My credit card has been overdue for three years. Why do banks basically not collect collections now?
Under normal circumstances, as soon as a credit card is overdue, you will receive a reminder message from the bank, or a reminder call from the bank asking the user to repay. But some people's credit cards are overdue, and the bank does not urge them to pay them back. This kind of thing does happen in real life. For example, if the amount of the overdue credit card is too small, the bank does not want to pay attention to it at all. Credit card users must come to their door to handle it themselves, otherwise the bank will not No dunning.
However, as the overdue amount of this credit card gets longer and longer, the interest generated will become higher and higher. When the amount is large, the bank will issue a reminder and require the credit card user to repay. For example, some people still have a few cents on their credit cards that they have not repaid. The interest on the debt will roll over after a few years. After a few years, the few cents will have rolled into several thousand yuan. Only after it has rolled into several thousand yuan will the bank begin to demand repayment. If they do not pay back, this is Bank 2 credit card users have completely changed their personal information, including their phone numbers and home addresses. The bank cannot contact credit card users. When they go to the bank to apply for a credit card, they will record their personal information, such as ID number, name, phone number, home address, etc. . However, as the credit card account has been opened for more than ten years, the information left by the credit card user in the bank has expired, the phone number has been changed, and even the home address has been moved. The bank system is full of useless information.
When this kind of credit card is overdue, the bank can no longer contact the customer despite the reminder messages and phone calls sent by the bank, and even the bank's door-to-door visits. The customer did not take the initiative to contact the bank, so he ignored the overdue credit card and treated it as nothing. Therefore, if this happens, the bank will not be able to contact the customer and will not take the initiative to contact the bank to repay the overdue amount, which will accumulate year after year. In fact, the bank has already collected the overdue amount, or it may have been a credit card user but the credit card user did not appear in court due to special factors and the bank has already charged the credit card. Perhaps the credit card user did not cooperate with the bank at all or did not answer the bank’s call for payment. Another possibility is that the credit card user has blocked the bank’s phone calls and text messages. The credit card user simply does not know that the bank is urging the payment again, and thinks that the bank has not made the payment.
Of course, it is not ruled out that the bank has already arrived and applied for a unilateral trial. Even if the credit card user does not appear in court, a judgment can still be made based on the specific circumstances. The judgment can be used to force the repayment of overdue credit card users and deduct the relevant individuals. Assets, at this time credit card users are not aware of it. In short, no matter what the reason is for the credit card to be overdue, and the bank does not collect the money, you must know that the overdue amount of the credit card will never be small, the overdue amount will only become larger and larger, and it will be very troublesome to deal with it when the time comes.
My credit card has been overdue for three years. Why do banks basically not collect collections now?
You need to pay back even 1 cent you owe the bank, and the compound interest will keep getting bigger and bigger, but the bank will directly deduct the 1 cent you owe and refuse to repay it. This is the most realistic phenomenon.
As for the credit card that is overdue for three years, and the bank does not collect, there must be a reason for this, and the following major reasons cannot be ruled out:
1. The overdue amount on your credit card is too small, and the bank doesn’t want to contact you. It will let you repay the overdue amount if it grows too large
Under normal circumstances, as soon as a credit card becomes overdue, you will receive a reminder from the bank. Information, or the bank’s collection phone number, allows users to repay.
But some people’s credit cards are overdue, and the bank does not urge them to pay it back. This kind of thing does happen in real life. For example, if the amount of the credit card’s overdue amount is too small, the bank does not want to pay attention to it at all. Credit card users have to come to their door to handle the matter themselves, otherwise the bank will not press for payment.
However, as the overdue amount of this credit card becomes longer and longer, the interest generated will become higher and higher. When the amount is large, the bank will make a reminder and require the credit card user to make a payment. Repayment.
For example, some people still have a few cents left to pay off their credit cards. The interest on this debt will compound, and after a few years, the few cents will roll into thousands of dollars. When the amount reaches several thousand yuan, the bank will start to demand repayment. If you don't pay back, this is the bank.
2. The credit card user has completely changed his personal information. His phone number and home address have been changed, and the bank cannot contact the credit card user.
When you go to the bank to apply for a credit card, your personal information will be recorded. Information, such as ID number, name, phone number, home address, etc.
But as credit card accounts have been opened for a long time, over the past ten years, the information left by credit card users in the bank has expired, the phone number has been changed, and even the home address has been moved. The bank system It's all useless information.
