Today, this article will answer your credit card overdue question in detail:
How much do I owe my credit card to go to jail?
How much credit card is owed, will it be prosecuted?
How much does a credit card owe to be a breach of contract?
You owe at least 50 thousand yuan to go to jail. This 50 thousand yuan is pure principal. If you pay 50 thousand yuan with interest, you won't go to jail. Because overdrafts below 50,000 are civil liabilities.
However, even if you owe 60,000 yuan, or even 1.6 million yuan, you should always pay attention to breaking the law in prison. Only those who commit credit card fraud and maliciously overdraw their credit cards will be sentenced. The definition of malicious overdraft is rather vague. If you go bankrupt and your previous debts are not paid, it is naturally not malicious overdue.
But you still overdraw your credit card after bankruptcy, and the huge overdraft is proof that you deliberately overdue. In addition, it is illegal to evade collection, such as maliciously losing contact, changing the number to provide false information, or secretly transferring property, or fraudulently using other people's credit cards.
However, you don't have to worry too much. You may not be sued by the bank before sentencing. The prosecution may only be a civil lawsuit.
Generally, if it is overdue for more than 10,000 yuan, it may be prosecuted, and it will not be capped. However, banks are not people who sue casually. Whether you will be prosecuted mainly meets the following two conditions.
1, overdue for more than 90 days
When you are overdue for 90 days in a row, you may be sued by the bank. The first three months can be regarded as the inspection period of the bank. Although the interest is rolling and the credit information is changing, the patience of the bank is at least 90 days. Until then, it's safe for you to owe 200 thousand.
2. Repeated collection is invalid.
When you are overdue for a long time, the bank will naturally collect you. If you are willing to listen, the bank will not sue so soon. But you have been repeatedly unable to get through the phone, and the court's notice letter will arrive soon.
If you are sued, you can pay back the money to solve the crisis, or you may be executed by the court. However, everyone should pay attention to the fact that if you don't pay back the money within the time limit, the ultimate consequence will not only be imprisonment, but also the possibility of becoming a faithless person, that is, Lao Lai.
If you are not sued by the bank, no matter how much money you owe, you will not become a person who breaks your promise. Being prosecuted and sentenced by the court is a hard premise for treacherous people.
When you are sued, no matter how much money you owe, as long as you refuse to pay off the credit card debt and refuse to carry out the court decision, you will become a faithless person. In short, if you owe money, you will be old, and the court will list you as an executor of dishonesty according to law.
However, bank prosecution depends on the situation after all. Not prosecuting within three months does not mean not prosecuting within six months. We still have to have a sense of crisis. If you are sued, you must have a sense of repayment and actively negotiate repayment, instead of being a relative in contempt of court.
Related Q&A: Related Q&A: How long will a credit card be sued if it is overdue? Will you go to jail? How long will the credit card be sued if it is overdue? In fact, this is unnecessary and there is no fixed time limit.
Credit card overdue means that after the credit card is overdrawn, it has not been repaid or all debts have not been paid off beyond the repayment date, which is regarded as overdue. After the deadline, the bank will report our credit records to the central bank's credit information system, so there will be bad overdue records in our credit information report.
credit card
What procedures does the bank have after the credit card expires?
The first one: charge interest.
The bank will charge interest according to the amount we owe. Generally, the daily interest is five ten thousandths. Therefore, after the deadline, our debts will increase day by day, and we need to find ways to pay off our debts as soon as possible to avoid generating more interest.
Second: collect late fees.
Generally speaking, late fees are charged according to the minimum monthly repayment amount. The late payment fee is not the interest we are talking about, but the liquidated damages other than interest, so for us, the debt will roll up after the deadline.
Third: enter the credit information system.
Generally, after the overdue period is over, the bank will report the relevant information to the central bank's credit information system, and then there will be bad overdue records on our credit information report. This system is connected with all banks and financial institutions, and all banks can see our overdue records, so it will have an impact on our future applications for credit cards, loans, mortgages, car loans and so on.
Credit card overdue
Fourth: collection
The overdue time is within one month: the bank will generally give you a short message to remind you that it is overdue and needs to be repaid as soon as possible.
Overdue for one month to three months: the bank will call you for a dunning, tell you a basic information about the overdue amount and time, and let you pay off your debt as soon as possible.
Overdue for three to six months: the bank packages the debt to a third-party collection agency, which will collect it. Third-party collection is not as gentle as a bank, and will try every means to make you pay your debts.
Overdue for more than six months: the bank will hand it over to the second outsourcing agency for collection, and at this time we may be sued or put on file.
Fifth: prosecution
The bank evaluates all users who are in arrears and then decides whether to sue. Banks will regularly or irregularly sue some users who still can't receive the arrears after collection. There is no way to fix the time of prosecution, and it is up to the bank to decide. Under normal circumstances, banks will grasp the statute of limitations of no more than three years.
If we are sued by the bank, we should not be afraid. As long as you actively respond, you can negotiate with the bank to reduce or apply for a personalized installment repayment agreement.
Urge sb. to pay
Is it possible to go to jail if your credit card expires?
It's possible.
If the credit card meets these four conditions within the time limit, it may violate the criminal law and risk imprisonment.
Article 1: For the purpose of illegal possession;
Article 2: A single credit card is overdue, and the principal exceeds 50,000, including the temporary limit, excluding interest, penalty interest and other expenses;
Article 3: After two effective bank collections, there is still no repayment;
Article 4: overdue for more than 3 months, no repayment.
If these four conditions are met at the same time, it may be suspected of credit card fraud and violate criminal responsibility. The first specific explanation about the purpose of illegal possession, which I mentioned in the last article, can be read by netizens.
Overdue netizens, credit card overdue is not terrible. It is important to see how you deal with them. Hua Meng suggested that the cardholder can negotiate a personalized installment repayment agreement with the bank according to Article 70 of the Measures for the Supervision and Administration of Credit Cards of Commercial Banks if you are willing to repay and have certain repayment ability.