1. Is it serious if your credit card 2000 is overdue for 7 years?

Your credit card 2000 has been overdue for 7 years. In this case, it is relatively This is a very serious level of credit card overdue. If you are overdue for more than two years, you have violated relevant legal provisions. It is possible that the bank has filed a lawsuit during this period, and you have also entered the personal credit blacklist of the Central People's Bank of China credit system.

Because overdue credit card interest and liquidated damages are calculated based on the compound interest calculation method, when your credit card is overdue for more than 7 years, the interest calculation period for overdue credit card interest is very long, and it is calculated using the compound interest method. compound interest calculation method. At this time, the overdue interest on your credit card has far exceeded the overdue amount of your credit card, and has even increased hundreds or thousands of times. This unintentionally increases the pressure of overdue repayment on your credit card, so it is a very serious situation for a credit card to be overdue for more than 7 years.

2. How much will you be sued for if your credit card is overdue?

Whether you will be sued by the bank if your credit card is overdue mainly depends on how overdue your credit card is. If the extent of your credit card overdue is very minor, and only a small amount of money is overdue in a short period of time, the bank will not initiate judicial proceedings in this case.

But if your credit card is overdue for a long time and the single overdue amount of your credit card is relatively high. If the bank cannot contact the credit card debtor or his guarantor at the first time, it will also protect its legitimate rights and interests and minimize its losses. Then the bank will use judicial channels to meet its own litigation needs.

3. Who will bear the prosecution costs if a credit card is overdue?

Who will bear the litigation costs of an overdue credit card prosecution mainly depends on the outcome of the court trial and the litigation requirements filed by the bank.

When a bank files a lawsuit, as the plaintiff, the bank must first pay the initial litigation costs. However, if the bank, as the plaintiff, requires the defendant to bear litigation costs in its litigation claims, the litigation costs will be divided according to the relevant judgment of the court. Under normal circumstances, when a bank files a lawsuit over an overdue credit card, it will insist that the defendant bear the litigation costs. So I would like to remind everyone that if the matter can be resolved through mediation before the court makes a decision, don’t wait for the court’s decision.

The consequences of being overdue are still very serious. If you do not handle it in time, you may face the risk of litigation. Contact a legal advisor to solve your overdue troubles.