After the credit card is overdue, the bank will collect the credit card and rarely follow legal procedures. For the bank, the purpose is to recover the arrears, not to turn the credit card holder into a dishonest executor! According to the analysis of Qu Comment, there are two main reasons why banks are reluctant to go through legal procedures: first, the legal process is long, and the bank uploads overdue information to the central bank’s credit investigation, which plays the same role as a court judgment; second, Banks will have a complete set of procedures to deal with overdue credit cards, which are more efficient than manual procedures.

First, the legal process takes a long time, and the bank uploads the breach of trust record to the bank's credit investigation, which has the same effect. If you sue the bank for an overdue credit card, it will not only take a long time, but also cost a lot. There are thousands of bank credit card overdue users. How big of a legal team does the bank need to handle this matter? What's more, even if the lawsuit reaches the court, after the judgment, isn't the most serious situation that will happen is to be included in the list of dishonest executors?

For banks, uploading the breach of trust records of overdue credit cards to the central bank's credit investigation will have the same effect as being included in the list of dishonest executors. Once a bad record such as an overdue credit card appears in the credit report, I am afraid that all banks and formal financial institutions will close the door to loans to overdue people. The purpose of the bank is not to make overdue users become dishonest executors, nor is it willing to take too long, but to allow overdue users to repay as soon as possible. Therefore, banks are unwilling to go through legal procedures to prosecute overdue persons.

Second, banks should have standardized procedures for overdue credit card users, which is faster than going through legal procedures. Generally speaking, for users with overdue credit cards, the bank will have the customer service staff of the credit card center to press the payment within the first month of overdue payment. Qu Ping once overdue a credit card. It was indeed because he was too busy with work and forgot the repayment time. As a result, the customer service staff of the credit card center called Quping to verify it three days after the due date.

If the credit card center customer service cannot contact the overdue person, they will contact the emergency contact person filled in when applying for the credit card. If the credit card holder has not made any repayment after being overdue for three months, the bank will entrust a large number of overdue credit cards to a regular collection agency for collection. In recent years, the state has severely cracked down on violent collectors. In the golden age of debt collection, collection agencies had the ability to squeeze every last penny out of overdue borrowers.

However, even if collection agencies are subject to strict restrictions and their collection efforts and efficiency are not as good as before, the efficiency is still faster than filing a lawsuit. Therefore, banks would rather go through collection procedures than legal procedures. Of course, collection procedures must also be legal.

Finally, you can’t owe the bank any money! If you don't repay the money you owe to the bank, it means that the door will be closed by all formal financial institutions. For example, if you have an overdue credit card and don’t pay it back, at least you won’t be able to apply for a mortgage or car loan. In fact, banks have the right to prosecute overdue persons for refusing to carry out court judgments, which involves criminal liability!