red envelopes can be used. If the debtor is a businessman, his business operation will definitely be affected, so the conclusion drawn on this issue is the opposite. If you are a wage earner, you live on wages, and you are willing to repay, having your payment frozen will help you repay your debt. Take myself as an example. I have two financial disputes with Lakala. It was enforced and the bank card was frozen. Take a look at some of my screenshots:

The amount of the case in the first picture is 13566.67, which has been settled. Clear;

The closing amount in the second picture is 55242.52,

The third picture is the frozen balance on my salary card, which is 36463.06 yuan. If the next month is added, His salary is more than 40,000, and he is not far away from paying off Lakala's debt. Second, the payment is frozen, and the debtor's quality of life is affected, so he will find ways to increase his income to maintain his daily life. Expenses, if you find a profitable side job, it will be easier to get out of debt.

Therefore, there are advantages and disadvantages to being frozen.

Of course, it is better to sue. , first negotiate the repayment, it is difficult for the bank to compromise, especially for those with extremely high late payment fees and interest, the bank will not give you any relief at all, or the relief will be minimal. Secondly, you must ensure your willingness to repay, and you must pay back the amount every month. It will only be eaten away by interest and late payment fees, and the principal will not be repaid at all. The advantage of suing is that the repayment can be made directly through the court based on the legal interest. At least the late payment fees and high interest rates can be reduced, and the court will also help you pay according to your interest. You will be repaid based on your actual income. You will not be forced to repay in a lump sum or a large amount that exceeds your normal income. However, the above point of view is only for people who are really desperate without a car or a house.

If you are rich, you should return it quickly.

These are two questions. Let me give you the following analysis: Credit card prosecution is of course a good thing

Under normal circumstances, the bank’s credit card department will not take the initiative to sue you unless You may be sued only if you meet two conditions: huge amount and malicious default.

In other cases, you will generally not be prosecuted. Because credit cards mainly rely on interest (compound interest) to survive, as long as you make repayments, the bank will give you the opportunity to pay back the amount you owe, but the interest will be high.

If they really sue you, it may be a good thing for you, because it means that your behavior has reached a range that is unacceptable to the bank. This may turn out to be in your favor under court mediation.

If the amount is huge and you have no ability to repay, the court will mediate for you based on the reasonable interest on the debt. If you have assets, you will have priority to repay. If you have no assets in your name, you can repay in installments. These preferential conditions are something you can’t usually get from banks.

If it is a malicious default, you obviously have the ability to repay, but you just don’t repay. In this case, it would be beneficial for you to sue you. Because after suing, you can challenge the reasonableness of the interest to the court, and it may eventually be possible to exclude some unreasonable interest, thereby reducing the repayment amount.

But no matter what, defaulting on your credit card repayments is harmful to your credit score, and it is risky at this point. There are pros and cons to freezing payments

If your credit card is blocked, there are pros and cons for you.

The advantage is that the credit card can only be used for incoming and outgoing payments, which is helpful for your repayment and will not increase the pressure of repayment due to additional expenditures.

The disadvantage is that your ability to turn over is reduced. Usually we may need an expense urgently, so we can get it from our credit card. It would be really inconvenient if it got frozen.

It can’t be said to be a good thing, but it is much better than wasting money to pay interest. It stands to reason that if a credit card is overdue for 90 days and the bank initiates collection procedures, it should conduct a comprehensive assessment of the cardholder's financial situation. For those cases where there is indeed no ability to repay, interest should be suspended instead of endlessly accruing interest. Give these financially struggling cardholders more time to slowly deal with their debt. For example, if a credit card is overdue for RMB 50,000, the interest rate is suspended, and it is paid off in 60 months, it only costs more than RMB 800 a month, so the cardholder has no pressure.

