Banks will usually consider prosecution when a credit card is overdue for more than 90 days. Detailed instructions are as follows:
1. Bank policies: Each bank may have different policies, but generally speaking, 90 days overdue is considered a serious overdue, and the bank will consider taking legal action.
2. Collection measures: During the overdue period, banks usually collect through phone calls, text messages and letters, hoping that customers will pay off their debts. If a customer continues to neglect payments or is unable to reach a repayment agreement, the bank may choose to sue.
3. Prosecution procedure: Prosecution procedures vary from region to region, but usually involve the bank filing a lawsuit in court to recover overdue amounts. The court will make a judgment based on relevant evidence and legal provisions, which may include requiring customers to repay arrears, pay penalty interest and overdue fees, etc.
Summary:
Banks will usually consider prosecution when a credit card is overdue for more than 90 days. Before this happens, banks will try various collection measures in the hope that customers will take the initiative to repay. The specifics of the prosecution process may vary by region, but the purpose of a bank prosecution is to recover past due amounts.
Extended information:
- How to avoid overdue payments: Regularly monitoring credit card bills and rationally planning consumption and repayment plans are the keys to avoiding overdue payments. Communicating with the bank promptly to seek repayment options is also a solution.
- Impact on credit history: Overdue payments can have a negative impact on an individual's credit history, lowering their credit rating and potentially making it difficult to obtain loans, credit cards or other financial products.
- Legal basis: China’s Civil Procedure Law and other relevant laws stipulate prosecution procedures and debt collection rights. Please refer to relevant regulations for specific details.
Please note that this answer only covers common scenarios and assumes that the customer continues to be overdue and unable to reach a repayment agreement. Specific situations may vary depending on bank policies and regions, please seek professional legal advice for accurate information.