This is the case. Each bank’s credit card collection is different. Some are outsourced, and some are collected by companies affiliated to the bank. Among them, the most formal collection and the one that started earlier is the collection of China Construction Bank, which is under the bank. Set up a company for collection.

The law has clear protection regulations for credit cards. The most basic content is:

The debt is more than 5,000 yuan, and the debt period has been three months. After three collections by the card issuer, the card has not been collected. As a result, the bank has the right to file a lawsuit in court against the cardholder for malicious overdraft.

Don’t take any chances. Whether the bank will sue depends on whether the bank’s internal review makes it necessary to sue you. As long as the above conditions are met, the bank can sue you. If the bank sues, it will definitely increase compensation for breach of contract, and it will definitely be profitable. This needs to be noted.

Some debt collection companies entrusted by banks will apply to the judicial and public security organs for 24-hour legal detention authority to force you to repay the debt.

In any case, failure to repay on time is a breach of contract and is not recommended.