What to do if your credit card is overdue for four or five years
If your credit card is overdue for four or five years and you have not paid it back, it is recommended to pay off the debt in time. If you are temporarily unable to repay it, you can apply for an extension of payment or installment payment. Repayment. However, if the cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, and fails to return the card for more than three months after being called upon twice by the issuing bank, he will be suspected of credit card crime and will need to bear corresponding criminal liability. If the overdraft interest can be paid back in full before the public security organ files the case, and the circumstances are obviously minor, criminal liability may not be pursued in accordance with the law.
Credit cards that are overdue for four years will incur high interest rates and late fees, which will affect your personal credit score. If the circumstances are serious, you may be suspected of a criminal offence. When a credit card is overdue, the interest-free period will disappear, and the cardholder must bear the corresponding penalty interest. As time goes by, overdue fees and penalty interest will continue to accumulate. Overdue records will be recorded as bad records, which will affect future applications for home loans and other loan products, and may lead to loan rejections. If the payment is overdue for a long time and the bank still fails to repay it after repeated collections, the bank is likely to sue the cardholder, and the cardholder must bear corresponding criminal liability. If a credit card is overdrawn maliciously, it is suspected of credit card crime.
"Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards"
Article 6 If a cardholder exceeds the prescribed limit or overdrafts within the prescribed period for the purpose of illegal possession, If the card is not returned for more than three months after two effective collections by the issuing bank, it shall be deemed a "malicious overdraft" as stipulated in Article 196 of the Criminal Law. Whether the purpose of illegal possession is for illegal possession shall be determined based on the cardholder's credit record, repayment ability and willingness, status of applying for and overdrafting the credit card, purpose of overdraft funds, performance after overdraft, reasons for failure to repay as required, etc. judge. The purpose of illegal possession shall not be determined solely based on the fact that the cardholder failed to repay the loan as required.
"Criminal Law of the People's Republic of China"
Article 196 If any of the following circumstances occurs, it shall be deemed as "illegal possession for the purpose": ( 1) A large amount of overdraft, knowing that one has no ability to repay, cannot be returned; (2) The overdraft funds are squandered wantonly and cannot be returned; (3) After overdraft, the person escapes, changes his contact information, and avoids bank collection; (4) Escapes and transfers funds, concealing property, and evading repayment; (5) using overdraft funds to carry out illegal and criminal activities; (6) other illegal possession of funds and refusing to return them.
Can I not repay a credit card that is 4 years overdue?
No.
1. If the credit card is overdue for 4 years and is not repaid, the bank will first notify you of the repayment. If the credit card is not repaid three times, the bank will personally notify you;
2. The credit card is overdue for more than three months or If the bank fails to pay after two or more reminders, the bank will freeze the card and list it as a prohibited customer. At the same time, the bank will also enforce the credit card and malicious overdraft.
3. If you later refuse to repay and the amount owed exceeds 10,000, you will be sentenced for credit card crimes according to the criminal law.
What will happen if I owe 10,000 to my credit card for four years?
Holy crap, it’s been exactly 4 years, and so far I’m not doing much. Except that I can’t get a loan, everything else is the same, nothing has changed.
My credit card is overdue for 4 years and I have been visited once or twice. Once, two debt collectors from Industrial Bank came to our door. These two collectors were from third parties and they were very impressive. When they came to my house, they asked if so-and-so was there and when he would pay back his money. I told them that I had no money at the moment, and they told me to go to the police station. I said let's go together. Because I understand the law, and I also know the law. I know that there is no point in going to the police station for an overdue credit card. The most I can do is sit down and talk. Those who call the police to collect money are basically a third party, and they are all trying to scare you. If you go directly with them, they will not dare to go themselves. In the end, they had no choice but to take photos of my house and leave.
For Bank of China credit card collection, local bank salespeople come to your door. It is different when other people come to your door, and they say it politely. People ask you what difficulties you have. If your family is in difficulty, they will help you apply for interest exemption. If you are temporarily in difficulty, you can negotiate for installment repayment. Because you owe money, no matter how long it takes, you will eventually have to pay it back, so there is no escape. Now we come to understand the situation and understand whether it is a difficulty or a deliberate non-payment. They are relatively polite, talk nicely, and are generally realistic. If they negotiate for a reduction or exemption, they will report it.
