1. Will I be sued if my credit card is overdue?

If the credit card is overdue for more than three months, the bank has the right to sue the overdue credit card user. However, in real life, when a credit card is overdue for more than three months, the bank will not immediately sue the overdue user. After all, litigation requires a lot of time and energy, so banks usually do not sue customers easily.

However, if the cardholder has a large overdue amount and fails to repay the card after being urged by the bank many times over a long period of time, then the bank may use legal means to ask the overdue user to repay as soon as possible. Arrears.

Therefore, when a credit card is overdue, the cardholder must not deliberately not answer the bank’s phone calls, let alone change the contact information so that the bank cannot contact the person. This will only make the consequences of overdue payment more and more serious. The correct approach is that once an overdue payment occurs, credit card users should pay off the balance as soon as possible. As long as the cardholder takes action to repay, no matter how much the repayment amount is, the bank will not easily sue the credit card user.

If you encounter a situation where you are temporarily unable to repay, you can proactively call the bank hotline, inform the bank of the reasons for your temporary inability to repay, express your willingness to repay, and apply to the bank for negotiated repayment. You can negotiate to extend the repayment period, repay the debt in installments, and you can also try to apply for a suspension of interest payments.

If the cardholder is temporarily unable to repay due to special circumstances such as unemployment or hospitalization, the bank may agree to negotiate repayment. After that, we only need to repay on time according to the negotiated agreement.

If a credit card user is overdue and has been sued by the bank, as long as the court has not accepted the case, the bank will also withdraw the lawsuit as long as the debt is paid off quickly.

Finally, I would like to remind everyone that if you are prosecuted for an overdue credit card, you may be jailed. Therefore, when using your credit card, you must pay attention to reasonable consumption and repay on time to avoid unnecessary trouble caused by overdue credit cards.

2. What are the consequences of paying off credit card debt

1. High interest and late fees

Cardholders who do not repay credit card debt will no longer enjoy the credit card exemption. During the interest period, interest of 0.5% per day will be calculated starting from the day of consumption, and compound interest will be calculated on a monthly basis. A debt of tens of thousands of yuan will accrue thousands of yuan in interest within a few days. The longer the period, the higher the interest.

If the credit card interest-free period is exceeded and the repayment is not made in time, the bank will charge the credit card holder a late payment fee, which is 5% of the unpaid minimum repayment amount. After a certain period of time, the bank will charge the card holder with a late payment fee. People charge higher penalty rates.

2. Personal credit stains

How important a personal credit record is is known as long as the debtor has applied for a credit card or a loan. Once the debtor’s credit record is stained, it is basically It will be difficult to apply for a credit card. This is not the most troublesome thing. The worst thing is that if the debtor wants to buy a house in the future and his credit is stained, the loan amount of the mortgage loan will be smaller than others, and the interest rate will be higher than others. If the application is seriously overdue, Even if you want to spend more interest rates, banks will not lend to debtors.

3. Credit card is suspended

If the credit card is not repaid, the bank will take back the revolving credit granted to the cardholder, and the credit card will be suspended. For repeated repayment arrears or long-term arrears of large amounts, the bank will consider the cardholder to have a higher risk of repayment, and will stop using the credit card and recover the arrears from the cardholder. This will cause the bank to encounter problems. If the credit card debt is still not repaid after collection, the bank may apply to auction the cardholder's other fixed assets.

4. Malicious debts will be punished

If the credit card debt is not repaid for more than three months, it will be regarded as a malicious overdraft, and the bank can initiate judicial proceedings. my country's "Criminal Law" stipulates that if a credit card has an overdraft of more than 5,000 yuan, the debt is in arrears for more than 3 months, and the bank refuses to repay it after being called for more than 3 times, the judicial authorities will take corresponding measures (a sentence of more than 5,000 yuan and a criminal detention of less than 5,000 yuan) .

After the credit card debt is overdue, the credit card debtor needs to take timely measures to deal with the overdue problem. If the credit card debtor is unable to repay the credit card debt due to objective reasons, he can choose to negotiate with the card-issuing bank. You can deal with it through negotiation among others, or you can choose to borrow money from relatives and friends to repay the debt.