It takes six months from prosecution to enforcement for overdue credit cards. Enforcement cases shall be concluded within six months from the date of filing the case, and non-litigation enforcement cases shall be concluded within three months from the date of filing the case. If there are special circumstances that require an extension, it may be extended for three months with the approval of the president of this court. month, if it still needs to be extended, it shall be reported to the Higher People's Court for filing.
1. Consequences of non-payment of bank loans
1. Overdue for more than 90 days, serious circumstances can be regarded as malicious overdue, and the bank's collection may also cause life pressure for you and your family , affecting the normal life of individuals and families;
2. In terms of overdue fees, there will be some expenses such as liquidated damages, penalty interest, etc. The specific charges need to be charged according to the contract. Different institutions have different loan products. , the liquidated damages or penalty interest charged are different;
3. It has an impact on personal credit records. Bad credit records will become a hindrance to future loans such as home loans, car loans, and credit card applications.
2. Consequences of overdue credit card payment
1. Consequences of overdue credit card repayment 1: Bear high penalty interest. After a credit card defaults, the penalty fees usually involved are recurring interest fees and liquidated damages. 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 the interest will be charged from the date the consumption is recorded. Calculate interest.
2. Consequence 2 of overdue credit card repayment: legal disputes. Violent debt collection on credit cards 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 and use rough debt collection methods, causing great trouble to customers.
3. The third consequence of overdue credit card repayment: leaving a "credit stain" in the national credit reporting system. As long as you have applied for a card or taken out a loan at a bank, 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 and insurance. , job hunting, studying abroad, etc. Bad records are generally retained abroad for 7 years. Citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans on time and in full for five consecutive years, their credit will be clean.
It takes six months from prosecution to enforcement for overdue credit cards. Enforcement cases shall be concluded within six months from the date of filing, and non-litigation enforcement cases shall be concluded within three months from the date of filing. In a case of entrustment of execution, the entrusting People's Court shall complete the entrustment execution procedures within one month after the case is filed, and the entrusted People's Court shall complete the execution within thirty days after receiving the entrustment letter. If the execution is not completed, a letter of execution status shall be notified to the entrusting people's court within fifteen days after the expiration of the time limit.
1. Consequences of non-payment of bank loans
1. Overdue for more than 90 days, serious circumstances can be regarded as malicious overdue, and the bank's collection may also cause life pressure for you and your family. , affecting the normal life of individuals and families;
2. In terms of overdue fees, there will be some expenses such as liquidated damages, penalty interest, etc. The specific charges need to be charged according to the contract. Different institutions have different loan products. , the liquidated damages or penalty interest charged are different;
3. It has an impact on personal credit records. Bad credit records will become a hindrance to future loans such as home loans, car loans, and credit card applications.
2. What are the consequences of overdue credit card payments
1. Consequences of overdue credit card repayment 1: Bearing high penalty interest. After a credit card defaults, the penalty fees usually involved are recurring interest fees and liquidated damages. 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 the interest will be charged from the date the consumption is recorded. Calculate interest.
2. Consequence 2 of overdue credit card repayment: legal disputes. Violent debt collection on credit cards 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 and use rough debt collection methods, causing great trouble to customers.
3. The third consequence of overdue credit card repayment: leaving a "credit stain" in the national credit reporting system.
As long as you have applied for a card or taken out a loan at a bank, 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 and insurance. , job hunting, studying abroad, etc. Bad records are generally retained abroad for 7 years. Citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans on time and in full for five consecutive years, their credit will be clean.
It takes six months from prosecution to enforcement for overdue credit cards. Enforcement cases shall be concluded within six months from the date of filing, and non-litigation enforcement cases shall be concluded within three months from the date of filing. In a case of entrustment of execution, the entrusting People's Court shall complete the entrustment execution procedures within one month after the case is filed, and the entrusted People's Court shall complete the execution within thirty days after receiving the entrustment letter. If the execution is not completed, a letter of execution status shall be notified to the entrusting people's court within fifteen days after the expiration of the time limit.
Legal basis:
Article 671 of the "People's Republic of China and Civil Code"
The lender failed to comply with the agreed date and amount. If a loan is provided and causes losses to the borrower, the borrower shall compensate for the losses.
If the borrower fails to collect the loan on the agreed date and amount, the borrower shall pay interest on the agreed date and amount.
Article 674 of the "People's Republic of China and Civil Code"
The borrower shall pay interest according to the agreed period. There is no agreement or the agreement is not clear about the period for payment of interest, and it cannot be determined according to the provisions of Article 510 of this Law. If the loan period is less than one year, it shall be paid when the loan is returned; if the loan period is more than one year, It shall be paid at the end of each year. If the remaining period is less than one year, it shall be paid when the loan is returned.