I am overdue for 4 years, and the most rubbish among them is the Bank of Communications. The Bank of Communications is super disgusting. I found some third parties to collect money just like online loans, and the interest rate of the Bank of Communications increases indefinitely. CCB is better than others, but interest rates rise slowly. CCB has now given me bad debts.
It’s okay if your credit card is overdue, nothing will happen to you. Don’t be fooled by people saying your children can’t study. There are two types of blacklists. One is credit blacklist, which means you cannot get a loan. The second type of black is that you are judged to be black, and you are restricted from high consumption. It is possible that your property will be auctioned, but the chance of being auctioned is about 30%.
Anyone on the Internet who says they can help you negotiate credit card repayments or interest exemptions are all scammers. Banking transactions are all done in person without any middlemen. Even if the fees are reduced or reduced, the bank will negotiate with you personally.
Owing a credit card of RMB 10,000 is generally not a credit card crime. Therefore, under normal circumstances, you will not go to jail.
However, after all, it is money owed to the bank rather than personal money. The bank has many ways to deal with this kind of thing.
The first consequence is that your credit report is compromised.
Having a bad credit report means that your future bank business will be severely limited, such as loans, credit cards, etc., and you will basically be rejected instantly without even thinking about it. For other occasions where you need a credit report, For example, when participating in bidding in some places, you need to show your or your company's credit record. This kind of thing is also not allowed.
The second consequence is that interest and liquidated damages keep rising and are always recorded in the account.
Some banks will stop calculating interest at a certain point, but some banks will keep increasing the interest if you don't repay it. If you have to deal with it in the future, these interests will need to be repaid together.
The third consequence is being killed.
Yes, it is impossible to win in this kind of matter. The parties will be ordered to repay the interest, principal, late payment fines and other things stipulated in the contract, as well as pay litigation fees, the bank's attorney fees, etc.
The fourth consequence is enforcement.
After the enforcement case is filed, the parties concerned will be invited to drink tea. If they do not cooperate, they will be fined and detained. Then the property under their names will be investigated and disposed of, and high consumption will be restricted, etc.
The fifth consequence is to pursue criminal liability for the crime of resisting law enforcement.
As mentioned before, overdrafting a credit card will generally not constitute a credit card crime if the amount is not exceeded. However, if it comes to compulsory execution of the loan and you have the ability to refuse to perform, and the circumstances are serious, you may be charged with the crime of "refusing to execute the ruling and judgment." If the circumstances are serious, you will be sentenced to not more than three years, and if the circumstances are serious, you will be sentenced to not more than three years and not more than seven years. above.
In 2008, I applied for a credit card in Shenzhen and had an overdraft of more than 3,000 yuan that I never paid back. Soon after the financial crisis broke out, I left Shenzhen and changed my mobile phone number.
One day suddenly the village committee secretary brought a letter to my home, saying that I had committed a crime outside and should go to the police station to resolve it as soon as possible, otherwise I would be taken to court and imprisoned.
I guessed that the doubling of interest, late fees and fines were too much, so I took the initiative to call the bank to explain the situation. Unexpectedly, the female customer service attitude of the bank was surprisingly good, saying that as long as the loan was repaid, part of it could be waived. Fees, but paid off within a few days.
I told the customer service that I didn’t have that much money and could only pay back the principal. I also asked her who called our local police station? She replied that she was their lawyer and had found the phone number of our village secretary.
I was worried about my reputation, so I paid the money back the next day and told the secretary that the credit card had defrauded me, not me.
First of all, interest will continue to accrue, and some banks will also charge penalty interest, which is compound interest. Your total debt will continue to grow like a snowball, with the principal owed being 10,000. After a few years, the principal and interest will likely reach 35,000, or even more.
Secondly, the initiative in civil litigation is always in the hands of the card issuer. It is not that the bank admits failure, but that it has not been cleared in your name. If the conditions are ripe, you can receive a summons at any time, and even if you refuse to appear in court, you can still get a default judgment. If your bank account is frozen one day, don't be surprised, you've already been sued.
Third, those who refuse to repay or are unable to repay may be held criminally responsible for credit card crimes. This is not a civil lawsuit filed, but a criminal case filed by the public security agency. It's okay to refuse contact, or to hide and avoid, but you may be wanted online. Some people here always say that a certain friend owes 50,000 yuan and has never paid it back. Isn’t he still cool? You are bluffing! All I can say is that this is not only a sign of legal illiteracy, but also encourages people to jump into a pit of fire.
