Will the consequences be serious if a lawyer's letter is received for an overdue credit card?

If a lawyer's letter is received for an overdue credit card, the situation is quite serious. If the lawyer's letter is verified to be true, it means that the bank is already preparing for prosecution. But as long as the user settles the debt, the bank will no longer intend to sue. In fact, sending lawyer's letters to overdue users is just to warn users and let them take the initiative to repay. Most of the time, there is no real intention to sue the user.

If you still do not repay the loan after receiving the lawyer's letter, then the bank may actually sue the user in court.

For more information about the serious consequences of a lawyer’s letter for overdue credit cards, enter: View more content If you receive a collection letter from the world, what will be the consequences if you ignore it?

If the lender does not handle the demand letter after receiving it, after a certain period of time, the bank will sue the lender in court and require the lender to repay the debt and assume liability for breach of contract.

Legal Analysis

If the flow rate is far lower than the minimum flow rate to ensure accuracy, it will result in no output (such as a vortex flowmeter) or the output signal will be cut off as a small signal. (such as differential pressure flowmeter), this is unfavorable to the supplier and unfair. In order to prevent the loss of benefits, for a specific set of heat energy metering equipment, the supply and demand parties often agree on a certain flow value as the "agreed lower limit flow" based on the flow measurement range and the reachable range, and agree that if the actual flow is less than the agreed value , charged according to the lower limit of charging traffic. The metrological administrative departments of the people's governments at or above the county level may set up metrological verification institutions as needed, or authorize metrological verification institutions of other units to perform compulsory verification and other verification and testing tasks. Personnel who perform the calibration and testing tasks specified in the preceding paragraph must pass the assessment. This function is usually implemented in flow display instruments. The metrological administrative department of the local people's government at or above the county level shall establish public measuring standard instruments based on the needs of the region, and they shall be used after passing the assessment conducted by the metrological administrative department of the people's government at the higher level. Enterprises and public institutions may, according to their needs, establish measurement standard instruments for their own use. Their highest measurement standard instruments shall be used after passing the assessment conducted by the measurement administrative department of the relevant people's government. Metrological verification work should be carried out locally and nearby in accordance with the principle of economic rationality. Metrology verification must be carried out in accordance with the National Metrology Verification System Table. The National Metrology Verification System Table is formulated by the metrological administrative department of the State Council.

Legal basis

"General Rules for Loans" Article 32 Loan repayment: The borrower shall repay the principal and interest of the loan in full and on time in accordance with the loan contract. The lender shall send a notice of principal and interest repayment to the borrower one week before the expiration of a short-term loan and one month before the expiration of a medium- and long-term loan; the borrower shall prepare funds in a timely manner and repay the principal and interest on time. Lenders must promptly issue collection notices for overdue loans and do a good job in collecting the principal and interest of overdue loans. If the loan cannot be repaid within the time limit stipulated in the loan contract, the lender shall impose penalties and interest in accordance with regulations; if the loan cannot be repaid or cannot implement the repayment of principal and interest, it shall urge the repayment or prosecute in accordance with the law. The borrower must negotiate with the lender to repay the loan early. Are the consequences serious if a lawyer's letter for an overdue credit card comes?

Legal subjectivity:

Receiving a lawyer's letter indicates that the bank has issued an ultimatum. In this case, the following should be done: (1 ) You can contact the bank first to confirm the solution. The debtor can give the bank a repayment plan. If the bank accepts it, there will be no problem as long as the contract is fulfilled according to regulations. (2) Although receiving a lawyer’s letter does not mean that the other party is suing, it cannot be ignored. According to bank regulations, the bank's legal department will file legal proceedings according to procedures. After a formal lawsuit is filed, a court summons will usually be received within two weeks.

Legal objectivity:

Article 66 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" Card-issuing banks shall establish a credit card debt collection management system and standardize credit card collection strategies, authorities and procedures and methods to effectively control business risks. Card-issuing banks are not allowed to use a single assessment method for debt collectors based on commission on the amount of debt recovered.