Banks with overdue credit cards generally will not sue immediately. When it is more than one week past due, the bank will collect the debt by reducing the credit card limit. If the payment is overdue for more than one month, the bank will also notify you of repayment via phone calls, text messages, etc. If the debt cannot be recovered more than three months overdue, it will be collected by a third-party collection company. If the debt remains unpaid, the bank may file court proceedings to recover the debt.

2. What is the situation of Shengjing Bank’s overdue credit card prosecution?

1. Criminal proceedings

This situation is very serious, especially crimes involving harm to others and infringement of other people's property.

2. Civil litigation

Most lawsuits are civil lawsuits, and most of them can be resolved through mediation. So try not to overdue your credit card, otherwise the consequences will be more serious.

There are strict conditions for criminal prosecution of overdue credit cards: the principal amount owed exceeds 50,000 yuan, excluding interest and various fees.

3. What is Shengjing Bank’s policy for handling credit cards that are overdue for eight years?

Generally speaking, as long as the credit card holder fails to repay, the bank will not give up the reminder. Whether it is calling every day to remind you of repayment, or sending text messages every day to inform you of the penalty interest, it is one of the bank's collection methods. Even if the payment is overdue for more than 8 years, the bank will not give up on the payment.

If the bank gives up on collection, it is likely to mean that the bank will either sue the cardholder in court or classify the cardholder's credit card bill as a bad debt.

If the cardholder is sued by the bank, you need to check whether the cardholder's bill amount exceeds 50,000 yuan. According to national regulations, if a cardholder owes more than 50,000 yuan in a single bank, he is likely to be held criminally liable, and the cardholder may have to go to jail.

If the cardholder's credit card bill does not exceed 50,000 yuan and is unable to repay the bill, the court will become a defaulter and restrict a series of high-consumption behaviors, and his assets will be frozen to repay the debt.

If the credit card bill is classified as bad debt by the bank, this means that the debt owed by the cardholder will no longer increase interest and penalty interest, but the repayment still needs to be repaid. If the bad debt is not repaid, the cardholder can also be sued by the court and become a dishonest executor.

The above content is the content of Shengjing Bank’s policy for handling credit cards overdue for 8 years.