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What are the serious consequences of overdue credit cards? What measures will the bank take to collect the arrears?
Thank you for your invitation. The bank will call the cardholder within 90 days for the overdue credit card mentioned in the question. If the bank still fails to repay the loan, it will be handled in accordance with legal procedures, reported to the credit information system and handled by the Court of Appeal. Many cardholders will have the idea of breaking the jar after the deadline, which will only lead to a bad personal credit record and serious punishment by law. The best way is to pay back the money. Even if you don't have the money to pay it all off at the moment, at least you should pay it back more or less without interruption. This is an attitude and a rewarding action. Banks can also negotiate to reduce part of the liquidated damages. For more credit card tips, please refer to the article of smart card manager.

Editor: Smart Card Manager