In a word, you have not been caught and imprisoned, but you are just lucky, or you have been isolated from the world, or you have been on the road to escape. These are not reasons for you to be justified, but excuses for you to be willing to live in a dark corner.
Fourth, credit punishment. Credit cards that are overdue for more than 3 months will be put on the credit blacklist without exception. A chain reaction follows, and an invisible cage constrains your daily behavior. A person who is proud of himself or makes excuses for not paying back his credit card debt, because he will no longer apply for a loan or credit card from a bank, even if he buys a car, a house or a business, he will pay in full; he will not enter high-end hotels and entertainment venues; he will not fly If you don’t go abroad for high-speed rail; if you don’t look for a job and don’t worry about your children’s education and employment, etc., you can of course ignore the blacklist. If you want to live a life of isolation, who can stop you?
A friend who drives a Mercedes-Benz suddenly called me one day and asked why he couldn't get a mortgage to buy a house? I asked him if he had any credit cards, overdue loans or unpaid loans? He hesitated and said that more than ten thousand years ago, the credit union had unpaid loans. I asked him why he didn't pay back? He was speechless, and I was even more speechless. The questioner always wants to find shortcuts or excuses to evade responsibility and punishment, but never thinks about how to work hard to fulfill his life contract. I don’t know whether this should be sympathetic or deplorable?
If you only owe 10,000 yuan and it has been four years, there will be almost no impact, except that you will not be able to get a loan in the future. Here is a detailed introduction to several situations:
1. Negotiate repayment
If you have not repaid for four years and the amount is not large, the bank itself knows that it is difficult to get the money back. Basically, as long as you are willing to repay, The bank will agree. At this time, you will be exempted from liquidated damages and interest, and you only have to pay back the principal.
2. Listed as bad debts
This situation is the most likely, because the amount is not large and it has been for a long time. It will definitely have been dealt with by you within four years. After many collections, there is still no repayment, and the cost is relatively high. Even if you win the money, you may not be able to get it, then the money may be classified as bad debts. Also, during the collection process in the past few years, if you have a bad attitude and refuse to repay, the bank customer service will also classify you as a bad debt. Once it is listed as a bad debt, it will be permanently displayed on your credit report. You will never be able to deal with the bank in this life. It's okay if you don't pay it back at this time. But if you want to repay the loan and restore your credit report, you still have to go to the bank. Say good things and ask them to open a repayment channel for you, and then cancel the account after repayment. Sometimes the bank doesn't care about the money. If you have a bad attitude, they just ignore you and keep classifying it as a bad debt.
3.
It is also possible. For 10,000 yuan, the bank may not process you individually, but may do it in batches. If you still do not pay back the money in the future, you can apply for compulsory Execute, freeze bank cards, WeChat, Alipay, etc. in your name, and deduct money from you until it is paid off.
4. Debt transfer
It is also possible that the bank will sell your debt to a third-party company, for example, to a qualified company at a 50% discount, then your debt will be transferred If you give it to a third-party institution, the bank will not take care of the debt at this time, but the third-party company will collect the debt from you.
The above situations are all possible, but according to your question, the ten thousand yuan has been paid for four years, and the most likely possibility is that it will be classified as a bad debt. If you don’t deal with the bank in the future, , then it will not have any impact on you, but it is recommended that you discuss the repayment with the bank. You will inevitably encounter various situations in your life, and you cannot really just say that you will not deal with the bank for the rest of your life.
First of all, did you cash out the money in the card at once? If not, congratulations, you are farther away from sin. Second point, is the information filled in at that time true? If so, congratulations again, you are a little further away.
Third point, has your phone number not been changed? You can give me the bank’s phone number. Not every time, but once in a while.
If you do these three things, congratulations, you are basically not committing a crime. Your amount is 10,000, but less than 50,000. The amount is not enough to commit a crime.
Four years of unrepayed debt does not mean it is a bad debt. It’s just that the bank has not assigned you yet. Sooner or later, it will come to you. This debt cannot be ignored. As for credit reporting, don’t even think about it. , black account, all your activities in dealing with the bank are basically impossible.
When your bank card suddenly becomes unusable that day, it means that the bank is asking for money from you, and the money in all the cards under your name will be frozen.
In the end, just wait and negotiate for repayment, interest exemptions, and penalties.
