After receiving the bank's enforcement application, the court will check the assets in the name of the cardholder. If it finds that there is a deposit, it will freeze the deposit and transfer it to the credit card for repayment. If the deposit is not enough to pay off the credit card debt, or if there is no deposit but there are properties, cars and other properties in the name, the property will be seized and seized, and the money will be sold through auction to pay off the credit card. Usually the court will only enforce the cardholder's own assets and will not enforce the assets of his parents. However, if it is found that the cardholder has transferred the assets in his own name to his parents' names, then these assets will also be enforced.
The consequences of overdue credit cards:
1. Unable to apply for a credit card.
2. Unable to apply for a loan: If a person’s credit history is bad and serious, he cannot apply for a loan from any bank in China;
3. Restrictions on the purchase of insurance and financial products;
p>
4. Restrict online shopping of luxury goods;
5. Restrict children from attending high-tuition private schools;
6. Restrict the use of transportation: no soft sleepers on airplanes or trains , Steamboat No. 2 and above routes, those with bad credit cannot purchase travel and vacation products through the platform, nor can they book air tickets.
7. Restrict the leasing of office buildings, hotels, apartments and other places.
8. Restrict high consumption in hotels, hotels, nightclubs, golf courses and other places.
9. Restrict the purchase of vehicles that are not necessary for business operations;
10. If the person subject to execution is a natural person, he shall not serve as the legal representative, director, supervisor, or senior manager of the enterprise.
Solutions for overdue credit cards:
1. If the cardholder forgets to repay the card and discovers it is overdue, he must repay it as soon as possible, preferably in full. Call the bank's credit card center and declare that the debt is not malicious. If the overdue time is short, the bank may not count the bad records;
2. When the credit card is overdue and unable to repay due to unemployment, illness, etc., the cardholder should proactively contact the bank's credit card center before the repayment period. Explain your financial situation, declare that you do not owe money maliciously, and apply for deferred repayment or installment repayment;
3. Cardholders actively apply for deferred repayment, and banks will often agree to the extension. Banks and cardholders People agree on a mutually acceptable repayment plan. In this way, the bank will not record bad records, but you must repay on time after applying for an extension;
4. Credit card repayment information The central bank’s credit reporting system rolls over 24 months, and records of overdue credit card repayments will be included in the credit reporting It is stored in the system for two years. If you find that you have paid off the card overdue and then cancel the card directly, the information will not be rolled over, but will be saved for a long time. Therefore, after a cardholder has an overdue credit card, it is best not to cancel the credit card immediately. It is best to continue to use it for more than 2 years and maintain a good credit record thereafter.