When this kind of credit card is overdue, the bank can no longer contact the customer despite the reminder messages and phone calls sent by the bank. The customer did not take the initiative to contact the bank and ignored the overdue credit card. He just ignored it and let nature take its course.
So if this happens, the bank will not be able to contact the customer, and the customer will not take the initiative to contact the bank for repayment. This overdue amount will accumulate year after year.
3. In fact, the bank has already collected the overdue amount, or the credit card user has already, but due to special reasons, the credit card user did not appear in court
The bank has already collected the credit card, Maybe the credit card user simply doesn't cooperate with the bank, or doesn't answer the bank's calls for payment.
There is another possibility that the credit card user has blocked the bank’s phone calls and text messages. The credit card user simply does not know that the bank is urging the payment again, and thinks that the bank has not made the payment.
Of course, it is not ruled out that the bank has already arrived and applied for a unilateral trial. Even if the credit card user does not appear in court, a judgment can still be made based on the specific circumstances, and the judgment can be used to force the repayment of overdue credit card users and deduct the relevant individuals Assets, credit card users are not aware of them at this time.
Summary analysis
In short, no matter what the reason is for the credit card to be overdue, and the bank does not collect the money, you must know that the overdue amount of the credit card will never be small, and the overdue amount will only increase. The bigger it is, the more troublesome it will be to deal with it when the time comes.
Always remember that if you do not repay the money owed to the bank by credit card, there will always be a record. Sooner or later, the bank will contact the user to demand repayment of the debt. It is impossible to write it off over time, so it is recommended to use credit card Users must use credit cards rationally.
The credit card is overdue, why doesn’t the bank collect the payment?
Because every bank will give these cardholders a period of time to repay the money. If they fail to pay within this time period, they will collect money. If the collection fails, they will be charged.
When a credit card is overdue, why don’t banks generally collect payment?
First, the credit card amount is low, and if the bank chooses or collects it, the cost will be higher
Credit card is a credit loan product produced by the bank to provide convenience for users to consume. , the amount is relatively low and more suitable for daily consumption. There are still certain differences between credit cards and loans. Loans are mainly suitable for large-amount purchases, while credit cards are mainly suitable for small-amount purchases.
When a user's credit card is overdue, the credit card center will usually collect the money by phone. If there is still no result after the phone collection, the credit card center will collect the money through phone calls.
Although the method is more effective, the cost is relatively high. The amount of debt owed by the user is small. If the debt is collected through the method of collection, the cost may be higher than the amount of debt owed by the user. Then even if the arrears are recovered, the bank will still suffer a loss. .
Second, the bank has limited staff and cannot collect debts in a timely manner.
The bank credit card center does not collect debts from overdue credit card users. Another reason is that there are fewer bank staff. , don’t have too much energy to deal with these overdue business.
The income of formal bank employees is relatively high and the benefits are relatively good. This is a good thing for bank employees, but for banks, the costs required will be very high. In order to control the bank's operating costs, banks have certain controls on staffing. It is precisely because of personnel cost control that bank staff are generally in a state of tension.
When a bank's credit card becomes overdue, bank staff do not have so much time and energy to pay attention to the collection of overdue users. As a result, the bank does not collect collection in time after the credit card of some users becomes overdue and some users He may even think that the bank has ignored his overdue credit card.
For users whose credit cards are overdue, even if the bank does not collect, the overdue credit card record will be reflected in the user's personal credit report, thus affecting the user's normal work and life.
The credit card has been overdue for many years, why does the bank not collect it now?
You need to pay back even 1 cent you owe the bank, and the compound interest will keep getting bigger and bigger, but the bank will directly deduct even 1 cent from you and refuse to repay it. This is the most realistic phenomenon.
As for the credit card that is overdue for three years, and the bank does not collect, there must be a reason for this, and the following major reasons cannot be ruled out:
1. The overdue amount on your credit card is too small, and the bank doesn’t want to contact you. It will let you repay the overdue amount if it grows too large
Under normal circumstances, as soon as a credit card becomes overdue, you will receive a reminder from the bank. Information, or the bank’s collection phone number, allows users to repay.
But some people’s credit cards are overdue, and the bank does not urge them to pay it back. This kind of thing does happen in real life. For example, if the amount of the credit card’s overdue amount is too small, the bank does not want to pay attention to it at all. Credit card users have to come to their door to handle the matter themselves, otherwise the bank will not press for payment.
However, as the overdue amount of this credit card becomes longer and longer, the interest generated will become higher and higher. When the amount is large, the bank will make a reminder and require the credit card user to make a payment. Repayment.