I have a credit card, a credit card from a certain state bank, which I haven’t paid back for just over 4 years. I was deceived several times in the process, but in the end I was deceived and put on the list of dishonest people.
The credit limit of my card is 8,000 yuan. During the period of time when I used the card normally, the credit limit was continuously increased for me, and it rose to 40,000 yuan within one year.
Later, due to an unexpected incident at his father-in-law's family, his father-in-law got cancer and needed a lot of money for treatment. He had no choice but to spend all his savings, so he could only withdraw the money from his credit card.
Because I took out all the money at once, it may have entered the bank's risk control system, so when the next bill came out, the credit card limit was suddenly reduced by half, which meant that I Once the money is returned, it cannot be withdrawn.
But there was no working capital at that time, so I had no choice but to overdue it. However, my family members found out about this, and they gave me the money, paid back the bill, and paid back the bill. After that, the card was suspended for two months because my family kept watching me and wouldn't let me use the credit card. At that time, I told my family that the main reason was because they were afraid that if it expired, it would affect my future. life.
But on the father-in-law’s side, he has cancer. His illness will not kill him immediately, nor can he be cured. He has been putting it off for more than half a year, spending 800 yuan every day, plus Including the previous treatment, the average cost was hundreds of thousands.
Because my wife is the eldest, and there are younger brothers and sisters behind her, who are all still studying, so the only ones in the family who can make money are us, and we can only rely on us. , we didn’t have children at that time, and the most important thing was that we didn’t have a single horoscope, and we were just in love, but both parents agreed. I spent so much money to treat them, but my friends around me said I was stupid. , the most important thing is the people in my family who I still hide it from.
Even though I knew it was impossible to cure, I still invested money desperately every day, and my condition worsened day by day.
Because it needs an oven to bake, some parts of the body have been melted by the roasting, and he has no consciousness. At that time, I felt very sad. I just wanted to make him feel more comfortable and give it to him every day. Treat him with medication and let him go happily.
Later, the credit card was maxed out, and I didn’t tell anyone, because not only did he need money for medical treatment, but I often took leave to come back to work, and I didn’t have much salary, plus I had to pay for my daily life. of overhead. We have become extremely poor, so health is wealth. If this had not happened, we would not have reached this point.
My credit card is overdue, and the collectors have been calling me for several months. I also told them to take it easy, and they do the same thing every day. There were a few times in the process, and the collectors said I went in a little bit to prove that I was sincere in repaying the money, but when it was overdue, I only owed 8,000 yuan. I knew that I never looked at the bill after it was overdue.
They called me and asked me to pay back 1,000 yuan first to show their sincerity. I did so at the time, but after I recovered, they kept calling me and never stopped.
I just want to pay my salary as soon as possible and pay off the accounts, but there are still a lot of things to do ahead. The salary in the past few months has been used to do other things. When the credit card is overdue, In the fourth month, I had saved enough money, more than 8,000. When I wanted to repay the loan, I opened the bill and was shocked. The overdue interest plus principal had become more than 20,000.
I later called you and contacted customer service and asked them why the interest rate increased so quickly. They said they only saw the overdue amount on the card and they didn't know the other reasons. If I need to deal with it, I will pay off the above amount.
When I called them, they didn’t say anything about negotiating repayment in installments. They said they didn’t have this service at all.
In the later period, there were also collectors who kept calling me, but in order to achieve their own goals, they kept using tricks to make me pay back part of the money. They also often sent me text messages saying that I could get a reduction, and that this was the last chance for a reduction. Or something like that, and after a few rounds, I stopped paying attention to them.
There were basically no calls in the next two or three years, because I saw that the interest had stopped there and there was no change, so I didn’t deal with it because I still owed it. If I use money from other places, my account will probably become a bad debt.
It wasn’t until one day four years later, that is, on May Day, Labor Day, when I was about to buy a ticket to go home, I found that my ticket was listed as a person with a height limit and a dishonest person. . Only then did I start to panic. How could I be blacklisted?
Later, after many inquiries, I found out that I was defrauded by a bank in a certain state, and when they came to me, I didn’t know it at all. The postal service sent two letters from a lawyer, but I didn’t sign for them. Because many fake lawyer letters have been sent to me before, I did not sign for them this time. It seems that although my phone number has changed, my work location has not changed.
