This should be one of the bank’s collection methods. If the bank sues in batches, the court should notify you, not the bank, so it is not true, but whether it is true or false, you still have to Pay off your credit card balance as soon as possible to avoid unnecessary trouble. If you fail to repay your loan or credit card with CITIC Bank overdue, you will usually be sued in court via text message within two years.

1. If the borrower fails to repay overdue, or the overdue amount is relatively large, the bank may adopt various methods of urging repayment, such as sending text messages, calling, visiting, suing, etc., so if the borrower If you receive a text message about prosecution, you should pay attention and don’t be careless.

However, this type of text message may also be sent to urge the borrower to repay the loan as soon as possible, or it may be other fraudulent text messages, so when receiving the text message, you must identify the authenticity of the content of the text message. If you are loaned If the bank files a lawsuit, it may receive a summons from the court in the near future, or receive a review or notification call from the court.

Of course, in order to avoid this situation, it is recommended that the borrower still repay the loan in time. If it is really difficult to pay back in the short term, you can proactively contact the bank to negotiate whether the repayment period can be extended. However, when negotiating a delayed repayment period, it is recommended that the borrower explain the reasons based on the true situation and provide corresponding supporting materials, and give the bank a suitable repayment plan to let the bank know its repayment attitude and ability.

1. Consequences of overdue loans: Generally speaking, there will be no impact if the loan is overdue for one or two days. As long as you repay it in time, the bank will think that you just forgot to repay due to negligence, rather than deliberately delaying it. Or lack the ability to repay. However, if the overdue amount is too long and the bank does not repay the loan after collection, it will cause serious consequences. There are mainly four types:

1. Personal credit report: Overdue loan records will not only appear in In the bank's internal system, it will also appear in the borrower's personal credit report. If the borrower wants to apply for a loan, it is very likely that he will not be able to pass the personal credit report.

2. Penalty interest: The interest charged by the bank on the first day the loan is overdue will be higher than the original loan interest rate, and this increase will be regarded as the bank's penalty interest to the borrower. If the loan is seriously overdue, the bank will Loan late fees will also be charged.

3. Blacklist: If the borrower is seriously overdue, the bank will consider it as intentional delay and will be included in the blacklist. This will have a great impact on the borrower's travel, accommodation, etc., and more What's more, the borrower's children may not be able to attend key schools.

4. Collateral: If the loan is seriously overdue, the bank will sue the borrower. After the court's decision, the bank will generally auction the borrower's mortgaged items to recover part of the loan and reduce the bank's losses.