What is the reality? The bank entrusts the debt to a third party for collection. No matter how bad your financial situation is, the bank will do everything possible to get the cardholder to pay back the money. There is no room for negotiation. You can repay freely. Interest will be recorded every day. If you want to repay the principal, you must pay it off in one go. Many cardholders have communicated with debt collectors many times without any results and simply give up. If you go through legal procedures, the worst result is that your bank card will be frozen and money will be deducted from the card every month. As for whether there is any money on the card or when the money will be paid back, it is unclear. At least you don’t have to be harassed by debt collectors every day.

If your total credit card limit exceeds your own income level, you will be fined the bank if you complain to the China Banking Regulatory Commission. Because the bank does not give you the corresponding credit limit based on your actual situation, this is setting the stage for overdue payment

Don’t believe what people on the Internet say, it is definitely not a good thing. The banker will give you Professional answer. First:

Generally speaking, when it comes to banks suing customers, it is often because they have not repaid the debt after multiple collections. Bank management is relatively standardized, and a team of professional lawyers provides legal services. It can be said that I have never seen a bank lose such a case. Then the court will often rule against the individual. Second:

Entering the execution stage, the court enforcement bureau often interacts with the bank’s legal team. Although I dare not say that you have done anything illegal, the bank’s people must find out that you have property anywhere. An application for asset preservation will be made immediately, and people from the Enforcement Bureau will arrive immediately to freeze and deduct the assets. Third:

Some people say that as long as I repay a small amount every month, I will have leverage to negotiate with the bank. So naive!

Losing the lawsuit is certain, and the impact on your credit report will also be certain. You will never be able to get a loan from a bank again in your life.

In the future, after information is connected to the Internet, the impact of credit reporting will be with you for a long time. You will no longer be able to live a normal life, and your life will be ruined. Is it worth it?

Fourth:

If the credit card’s malicious overdraft limit reaches more than 5,000 yuan, the public security agency can file a case. The standard for determining whether an overdraft is malicious is very low: the cardholder overdrafts beyond the prescribed limit or within the prescribed period for the purpose of illegal possession, and the card-issuing bank still fails to return the money after two calls for more than three months.

As for the verdict of malicious overdraft, my country's "Criminal Law" stipulates that malicious overdraft is a type of credit card fraud, and it is punishable by at least one year in prison. It is not worth ruining your life.

Again, live within your means, don’t over-consume, let alone challenge the rules and let yourself live in a gray area.

It mainly depends on how much you owe? If it is less than 30,000, and there is no way to repay it due to job loss or some reason. Under normal circumstances, there would be no prosecution. If you are really prosecuted. That's not necessarily a bad thing. Because the interest rates on many platforms are higher than the legal requirements, the amount of money that needs to be repaid after a lawsuit will be even less. If it is true that I am unable to repay. You can also negotiate to repay the principal. So being sued is not necessarily a bad thing.

Being sued is really a good thing, because you can only repay the reasonable and legal principal and interest. The excess will be directly ruled not to be repaid, because it is beyond the limit and is not protected. Besides, it is really easy to sue. ? It requires manpower and time. Banks are profit-making institutions. Wouldn't it be faster for them to use this time to do other work than to waste money working for you? You're not alone. There are so many people who owe credit cards and can't pay them back. They just pick out a few symbolically instead of suing them all. So you should be happy because this way you don't have to deal with them. Pre-trial negotiation is not good. ? Wouldn’t it be nice to appropriately reduce interest and liquidated damages? Which is better, paying back the principal and very little interest, or having to fight with them when they collect debt? Which one is more convincing? Which one is easier to negotiate successfully?

The above are all personal opinions, please don’t criticize if you don’t like them, thank you!

Because they think about installments and reductions, they generally won’t sue if the amount is not large. Even if they sue, it will usually be civil mediation. To put it bluntly, it is just a matter of sitting down in another place to talk about repaying the money. Account freezing is mainly for people who have breached their trust and are subject to execution. This will only happen to those who refuse to fulfill the judgment. Generally, it will not happen.