Although my phone number has changed, collection agents have been calling me in the process, and they are also appointed by this bank to collect money. I have argued with them several times in the process, and I have also been tricked by them. After a few words, it was probably because of the evidence left behind by these words that they turned against me.
Later I saw the ruling, and I was instantly overjoyed, because the bank ruled that it would not support his illegal gains, that is, liquidated damages, as well as the corresponding interest, so I called him again. He communicated with me and got a reduction or exemption. In the end, he only paid back the principal plus a small amount of interest. If he had agreed to my doing this, there would have been no need for so much trouble. So the bank just wanted to earn high interest. .
Listen to my description, you should know by now that if you didn’t pay back last year, the bank will treat you too, so don’t take chances.
And if you don’t pay back, CITIC will be blacklisted and you will be called upon by debt collectors to continue collecting debts. In more serious cases, it will affect your job and even cause you to lose your job. Being listed as a dishonest person will also ruin your reputation.
What’s more serious is that if you don’t pay back the money, you will be listed as a dishonest person, and you can also be detained for 15 days, although your 10,000 yuan does not meet the criminal law limit. It's a credit card crime, but you will be detained twice a year, and 15 days is enough for you. And if you don’t pay it back, your children will not be able to attend private schools or apply for civil service examinations. Your travel will also be seriously hindered. It may be implemented in the future so that you can only ride a bicycle and walk, increasing the punishment for old people.
As a result of national policy in recent years, all banks have adopted an appeasement policy, which means that if you don’t pay back the money, you won’t arrest people easily, because past experience tells banks that even if they catch people who have no money, they won’t pay back. After serving a sentence, people will not be able to repay the money, so you can see that many people now owe bank credit card money. There is no other punishment except being harassed by debt collectors. But if we push the time forward to ten years ago, they would be arrested if they had nothing to do. For a group of people, they had to pay fines after paying back the money. After paying back a lot of money, many people were eventually sent down to serve their sentences because the fines could not be paid. Not to mention directly arresting those who don't pay back the money. In fact, it's all about interests. I'll take the time to talk about the procedures that credit cards need to go through to catch the cardholder. It's actually quite complicated. The most important point is that banks must cooperate.
I owe 10,000 yuan to the bank on my credit card and have not paid it back for four years. The bank has not collected money in the past year. It is basically certain that it has become a bad debt.
The biggest impact of bad debts on you is your credit record. Since this debt has not been repaid, a bad credit record will accompany you for life. Some people say, aren’t credit records updated every five years? Won’t bad credit records be automatically eliminated after five years? Yes, credit records are updated every five years, but bad credit records can only be automatically eliminated five years after the debt is paid off. If the debt is never paid off, the bad credit record will never be eliminated. , then you will never be able to get any bank loan again in your life.
Who would say that I can repay this bad debt later when I have money? Due to credit card bad debts, the bank will cancel the cardholder's account, and your account no longer exists. If you want to repay the loan in the future, you need to apply to the bank first. It is hard to say whether the bank will agree. Even if you agree, the procedures are very cumbersome.
So when it comes to credit card debts, if you really don’t have the ability, there’s nothing you can do about it. If you have the ability, it’s better to pay it off.
The worst result of a credit card that is overdue for 14 years is that it will be turned into a bad debt by the bank and you will not have to pay it back;
Overdue credit cards across the country amount to hundreds of billions, and banks every year Every bank will deal with a batch of bad debts. If the bank's bad debts exceed the percentage required by the state, it will face fines. Therefore, the bank will avoid being fined and will turn credit cards that are overdue for several years into bad debts. This means that the bank will help you pay it back. If you go to If you still don't have a few dollars in your credit card, it means it has become a bad debt.
Now is the era of credit reporting. 10,000 yuan will definitely be listed on the credit report, but it will not have any impact on your life. Even if the credit card is overdue and exceeds 50,000, as long as you apply for it with a real ID card, there will be no need to If one overdraft is overdue and one of the two is indispensable, it is civil.
The interest and late fees on a credit card that is overdue for 10,004 years will definitely exceed the principal. If there are no bad debts, you can negotiate with the bank to repay the principal or repay in installments up to 60 installments. As for the 10,000, it is still not enough It depends on your situation. If you have money, it is best to negotiate with the bank. It is really not worth it to have your credit checked for 10,000 yuan.
That’s it for the introduction of four years of credit card debt.