For example, some people still have a few cents left to pay off their credit cards. The interest on this debt will compound, and after a few years, the few cents will roll into thousands of dollars. When the amount reaches several thousand yuan, the bank will start to demand repayment. If you don't pay back, this is the bank.
2. The credit card user has completely changed his personal information. His phone number and home address have been changed, and the bank cannot contact the credit card user.
When you go to the bank to apply for a credit card, your personal information will be recorded. Information, such as ID number, name, phone number, home address, etc.
But as credit card accounts have been opened for a long time, over the past ten years, the information left by credit card users in the bank has expired, the phone number has been changed, and even the home address has been moved. The bank system It's all useless information.
When this kind of credit card is overdue, the bank can no longer contact the customer despite the reminder messages and phone calls sent by the bank. The customer did not take the initiative to contact the bank and ignored the overdue credit card. He just ignored it and let nature take its course.
So if this happens, the bank will not be able to contact the customer, and the customer will not take the initiative to contact the bank for repayment. This overdue amount will accumulate year after year.
3. In fact, the bank has already collected the overdue amount, or the credit card user has already, but due to special reasons, the credit card user did not appear in court
The bank has already collected the credit card, Maybe the credit card user simply doesn't cooperate with the bank, or doesn't answer the bank's calls for payment.
There is another possibility that the credit card user has blocked the bank’s phone calls and text messages. The credit card user simply does not know that the bank is urging the payment again, and thinks that the bank has not made the payment.
Of course, it is not ruled out that the bank has already arrived and applied for a unilateral trial. Even if the credit card user does not appear in court, a judgment can still be made based on the specific circumstances, and the judgment can be used to force the repayment of overdue credit card users and deduct the relevant individuals Assets, credit card users are not aware of them at this time.
Summary analysis
In short, no matter what the reason is for the credit card to be overdue, and the bank does not collect the money, you must know that the overdue amount of the credit card will never be small, and the overdue amount will only increase. The bigger it is, the more troublesome it will be to deal with it when the time comes.
Always remember that if you do not repay the money owed to the bank by credit card, there will always be a record. Sooner or later, the bank will contact the user to demand repayment of the debt. It is impossible to write it off over time, so it is recommended to use credit card Users must use credit cards rationally.
What’s the matter with an overdue credit card that suddenly stopped paying reminders?
If the credit card is overdue and suddenly no reminders are issued, it is most likely because the bank intends to use legal means to get the customer to repay, and then the customer is likely to receive a notice from a lawyer or a lawyer. Of course, it is also possible that the customer has been overdue for too long and the bank cannot contact anyone, so it lists the overdue debt as bad debt or bad debt and gives up collection.
Consequences of overdue credit card repayment:
Consequence 1:
After a credit card defaults on high penalty interest, the penalty interest fee usually involved is recurring interest fee. and late fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and it will start from the date the consumption is recorded. Calculate interest.
Except for ICBC, which imposes balance penalty interest, the other 12 banks still impose full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating penalty interest, and interest charges are usually calculated at a daily interest rate of 0.5%. In addition, some banks stipulate that within 15 days from the bookkeeping date, the daily interest rate will be calculated at 0.5%, and if it exceeds 15 days, the daily interest rate will be calculated at 10%. If it exceeds 30 days or the overdraft amount exceeds the prescribed limit, the daily interest rate shall be calculated at 0.01%. Fifteen calculations, the longer the arrears are, the higher the penalty interest will be.
Consequence 2:
Legal violent credit card collection has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies". These companies vary in quality. Debt collection methods are relatively rough and cause great trouble to customers.
Not only that, defaulting customers may also face legal consequences. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, you may be held criminally responsible for the crime. For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs, which is even worse.
Consequence 3:
Leaving "credit stains" in the national credit reporting system. In 2006, the central bank established a national unified basic database of corporate and personal credit information. When you apply for a card or loan, your own "credit report" will be automatically generated in the system. The "stains" in this report cannot be ignored. It will affect the application for various types of loans, insurance, job hunting, and overseas study. etc. Bad records are generally retained abroad for 7 years. In November 2012, the central bank's new version of personal credit report was launched. Overdue credit cards and loans before October 2009 will no longer be displayed, and overdue records will be retained for 5 years thereafter. This move means that citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans in full and on time for five consecutive years, their credit can be restored.
This is the end of the introduction on why credit cards are not being collected and what should I do if a credit card that I have not applied for is being collected? Have you found the information you need?